President Bola Tinubu‘s government has granted a license to establish a new refinery through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
This license has been awarded to MRO Energy Limited, an energy firm, for the construction of a refinery with a capacity of 10,000 Barrels Per Stream Day to be located in Imode, Ughelli, Delta State.
News360 Info reports that this announcement follows the previous issuance of a license to Process Design and Development Limited two months ago, allowing for the creation of a new refinery with a capacity of 27,000 barrels per day in the Dole-Wure area of Akko, Gombe State.
In a statement posted on its official X account on Tuesday, the authority noted, “The Authority Chief Executive, Engr. Farouk Ahmed, presented a License To Establish a 10,000 Barrels Per Stream Day Refinery at Imode in Ughelli, Delta State, to MRO Energy Limited.”
This recent development indicates that Nigeria now officially possesses approximately 11 modular and conventional refineries, thereby enhancing the nation’s refining capabilities.
Earlier this month, the Petroleum Products Retail Outlets Owners Association of Nigeria announced a partnership aimed at establishing a new refinery with an initial capacity of 50,000 barrels per day.
Nevertheless, despite the increase in the number of refineries, many remain inactive, with several not operating at full capacity or efficiency.
The Nigerian Upstream Petroleum Regulatory Commission has set a target of 770,500 barrels of oil per day for domestic refineries.
