Clarivo Oil and Gas has unveiled plans to develop a domestic refinery as part of its long-term strategy to reduce Nigeria’s dependence on imported petroleum products by 2035. The announcement came during a board meeting chaired by the company’s Chairman, Chief Obidike Chukwuebuka, where strategic decisions on the company’s investments in the energy sector were reviewed.
Speaking with journalists, Chief Obidike described the proposed refinery as a cornerstone of Clarivo’s efforts to expand local refining capacity, strengthen energy security, and add value to Nigeria’s crude oil resources. He emphasized that the initiative aligns with national goals to curb fuel importation, conserve foreign exchange, and generate employment across the oil and gas value chain.
“The refinery project is part of our commitment to support Nigeria’s journey toward energy independence,” Chief Obidike said. “It is designed to contribute to sustainable economic growth and industrialisation by 2035.”
The planned facility is expected to process crude oil for domestic consumption, with potential to serve export markets within the West African sub-region. In addition, Chief Obidike highlighted that the project could stimulate growth in related sectors, including engineering, logistics, and petrochemical services.
He also confirmed that feasibility studies and regulatory engagements are currently underway, reaffirming that the refinery remains a central pillar of Clarivo Oil and Gas’ expansion plans and its contribution to Nigeria’s industrial and economic development.
By investing in local refining capacity, Clarivo aims to play a strategic role in reducing Nigeria’s reliance on imported fuel, strengthening energy security, and creating economic opportunities across the nation’s oil and gas ecosystem.