Clarivo Oil to Build World-Class Refinery in Calabar – CEO Obidike

Clarivo Oil & Gas Ltd, under the leadership of Chief Obidike Chukwuebuka, has unveiled plans to construct a world-class oil refinery in Calabar, a strategic development aimed at deepening Nigeria’s downstream petroleum sector and reducing the nation’s heavy reliance on imported refined fuels.

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Addressing journalists on the sidelines of a business engagement in Calabar, Chief Obidike described the refinery project as a critical investment that will position Nigeria for greater self-sufficiency in refined petroleum products and stimulate economic growth.

The facility is expected to leverage international expertise and cutting-edge technology through partnerships with global engineering, procurement, and construction (EPC) firms.

According to the company’s chief executive:

The refinery will be developed in phases, starting with comprehensive feasibility studies and front-end engineering design.

Subsequent phases will involve the construction of core processing units, followed by installation and commissioning of auxiliary systems.

The plant will incorporate state-of-the-art technologies including crude distillation, catalytic cracking, and hydrotreating units, enabling production of high-quality products such as petrol (PMS), diesel (AGO), and aviation fuel (Jet A1).

Chief Obidike said the phased approach allows for structured investment, risk mitigation, and alignment with international operational standards, which he believes will make Clarivo’s refinery globally competitive once operational.

The planned refinery is expected to:

Increase domestic refining capacity, boosting Nigeria’s ability to satisfy its own fuel demand and potentially export surplus products.

Enhance energy security by reducing vulnerability to global supply shocks and volatility in import costs.

Create jobs across engineering, construction, technical operations, logistics, and ancillary services.

Facilitate technology transfer and skills development through collaboration with experienced international partners.

Chief Obidike underscored that the project would contribute to broader efforts to revitalize Nigeria’s downstream sector, a move welcomed by both public and private stakeholders as the country pursues energy independence.

Clarivo Oil is currently finalizing agreements with foreign investors and technical partners who will provide both capital and specialised expertise for the project.

The refinery is projected to be completed and operational within five years, contingent on regulatory approvals and successful progression through the planned development phases.

Clarivo’s announcement aligns with a broader resurgence in Nigeria’s downstream oil landscape.

Recently, private sector investments, including major expansions at other refineries and proposed legislative support for local refining have underscored the government’s commitment to strengthening domestic refining capacity.

Industry initiatives aim to curb import dependence, preserve foreign exchange, and stabilize fuel supply across the country.