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Nigeria started the business of oil refining with a simple hydro-skimming plant of 38,000 barrels per day (bpd) refinery built by Shell-BP, at Eleme, near Port Harcourt, in Rivers State in 1965. The plant was then wholly owned and operated by Shell-BP.
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: ...