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Thirty-two refinery project licences issued to private investors in the country have become invalid in the past three years, according to the Department of Petroleum Resources.
The DPR said on Monday that the number of valid refinery project licences stood at 23 as of March 2021, down from 44 in April 2018.
An analysis of the agency’s new list of valid refinery project licences and that of April 2018 showed that 32 licences had become invalid while 11 new licences were granted between May 2018 and March 2021.
As of April 2018, there were 38 proposed modular refineries with capacity ranging from 5,000 barrels per stream day to 30,000bpsd, and six conventional plants with a total capacity of 1.35 million bpsd.
Vanguard News
Lack of funds, feedstock, hinder construction of 32 refineries
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By Udeme Akpan, Energy Editor
AS Nigeria continues to record high level of expired refinery licences, experts, Tuesday, identified lack of funds and feedstock, as factors militating against the construction of new plants.
The experts, who expressed their positions in different interviews with Vanguard, said such investors have the right to reapply for the renewal of their licences.
Specifically, in an interview with Vanguard, Lead Promoter, EnergyHub Nigeria, Dr. Felix Amieyeofori, said: “The investors encounter many problems, including lack of funds and feedstock. But the good thing about it is that they have the right to reapply.”
Berkeley Energia Limited ( Berkeley or the Company ) notes media reports following a meeting of the Commission of Ecological Transition of the Parliament in Spain ( Commission ) held on 8 April 2021, that discuss the Commission s approval of an amendment to the draft climate change and energy transition bill relating to the investigation and exploitation of radioactive minerals (e.g. uranium). Berkeley understands the Commission reviewed and approved the modified amendment proposed by the Ecological Transition Ponencia ( Ponencia ) in February 2021 (see announcement dated 24 February 2021) however, the Company awaits publication of the detailed text of the approved amendment to confirm this. · New applications for exploration, investigation or direct exploitation concessions for radioactive materials, nor their extensions, would not be accepted as of the entry into force of this law.
Berkeley Energia Limited (via Public) / Issue of shares on exercise of unlisted options publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
Berkeley s focus continues to be on progressing the approvals required to commence construction of the Salamanca mine and bring it into production. In August 2020, the Urbanism License ( UL ) was granted by the Municipality of Retortillo under the terms established in the Urbanism Law and Urban Planning Regulations of Castilla y León. The UL is a land use permit needed for construction works at the Salamanca mine. The grant of the UL was a significant permitting milestone for Berkeley and a positive step in the development of the project. Following the grant of the UL, the Company received formal notification from the Ministry for Ecological Transition and the Demographic Challenge ( MITECO ) that it had been granted the renewal of the Initial Authorisation for the uranium concentrate plant as a radioactive facility at the Salamanca project ( NSC I ) until there is a resolution on the Authorisation for Construction for th