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The Department of Petroleum Resources (DPR) has disclosed that delivery of Dangote Refinery, Lekki, Lagos is currently at about 80 per cent ready for production.
A recent presentation of the federal agency averred further that about 32 refinery project licences issued to private investors in the country have become invalid in the past three years.
DPR revealed 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.
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