ND Refineries Ltd (IFC-40755)

Countries
  • Nigeria
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
ND REFINERIES LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 6, 2020

Disclosed by Bank Jan 22, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

IFC’s financing is seeking to support Niger Delta Exploration & Production PLC (NDEP) in its expansion of the existing 1,000 bopd mini refinery (train 1) with two simple stage modular refining trains (trains 2 and 3), both of which have a capacity of 5,000 bopd per train (the “project”). The second train is complete and will be commissioned by end of 2019 with the third under construction. The NDRe refinery expansion has been undertaken utilizing modular refinery design, with the required equipment for the refinery having been designed, fabricated and assembled in the USA on skids and shipped to the NDRe site for inter-skid installation. Once completed, the mini refinery trains will process light crude sourced from the NDPR Ogbele asset at a capacity of 11,000 bopd broadening the NDRe current product portfolio from diesel to include gasoline, marine diesel, dual purpose kerosene, naphtha and heavy fuel oil.

The NDRe trains are located within the existing NDPR processing plant boundaries. The two closest residential communities are located approximately 2 kms and 3kms from the site respectively. There are no communities or settlements along the ~4.6km access road connecting the processing plant to the main highway.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ND Refineries Limited and Niger Delta Exploration & Production Plc contacts are:

Manager, HSE  

Tunde Alagbe

ND Refineries Limited  PLC

15, Babatunde Jose Road

Victoria Island, Lagos

Nigeria

tundealagbe@ngdelta.com

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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