28/07/2023
*UTURKPORO OIL AND GAS COMPANY FOR OUTRIGHT SALE*
*A fully functional Refinery & petrochemical Company.*
Land size: 3,556hectares
It's a 100,000 barrels per day capacity!
Total Price :- $300 millions USD net.
NOTE:- ππππππ
The proof of availability of fund or bank comfort letter
The commitment to paid facilitator fees
Meeting with stake Holder and arrangement for inspection
The refinary is functional
The license for the refinary fees is within the selling price, also inclusive is the license fees for Petrochemical plant
The location is Delta State
The refinary is brand new one
It is set up to process or refined crude oil to PMS , HGO, and DPK and other by product
It has capacity to process 100,000 per barrel of Crude oil per day
It has refinary license from regulatory agency and still subsisting
It has Petrochemical plant and gas plant and license
The title document is certified of occupancy
The source of crude oil supply is NNPSC .
Procedure to follow for the conclusion of refinery
Letter of intent indicating the intereste of the buyer on the refinary
Offer letter will be sent by the owner of the said refinary and if other detail of the buying company are needed , it will be indicated therein .
Acceptance of offer will be reply by the buyer
Having been received by the seller a day for inspection will be fixed preceding the day of inspection, a meeting will be arranged
The facilitators to discuss and all the necessary documents binding their part will be signed
The facilitators who we be part of inspection team will be chosen on the inspection day, the buyer, the seller and all the teams members meet briefly and the buyer formally introduce to the seller after the meeting ,as the case maybe or the team members or the selected few move to the company site for inspection.
Payment made to the seller and all the parties as prepared in the document
All logistics of those that we going for the inspection shall be sponsored by the buyers,
πIf your buyer can not comply with the procedure please don't ask for the LOI address.