NMDPRA Issues Licences To Three Oil Companies To Construct Refineries

by Busola Aro

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it has issued licences to three oil companies to construct refineries.

In a post on X Friday, NMDPRA said the refineries would contribute 140,000 barrels per day (bpd) to Nigeria’s domestic refining capacity.

NMDPRA said Eghudu Refinery Limited will produce 100,000 bpd, MB Refinery and Petrochemicals Company Limited will produce 30,000 bpd, and HIS Refining and Petrochemical Company Limited will establish 10,000 bpd.

“The authority Chief Executive, Engr. Farouk Ahmed presented a License to Construct a 100,000 bpd refinery to Eghudu Refinery Ltd in Edo state, a License to Establish a 30,000 bpd refinery to MB Refinery and Petrochemicals Company Ltd in Delta state,and a License to Establish a 10,000 bpd refinery to HIS Refining and Petrochemical Company Ltd. in Abia state,” NMDPRA said.

“These licenses, which would add 140,000 barrels per day to Nigeria’s domestic refining capacity, were presented to the MDs of the companies.”

In August 2024, NMDPRA issued an operational licence to Edo Refinery and Petrochemical Company Limited, Ologbo, Edo state.

NMDPRA said the operational licence was the final stage of approval from the regulatory authority, as the plant can now fully operate as a refinery.

Source:- Thecableng

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