‘Chevron, Shell pulled out of OKLNG project due to Dangote’s expertise’

Ogun State Governor, Ibikunle Amosun, has disclosed that Chevron and Shell Petroleum pulled out of the Olokola Liquefied Natural Gas (OKLNG) project under the Olokola Free Trade Zone due to the expertise and investment Dangote Group is bringing into the project.
Amosun said the massive investment and expertise which the indigenous investors, such as Aliko Dangote, Jim Ovia and others, are planning for Olokola FTZ sent the foreign investors away.
Amosun, who spoke with newsmen on Monday in Abeokuta shortly after the Ogun Elders’ Consultative Forum paid him a courtesy call at his Oke-Mosan, Abeokuta Office, declared that by October the refinery and petrol-chemical project would commence in full force.
He added that other investors, including Jim Ovia, are planning to build fertiliser and amonia plants as well as refinery, explaining that about 90 per cent of what had been done in Olokola FTZ falls under Ogun State, but confirmed that Ondo State is also playing its role accordingly.
His words: “may be you don’t understand this; not only Chevron, there are about four and five parties and because they realised that nothing was happening then and now, they realise, yes Alhaji Aliko Dangote and us as a state that some of the people that are there have actually been bought over, that I can confirm to you.
“And what will Chevron be doing there when, of course, there are big players as well, the gentleman that is building the refinery is not a novice; he will get the best in the world to come and build it and it’s like what he is doing is a direct competition with Chevron, so if he is doing it, so how?
“Look at the quantum of money being invested there; it is even far more than, probably more than ten times what Chevron wanted to invest there.
“Let me even be modest and say that almost all 90 per cent of what is being done now in Olokola falls directly within Ogun State. If you look at the bigger picture, it is between Ogun and Ondo states, but not that probably we will still not go and may be do phase two with Ondo State.
“But as we speak today, the deep seaport, the fertiliser and amonia, everything that Dangote wants to do is in Ogun State and I’m sure by October, we should be there and the refinery will commence. Dangote is partnering with us, but it is not Dangote alone, I am aware that Mr. Jim Ovia is bringing in Amonia to the site, fertilizer is coming, some people are building; it is a whole lot of things that are coming”, Amosun added.

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