The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted refining licenses to three companies to establish new refineries in Edo, Delta, and Abia states.
According to an official statement by NMDPRA, the newly approved refineries include a 100,000-barrels-per-day (bpd) facility for Eghudu Refinery Ltd in Edo State, a 30,000-bpd refinery for MB Refinery and Petrochemicals Company Ltd in Delta State, and a 10,000-bpd refinery for HIS Refining and Petrochemical Company Ltd in Abia State.
The regulatory body stated that the combined refining capacity of the three refineries will add 140,000 bpd to Nigeria’s domestic production upon completion. The licenses were formally presented to the managing directors of the recipient companies by NMDPRA’s Authority Chief Executive, Engr. Farouk Ahmed.
Nigeria currently has nine operational refineries, including the Dangote Petroleum Refinery and Petrochemicals FZE, Warri Refinery, Kaduna Refinery, and Port Harcourt Refinery. Despite a combined refining capacity of 974,500 bpd, many of these refineries are not operating at full capacity.
With the newly approved refineries, the Nigerian government aims to boost domestic refining capacity and reduce the country’s
