The Department of Petroleum Resources (DPR) has said that 28 investors, including BUA Refinery & Petrochemicals Limited, have active refining licences.
Recalls that a media report on Tuesday said that 32 refinery licenses issued to private investors in the country had become invalid in the past three years as they were missing on the updated list of valid licences as of March 2021.
The DPR, in a new list as of April 2021 published on its website on Tuesday, said 28 licences were active while 29 were inactive.
According to the website, refineries with active Licence to establish are BUA Refinery & Petrochemicals, Ogini Refinery Limited, Excel Exploration & Production, Lowrie Refinery Limited, NPDC/ND WESTERN OML 34 JV, Ogini Refinery, Eghudu Refinery and Kingdom Global Trading Petroleum & Gas Nig.
It said the 20 refineries with active Approval to Construct/Relocate include Dangote Oil Refinery Company, OPAC Refineries, Waltersmith Refining & Petrochemical Company, Niger Delta Petroleum Resources, Edo Petrochemical Refinery, Etopo Energy Plc, Resource Petroleum & Petrochemicals International Incorporated, Duport Midstream and Conodit Refinery Nigeria.
The list on the website said others are Lowrie Refinery, Excel Refinery, Gasoline Associates International, Frao Oil Nigeria, Alexis Refinery, Allegiance Energy and Power, Atlantic International Refineries and Petrochemical, Amakpe International Refinery Inc, Gazingstock Petroleum Company, Azikel Petroleum, and Clairgold Oil & Gas Engineering.
The DPR said that companies whose refinery project licences had become inactive could reapply for revalidation.
Read Also:DPR seals 2 filling stations, sanctions 8 for fuel diversion in Kano
The agency, in a statement on Tuesday by its Head of Public Affairs, Mr Paul Osu, said, “We wish to clarify that DPR did not revoke any refinery licence. Refinery licence, like our other regulatory instruments, have validity periods for investors to attain certain milestones.
“This implies that after the validity period for the particular milestone, the licence becomes inactive until the company reapplies for revalidation to migrate to another milestone. This does not in any way translate to revocation of the licence of the company.”
The agency said it would continue to provide support to investors in the oil and gas industry in Nigeria using its regulatory instruments of licences, permits and approvals to stimulate the economy and align with the government’s job creation initiatives.
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