BusinessHighlight

Lee Engineering Signs Fabrication Deal With VDL KTI Of Belgium

586
Lee Engineering, on Monday, signed a major partnership deal with VDL KTI of Belgium for oil and gas equipment fabrication.
The Belgian company is a global leader in the fabrication and manufacturing of oil and gas equipment.
The deal according to the Chairman and chief executive officer of Lee Engineering Chief (Dr) Lemon Ikpea, will focus on the fabrication of major oil and gas equipment, manufacturing of heat exchanges, pressure vessels, process skids, tanks and other oil and gas process equipment in Nigeria.
Ikpea said with the new partnership, Lee Engineering will manufacture all the listed oil and gas equipment in its Ultra Modern facility in Warri, Delta state “in line with the Nigerian content aspirations”.
“This is a major achievement for us in Lee Engineering” Ikpea said adding that “with this new deal, we are determined to give Nigeria and the international community the best. Going forward, Nigeria will save millions of dollars in foreign exchange because what we are importing before now would be fabricating and manufactured right on our door steps. We are really pleased with this new deal”.
Speaking further on the agreement, the Lee Engineering boss said the deal will further strengthen the local content development policies in Nigeria, for which “we are a major pathner”.
Lee Engineering Warri fabrication plant which was established in 2018 cost over a $100 million.

Leave a comment

Related Articles

WAFCON 2024: Super Falcons Annihilate Zambia 5-0 in WAFCON Quarterfinals

The Super Falcons of Nigeria delivered a ruthless performance, annihilating the Copper...

I did BBL for myself, not for fashion or men – Temitope Solaja

Nollywood actress, Temitope Solaja, has opened up about her decision to undergo...

Why love fails behind closed doors – IK Ogbonna

Nollywood actor IK Ogbonna, who has largely stayed off the radar when...

PSN Newsrun: Nigerian Military rejects N13.7Million bribe

  The Presidential Compressed Natural Gas Initiative (PCNGI) debunks Premium Times report...

Tinubu Appoints IBB’s Son as Chairman of Bank of Agriculture

President Bola Tinubu has announced a series of appointments, including Mr. Muhammad...

₦1m Up for Grabs: NSC Rewards Team Nigeria for Gold Medalists at CAA

The National Sports Commission (NSC) has announced cash rewards for Team Nigeria...

Buhari’s Appointees Bypassed Me to Send Memos, ex-CoS Gambari Reveals

Prof. Ibrahim Gambari, the former Chief of Staff to President Muhammadu Buhari,...

Reject Nnamdi Kanu’s no-case submission, FG urges court

The Federal Government on Friday urged the Federal High Court in Abuja...

Just in: Senator rejects call for new constitution, backs targeted amendments

As national discussions continue regarding the future of Nigeria’s 1999 Constitution, Sen....

Strike: Contributory Pension Scheme’s Full Implementation Begins July 2025 – Gov. Abiodun

As the workers strike enters the third day, Ogun Gov. Dapo Abiodun...

Controversy Trails Renaming of University of Maiduguri After Buhari

A significant controversy is brewing following the federal government’s decision to rename...

Historic Sweep at CAA U18/U20 Championships: Nigeria Dominates Women’s 100m

Nigeria has achieved a historic first at the African Junior Championships, becoming...

Tinubu Launches South-East Investment Initiative to Boost Industrial Growth

President Bola Tinubu has given executive approval for the creation of the...

Iraq Drone Attacks and EU Sanctions Spark Oil Price Surge Amid Weekly Loss

Oil prices edged higher on Friday, despite heading for a small weekly...

PCNGI Dismisses Media Report, Recommits to Transparency, Development

By Joycelyn Ellakeche Adah The Presidential Compressed Natural Gas Initiative (PCNGI) has...

Rap Legend Snoop Dogg Joins Swansea City Ownership Group

By Samuel Akpan with agency report American rapper Snoop Dogg has become...

Tragedy in FCT: 3-Year-Old Boy Dies in Septic Tank Accident, Suspect Arrested

For his alleged criminal negligence which resulted in the tragic drowning of...

Adekunle Gold Rewards First-Class Graduates with ₦250K Each, Excludes OAU Students

Nigerian Afro-pop star Adekunle Gold has sent shockwaves across social media after...

NELFUND Unveils Centralized Job Portal to Aid Graduate Employment

The Nigerian Education Loan Fund (NELFUND) announced that it will launch a...

Yahaya Bello Takes Fourth Wife, Hiqma, Amid Money Laundering Trial

Immediate past Kogi State Governor, Yahaya Bello, quietly married his fourth wife,...