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BUA, others with active refinery licences, ready to compete with Dangote

Department of Petroleum Resources said on Tuesday that 28 investors, including BUA Refinery & Petrochemicals Limited, have active refining licences.

32 refinery project licences 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 which was obtained from the DPR on Monday.

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.

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.

The 20 refineries with lactive 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.

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.

A former Minister of Interior, Capt. Emmanuel Iheanacho, has said investors that have been granted licences to build refineries in the country need sufficient time to do so.

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