Ten modular refineries nearing delivery in Niger Delta— HOSCON boss, Emuh
Rising from the recently concluded Annual General Meeting of the Host Communities of Nigeria Producing Oil and Gas (HOSCON), the National Chairman Dr Mike Emuh, has revealed that not less than 10 purpose built modular refineries will come on stream…
Two completed modular refineries for inauguration this week in N’Delta
Two out of the 43 modular refineries licensees have completed construction activities in Niger Delta and ready for inauguration before the end of this week. A credible source in the Ministry of Petroleum Resources, confided in Business Hilights Abuja Bureau…
Subsidy hobbling investors’ in refining as daily fuel usage jumps to 56m litres
Happenstances in the nation’s downstream petroleum sector seem to be disproving every known economic and investment principles. This was the submission of leading industry analyst, Dr Bala Zaka in an interview. He said with the huge market for refined products…
Is funding really key challenge of modular refinery licencees as BoI gets $500m?
For more than three years, several licencees of Modular refineries have failed to show seriousness in rolling out furnace and other key infrastructure in readiness to production having been granted licencees on the basis of the criteria listed for licence…
Using contractor-financing model, NNPC set to name refineries’ renewal bid winners
The Nigerian National Petroleum Corporation (NNPC) has given fresh indications that strong arrangements are in top gear to meet the national target of ending fuel import come 2019. Speaking as a special guest of honour at the Offshore Technology Conference…
‘Lack of clear incentives for prospective investors’ frustrating modular refineries idea’
Apart from mere granting of licences, industry experts have started advising the government to go beyond issuance of licences to provision of attractive incentives to prospective investors in the new idea of modular refineries. Many of the experts said it…
Delta joins Bayelsa State, announces plan to build 30,000bpd modular refineries
Less than 48 hours after former President Olusegun Obasanjo was a special guest of honours at the flag off of construction activities at Aziken Refinery in Yenagoa by the State Government, the Delta State Government has announced it would commence…
Finally, Presidency approves 2 modular refineries in each 9 N’Delta states
Fresh relief is underway for the nine oil producing states as the Presidency on Thursday said each of the Niger Delta states would host two modular refineries under the Federal Government’s programme to discourage the rising trend of illegal refineries…
