3 modular refineries to begin operations in 2019 — Kachikwu

The minister of state for Petroleum Resources, Ibe Kachikwu, has said there are strong indications that three out of the 40 planned modular refineries would come on stream by end of 2019.

Mr Kachikwu disclosed this at the three-day Biennial International Conference for Health, Safety and Environment, HSE, organised by Department of Petroleum Resources, DPR, in Lagos on Monday.

“Out of the 40 licenses issued, only 10 have shown progress by submitting their programmes and putting something on the ground.

“By end of 2019, we are assured that three private modular refineries would come on stream,” he said.

The minister said the conference was a forum for pooling ideas and research findings for the incubation of enduring and game-changing oil and gas policy initiatives.

“Perhaps this edition of the conference could not have come at a better time, first to allay the popular fear that the days of oil and gas as an international commodity and energy source are over.

“And secondly, to stimulate new ideas on sustainable ways of developing this resource in a manner that will both prolong its acceptability as an energy source and also help the nation reap optimal benefits,” he said.

Source:- DailyNigerian