According to a report from The Punch, The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved the construction of a new refinery in Delta State....CLICK HERE TO CONTINUE READING.>>
The license was issued to MRO Energy Limited for the establishment of a 10,000 barrels per stream day (BPSD) refinery in Imode, Ughelli.
Thank you for reading this post, don't forget to subscribe!This move aligns with ongoing efforts to boost Nigeria’s refining capacity.
Announcing the development on its official X handle, NMDPRA stated, “The Authority Chief Executive, Engr. Farouk Ahmed, presented a License to Establish a 10,000 Barrels Per Stream Day Refinery at Imode in Ughelli, Delta State, to MRO Energy Limited.”
Notably, a similar license was granted two months ago to Process Design and Development Limited for a 27,000 BPSD refinery in Gombe State.
Currently, Nigeria has approximately 11 modular and standard refineries, though many of them are either non-operational or underperforming.
To tackle the nation’s refining challenges, the Petroleum Products Retail Outlets Owners Association has collaborated with stakeholders to develop a 50,000 BPSD refinery.
Despite these efforts, Nigeria’s domestic refining target of 770,500 barrels per day remains unmet, highlighting the need for further progress in the sector.…..For More READ THE FULL ARTICLE HERE ▶▶
