Investment opportunities in the Oil Industry and Natural Gas is available in Imo State in large and commercial quantities and offers inherent opportunities for would be investors in gas production, transmission and distribution.
Interested investors can apply through ISIPA to the Ministry of Petroleum Resources for appropriate licenses to prospect for and produce natural gas. This is a highly capital intensive business and local investors can establish joint venture arrangements with foreign partners to finance such business. The Nigerian Gas Company has almost a “defacto” monopoly in gas transmission but it is open to joint venture proposals from third parties for specific project.
• Crude Oil prospecting/exploration and production
• Establishment of oil Refineries
• Establishment of Petrochemical industries
• Establishment of Mid-Stream Gas Plants
• Investments in Independent Power Plant for utilization of abundant, associated and non-associated gas in the State, which are being currently flared
• Maintenance of sustainable environment
• Establishment of fertilizer urea plant