Nigeria to Get Three New Refineries as FG Approves Immediate Construction

Israel Adeleke

OPEN TELEVISION NAIJA (OTN) News reports that the Federal Government, via the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), has announced the approval of licences for the construction of three new refineries.

OTN News further reports that the NMDPRA, who disclosed this in a post on its official X handle late this week, said that the new facilities will add 140,000 barrels per day to Nigeria’s domestic refining capacity.

According to the statement, a 100,000 bpd refinery license was granted to Eghudu Refinery Ltd in Edo State, and a 30,000 bpd refinery license was granted to MB Refinery and Petrochemicals Company Ltd in Delta State.

Furthermore, the third company, HIS Refining and Petrochemical Company Ltd, got a 10,000 bpd refinery license to refine petroleum products in Abia State.

It reads, “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.

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

OTN News recalls that earlier this year, the authority gave a license approval to MRO Energy Limited, an energy company for the construction of a 10,000 barrels per stream day refinery at Imode In Ughelli, Delta State.

This development comes two months after the authority granted a licence to Process Design and Development Limited to establish and construct a new 27,000 barrels per day refinery in Dole-Wure, Akko area of Gombe State.

The latest development however, signifies that Nigeria now has about 14 modular and regular refineries, adding to the nation’s refining capacity.