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LequteMan
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Nigeria- President Goodluck Jonathan has approved the establishment of a modular refinery initiative to ease local supply of petroleum products, especially household kerosene (HHK), which does not require sophisticated technology to produce, Thisday says.
Nigeria’s four refineries, with combined capacity of 445,000 barrels per day have long been operating well below optimum capacity as they are in different states of disrepair.
This is coming 12 years after the Federal Government granted licenses to private investors to build 18 refineries without any success.
Speaking recently at the 16th biennial conference on Health, Safety and Envrionment (HSE) organised by the Department of Petroleum Resources (DPR), the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke said aspiring modular refinery operators would be scrutinised and granted license to install and operate such facilities.
She says FG believes the short project cycle, low cost and flexibility for establishing modular refineries would encourage proper investment in refinery operation and minimise crude oil theft and operation of artisanal refineries.
She added that several financial institutions had been approached to assist operators in the funding of the initiative, and that the regulatory agency would soon roll out the details of the programme
#Nigeria
Nigeria’s four refineries, with combined capacity of 445,000 barrels per day have long been operating well below optimum capacity as they are in different states of disrepair.
This is coming 12 years after the Federal Government granted licenses to private investors to build 18 refineries without any success.
Speaking recently at the 16th biennial conference on Health, Safety and Envrionment (HSE) organised by the Department of Petroleum Resources (DPR), the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke said aspiring modular refinery operators would be scrutinised and granted license to install and operate such facilities.
She says FG believes the short project cycle, low cost and flexibility for establishing modular refineries would encourage proper investment in refinery operation and minimise crude oil theft and operation of artisanal refineries.
She added that several financial institutions had been approached to assist operators in the funding of the initiative, and that the regulatory agency would soon roll out the details of the programme
#Nigeria
