The Federal Government through the Nigerian Midstream and Downstream Petroleum Authority has issued licences for nine modular refineries.
The Chief Executive of NMDPRA, Farouk Ahmed, said this on Monday at the 2024 Oil Trading & Logistics Africa Downstream Energy Week in Lagos.
He said the licences were issued under President Bola Tinubu’s administration in the past year. According to him, Nigeria’s refining capacity has been increasing under the current administration, especially with the Dangote refinery coming on stream.
He said the NMDPRA issued nine licences to establish modular refineries, seven licences to construct, and four licences to also operate modular refineries.
“Over the course of the last year, the NMDORA has revised and consolidated its regulations through strategic industry stakeholder engagements with a view to streamlining the regulatory framework for ease of doing business and compliance. This is complemented by the issuance of relevant guidelines on automation for processes to strengthen regulatory clarity and enhance compliance.
“Our refinery sector has been expanding rapidly with the issuance of nine licences to establish, seven licences to construct and four licences to operate modular refineries,” he stated.
