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NRL posts Rs1.7bn profit National Refinery Ltd (NRL) posted PAT of Rs1.7bn during the quarter ended March 31, 2021 as compared to loss of Rs5.1bn in the same period 2020. Gross profit stood at Rs2.87bn as compared to loss of Rs5.459bn. Attock Petroleum Ltd (APL) posted a pat of Rs1.5bn during 1QCY21 as compared to loss of Rs710m in the same period 2020. Company’s sales plunged to Rs53.5bn from Rs58.5bn in the above period. DGKC makes Rs2bn profit D.G. Khan Cement Ltd reported a PAT of Rs2bn during January-March 2021 as compared to loss of Rs1bn in the same period last year. Sales swell...

The regulatory body added that 28 licences were active while 29 were inactive. Refineries with active licence to Establish are BUA Refinery & Petrochemicals, Ogini Refinery Limited, Excel Exploration & Production, Lowrie Refinery Limited, NPDC/ND WESTERN OML 34 JV, Ogini Refinery, Eghudu Refinery and Kingdom Global Trading Petroleum & Gas Nig. The 20 refineries with active Approval to Construct/Relocate include Dangote Oil Refinery Company, OPAC Refineries, Waltersmith Refining & Petrochemical Company, Niger Delta Petroleum Resources, Edo Petrochemical Refinery, Etopo Energy Plc, Resource Pet...

Views: 181 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 capaci...

Vanguard News Lack of funds, feedstock, hinder construction of 32 refineries On Kindly Share This Story: 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: ...

REFINERY NEWS ROUNDUP: More closures likely in Asia-Pacific After two refineries in Australia have announced plans to close, Ampol, formally known as Caltex Australia, said it will complete the comprehensive review of its Lytton refinery by the end of H1 2021, which would provide an indication on the refinery’s future. The company has said previously that “the review will consider all options for the facility’s operations and for the connected supply chains and markets it serves.” Meanwhile refineries in India have ramped up runs but are still running below pre-pandemic levels. India�...