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LAGOS – Waltersmith Petroman Oil Limited has announced the successful expansion of its refinery capacity to 10,000 barrels per day (bpd), marking a major milestone in Nigeria’s drive for energy self-sufficiency.
The achievement came to the fore during an official inspection visit by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Content Development and Monitoring Board (NCDMB) to the company’s Phase 2 facility at Ibigwe, Imo State.
The delegation, led by NMDPRA’s Authority Chief Executive, Engr. Saidu Mohammed, alongside representatives of the NCDMB, assessed the operational readiness of the upgraded facility.
The Phase 2 expansion effectively doubles Waltersmith’s refining capacity from 5,000 to 10,000 bpd, positioning the company as a key contributor to Nigeria’s domestic refining ambitions.
“What WalterSmith has accomplished is no small feat. This is a powerful demonstration that Nigerians have both the capability and responsibility to take charge of the midstream sector which is the true engine room of our economy,” Engr. Saidu Mohammed, Authority Chief Executive, NMDPRA, said.
Speaking, Chairman of Waltersmith, Mr. Abdulrazaq Isa, emphasised that the expansion reflects both technical discipline and alignment with national energy policy objectives while maintaining strict adherence to regulatory standards, particularly those set by the NMDPRA.
“We are moving Nigeria beyond an extractive oil economy to one focused on value creation. By refining locally, integrating upstream resources, and building an industrial hub, we are laying a sustainable foundation for long-term economic growth,” Mr. Isa said.
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