SUBSIDIARY NAME
MARRON BRASS OIL REFINERY
COUNTRY
NIGERIA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
May 15, 2022
ACQUISITION VALUATION
2.8 BILLION
TOTAL ASSET VALUATION
28 BILLION
ENERGY-OIL-REFINERY-GAS
MARRON BRASS OIL REFINERY: IIB-DG acquired MARRON BRASS OIL REFINERY on Apr 22, 2022, MARRON BRASS PETROLEUM is a privately owned Nigerian Company is interested in setting up a new petroleum Refinery in the country to be located in Bayelsa State in the south- west region of Nigeria. The refinery will be located on a 2, 086 acre plot of land acquired for this purpose at the village of Mbikri, Brass, Bayelsa State. MARRON BRASS REFINERY involves the design, acquisition, importation and installation of processing plant for the green refinery of 200,000 barrels of crude oil per day, estimated at an amount of $2.8 Billion.