The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery.
The approval was given 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,
The authority in a post on its official X handle on Tuesday, said, “The Authority Chief Executive, Engr. Farouk Ahmed presented a Licence To Establish a 10,000 Barrels Per Stream Day Refinery at Imode In Ughelli, Delta State, to MRO Energy Limited.”
Earlier this month, the Petroleum Products Retail Outlets Owners Association of Nigeria announced a collaboration with its partners, which is set to establish a new refinery with an initial capacity of 50,000 barrels per day.
However, despite this increase in the number of refineries, most of them remain moribund, with many not functioning at full capacity or efficiently.
The Nigerian Upstream Petroleum Regulatory Commission has fixed 770,500 billion of oil per day for domestic refineries.
