# Azikel Group refinery development in Bayelsa

> Live situation record from CLSTR: https://clstr.news/situations/azikel-group-refinery-development-in-bayelsa
> Updated: 2026-10-15T05:58:13.000Z. Sources: 8. Developments: 2.

Former Nigerian President Olusegun Obasanjo participated in the inauguration of the Crude Distillation Unit (CDU) at the Azikel Group Refinery in Obunagha, Bayelsa State. The one-billion-dollar project, owned by Azikel Petroleum, is expected to produce 2.5 million litres of petrol and two million litres of diesel daily.

During the event, Obasanjo advocated for an increase in the 13 per cent derivation fund currently allocated to oil-producing states, arguing that the current amount is insufficient and that these communities have not received a fair deal. He also commended the Azikel Group and local leadership for their roles in the project, which officials expect will drive industrial growth and job creation in the region.

## Timeline

### 2026-10-15: Obasanjo inaugurates Azikel Group Refinery unit in Bayelsa

Former Nigerian President Olusegun Obasanjo inaugurated the Azikel Group Refinery’s Crude Distillation Unit in Bayelsa State, marking a key step toward the project's completion.

3 sources. https://clstr.news/cluster/obasanjo-inaugurates-azikel-group-refinery-unit-in-bayelsa

### 2026-10-12: Olusegun Obasanjo calls for higher oil derivation funds

Former President Olusegun Obasanjo advocated for increasing the 13 per cent oil derivation fund for Nigerian oil-producing states during the inauguration of the Azikel Refinery in Bayelsa.

5 sources. https://clstr.news/cluster/olusegun-obasanjo-calls-for-higher-oil-derivation-funds

---
Cite as: Azikel Group refinery development in Bayelsa. CLSTR, https://clstr.news/situations/azikel-group-refinery-development-in-bayelsa