FG approves construction of new refinery in Nigeria
Egalitarian Voice gathered that The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has approved the construction of a new refinery in Delta State.
This license was granted to MRO Energy Limited for the establishment of a 10,000 Barrels Per Stream Day refinery in Imode, Ughelli.
This approval is part of ongoing efforts to increase Nigeria’s refining capacity.
The authority in a post on its official X handle on Tuesday, said, “The Authority Chief Executive, Engr. Farouk Ahmed presented a Licence To Establish a 10,000 Barrels Per Stream Day Refinery at Imode In Ughelli, Delta State, to MRO Energy Limited.”
https://twitter.com/NMDPRA_Official/status/1881755580316229962?s=19
Just two months ago, a similar license was issued to Process Design and Development Limited for a 27,000 barrels per day refinery in Gombe State.
Currently, Nigeria has about 11 modular and standard refineries.
However, many of these facilities are either not operational or functioning below capacity.
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To address the nation’s refining challenges, the Petroleum Products Retail Outlets Owners Association recently partnered with other stakeholders to establish a new refinery with a capacity of 50,000 barrels per day.
Despite these initiatives, Nigeria’s domestic refining target remains at 770,500 barrels of oil per day, leaving room for significant improvement in the sector.
