Thirty-two refinery project licences issued to private
investors in the country have become invalid in the past three years, according
to the Department of Petroleum Resources.
The DPR said on Monday that the number of valid refinery
project licences stood at 23 as of March 2021, down from 44 in April 2018.
An analysis of the agency’s new list of valid refinery
project licences and that of April 2018 showed that 32 licences had become
invalid while 11 new licences were granted between May 2018 and March 2021.
As of April 2018, there were 38 proposed modular refineries with capacity ranging from 5,000 barrels per stream day to 30,000bpsd, and six conventional plants with a total capacity of 1.35 million bpsd.
The DPR had said then that 20 of the licences were active,
adding that 24 of the licence holders were still sourcing funds, although most
of the licences had expired as of April 2018.
The agency’s updated list showed that the construction of
four modular refineries, with a total capacity of 23,000bpsd, had been
completed.
The refineries are Waltersmith Refining & Petrochemical
Company Limited in Imo State, OPAC Refineries in Delta, Niger Delta Petroleum
Resources (Train 3) in Rivers, and Edo Refinery and Petrochemical Company
Limited in Edo.
The biggest refinery project, which is being built by
Dangote Oil Refinery Company in Lagos, is more than 80.3 per cent completed,
according to the DPR.
The refinery projects whose licences were declared invalid
by the agency include BUA Refinery & Petrochemicals (Akwa Ibom); Dee Jones
(Cross River); Energia Limited (Delta State); Southfield Petrochemical &
Refinery Ltd (Edo); Starex Petroleum Refinery (Onne Oil & Gas Free Trade Zone);
RG Shinjin Petrochemicals (Delta); Don Mac (Edo), and Platinum Hydrocarbon
Resources (Delta).
Others are Mondonat Nigeria Ltd (Delta); Ikwe-Onna Refinery
(Akwa Ibom); Shepha Petroleum & Petrochemicals Company (Delta); JIL-Amber
(Port Harcourt Refinery); Gazingstock Petroleum Company (Delta); Petrolex Oil
& Gas Limited (Ogun); Eghudu Refinery (Edo); Ibafon Refinery FZE (Calabar
FTZ, Cross River); and Kainji Resources (Imo).
Among them are Eko Petrochem & Refining Company (Lagos);
Hi Rev Oil (Akwa Ibom); Epic Refinery & Petrochemical Industries (Bayelsa);
Masters Energy Oil & Gas (Rivers); Cross Country Oil & Gas (Imo);
Grifon Energy (Ondo); Sifax Oil & Gas Company (Lagos); and Capital Oil
& Gas Industries (Lagos);
Others are All Grace Energy (Rivers); Green Energy International
(Rivers); Fresh Energy Limited (Bayelsa); Chyzob Oil & Gas (Abia); Aiteo
Energy Resources Limited (Delta); Associated Worldwide Company (Akwa Ibom); and
Amakpe International Refinery (Akwa Ibom).
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