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Duport Refinery Places Order For 100,000 Barrels Of Crude From Oza Oil Field Amid Obaseki’s Transformational Reforms
Duport Refinery Places Order For 100,000 Barrels Of Crude From Oza Oil Field Amid Obaseki’s Transformational Reforms....KINDLY READ THE FULL STORY HERE▶

CEO Of Decklar Resources Inc. Highlights Robust Performance Of Edo State Modular Refineries Amid Petrochemical Transformation
Decklar Resources Inc.’s Chief Executive Officer, Sanmi Fumuyide, has emphasized the impressive resilience of the two modular refineries in Edo State, attributing their continued success to Governor Godwin Obaseki’s sweeping reforms aimed at converting the state into a petrochemical hub. Both refineries have secured substantial standing orders for 300,000 barrels of crude oil from the Oza oil field, according to a press release issued earlier today in Benin City, the capital of Edo State.
Fumuyide disclosed that Decklar Resources Inc. and its partner, Millenium Oil & Gas Company Limited, which manages the Oza oil field, have confirmed these orders. In addition to the 200,000 barrels ordered by the Edo Refinery and Petrochemical Company Limited, Duport Midstream Company Limited has also requested 100,000 barrels of crude from the same field.
The modular refineries in Edo State are currently producing a range of products, including diesel, low pour fuel, and naphtha.
Mr. Fumuyide went on to reveal that the transportation of crude oil from the Oza Oil Field to the Edo Refinery and Petrochemicals Company Limited (ERPC) facility in Edo State has reached a cumulative volume exceeding 55,000 barrels. This includes 10,000 barrels delivered in 2022 under the initial sale and purchase agreement and over 45,000 barrels already delivered in 2023.
Under the terms of the 200,000 barrel agreement, invoices and payments are processed upon the delivery and offloading of each 5,000-barrel batch at the Edo refinery.
Furthermore, deliveries of crude oil from the Oza Oil Field to the Duport Midstream Company Limited (DMCL) refinery are ongoing, with nearly 13,000 barrels delivered to date. DMCL has entered into an agreement to purchase up to 100,000 barrels over the next 12 months.
Despite some permit-related delays in transporting crude to ERPC and DMCL refineries, Fumuyide expressed optimism that newly implemented government regulatory systems will streamline the permit issuance process, ensuring greater efficiency and timeliness in the future.
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