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SUBSIDIARY NAME
PETROLEUM REFINERY ESTABLISHMENT
COUNTRY
CROSS RIVER STATE, NIGERIA
SECTOR/ INDUSTRY
OIL AND GAS
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 16, 2022
ACQUISITION VALUATION
25 BILLION
TOTAL ASSET VALUATION
250 BILLION
ENERGY-OIL-REFINERY-GAS
PETROLEUM REFINERY ESTABLISHMENT by MR. ERNEST EDU acquired on August 16, 2022 for establishment of canaan gate petroleum refinery and its allied projects.
It is a petroleum refinery outfit to refine two hundred thousand PSPD and other allied plants such as fertilizers, petrol-chemical, independent power plant and gas-to-liquid plants In Adadama Abi L.G.A, Cross River State.
