News

THREE MODULAR REFINERIES SET TO BEGIN OPERATIONS IN NIGERIA BY 2019

Published: 28 Dec 2018

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said there are strong indications that three out of the 40 planned modular refineries would come on stream by end of 2019.

Kachikwu disclosed this at the three-day Biennial International Conference for Health, Safety and Environment (HSE) organized recently by Department of Petroleum Resources (DPR) in Lagos.

“Out of the 40 licenses issued, only 10 have shown progress by submitting their programmes and putting something on the ground. By end of 2019, we are assured that three private modular refineries would come on stream,’’ he said.

The establishment of modular refineries is one of the key policies of the present Nigerian Government to resolve agitation in Nigeria’s oil-rich Niger-Delta region. The government hopes to use the modular refineries to stop illegal refining of crude and also create employment and wealth amongst the host communities of the Niger-Delta.

Olayinka Alao

Firm: Renaissance Practice
Country: Nigeria

Practice Area: Energy & Natural Resources

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