Private firms to add 1.4mbpd to Nigeria’s refining capacity

The Department of Petroleum Resources (DPR) has said that licensed private refineries in the country have proposed combined refining capacity of 1,429,000 barrels of crude oil per day, while stressing that it has not withdrawn the license of any private refinery in the country, ThisDayreports.

DPR stated that there were currently 25 private refinery licenses granted to companies with 21 in the Licence to Establish (LTE) category, while four in the Approval to Construct (ATC) category.

“Furthermore, three of the 25 licensed companies are billed to construct conventional stick-build plants while 22 will construct modular units with a proposed combined refining capacity of 1,429,000 bpd,” the statement added.

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