Nigeria's authorities approved three refinery construction projects that will enhance the nation's processing capabilities up to 140,000 barrels daily. NMDPRA provided confirmation of approvals for these new refineries which will be built in important states of the nation.
Eghudu Refinery Ltd obtained government approval to build a 100,000 barrels per day (bpd) refinery facility in Edo State alongside Delta State-based MB Refinery and Petrochemicals Company Ltd operating with a 30,000 bpd capacity. A 10.000 barrel per day capacity refinery was authorized for HIS Refining and Petrochemical Company Ltd in Abia State.
Recent approvals have succeeded in reviving Nigeria’s refining sector according to new developments. The Government of Delta State issued MRO Energy Limited a license this year to construct a refinery which will process up to 10,000 barrels per day. The number of refineries functioning in Nigeria alongside those with operational licenses now amounts to approximately 14.
The increasing number of refineries does not result in operational expansion because multiple facilities operate either at lower than optimal levels or inactive status. Domestic refining companies protested against regulators by charging that they selected imported fuel over homegrown production for distribution. The incomplete use of refining facilities because of this issue restricts their ability to transform into their expected role regarding fuel distribution and pricing.
The government expects these recent approval decisions to enhance domestic petroleum processing and decrease reliance on imported fuels while solving persistent petroleum industry inadequacies. Members of the refining industry maintain their focus on both continuous crude oil delivery and operational excellence to establish enduring improvements.
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