{"id":74404,"date":"2025-08-28T08:27:46","date_gmt":"2025-08-28T08:27:46","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=74404"},"modified":"2025-08-28T08:27:46","modified_gmt":"2025-08-28T08:27:46","slug":"otti-reaffirms-commitment-to-10000bpd-modular-refinery-in-abia","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/08\/28\/otti-reaffirms-commitment-to-10000bpd-modular-refinery-in-abia\/","title":{"rendered":"Otti Reaffirms Commitment to 10,000bpd Modular Refinery in Abia"},"content":{"rendered":"<p><strong>By Onilede Titi Faith<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Abia State Governor Alex Otti has reaffirmed his commitment to the timely completion of the proposed 10,000 barrels per day (bpd), modular refinery at the Abia Industrial and Innovation Park (AIIP), Owaza.<\/p>\n<p>The refinery, to be developed by HSI Energies Group, is expected to create about 1,000 direct jobs and thousands of indirect employment opportunities for residents.<\/p>\n<p>Governor Otti gave the assurance on Wednesday while receiving HSI Energies\u2019 management team, led by Group CEO Ugwumba Okezie Nwosu, who presented a status update on the project.<\/p>\n<p>Describing the AIIP, which spans over 2,000 hectares, as a hub for a gas-powered industrial ecosystem, Otti highlighted its potential to boost energy, logistics, housing, petrochemicals, fertiliser production, and clean infrastructure in the state.<\/p>\n<p>He commended HSI Energies for choosing Abia as the refinery\u2019s location and noted the project\u2019s significant economic impact.<\/p>\n<p>Mr. Nwosu said the refinery project has reached an advanced stage, with equity sourcing and debt financing underway.<\/p>\n<p>Initially processing 10,000 bpd, the refinery is planned to scale up to 30,000 bpd, generating an estimated $68 million annually in tax revenue per phase and attracting up to $300 million in foreign direct investment when fully scaled.<\/p>\n<p>Construction is slated to begin in the first quarter of 2026, with socio-economic benefits including training for locals and improved access to petroleum products.<\/p>\n<p>Governor Otti was joined by Commissioners for Petroleum and Mineral Resources, Prof. Joel Ogbonna, and Finance, Mr. Uwaoma Ukandu, among other aides.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onilede Titi Faith &nbsp; Abia State Governor Alex Otti has reaffirmed his commitment to the timely completion of the proposed 10,000 barrels per day (bpd), modular refinery at the Abia Industrial and Innovation Park (AIIP), Owaza. The refinery, to be developed by HSI Energies Group, is expected to create about 1,000 direct jobs and [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":74405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1720,172],"tags":[],"class_list":["post-74404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=74404"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74404\/revisions"}],"predecessor-version":[{"id":74406,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74404\/revisions\/74406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/74405"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=74404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=74404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=74404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}