The Nigerian government has issued 47 Licences to Establish (LTE) and 30 Licences to Construct (LTC) refineries in 12 months.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed that the move is significant towards boosting Nigeria’s refining capacity and ensuring product availability.
The NMDPRA’s chief executive, Farouk Ahmed, stated this recently, saying that the 47 licences have a combined refining capacity of almost three million barrels daily.
He said the authority issued 47 LTE licences, amounting to 1.75 million barrels per day and 30 LTC approvals totalling 1.23 million barrels, adding that only four plants hold LTC with a steady production of N27,000 barrels per day.
The NMDPRA boss said that the LTC projects include five, already at the commissioning or construction stages, including the Dangote Petroleum Refinery with a 650,000 bpd-capacity.
Other smaller projects are AIPCC Energy’s 30,000 barrels per day facility and Waltersmith’s second train, which has a 5,000 barrels per day capacity.
The Sun reports that the NMDPRA’s chief highlighted the current refining operations in Nigeria, stating that six licenced private refineries and four public ones currently produce 1.12 million barrels per day.
Other private facilities contribute 679,500 barrels per day, led by the mega Dangote Refinery, with a 650,000 barrels per day capacity.
Other refineries
Ahmed said:
The petroleum regulator chief added that the ongoing efforts aim to expand domestic refining capacity to boost economic growth via job creation and energy security.
The authority’s recent approvals also include modular refineries in Edo, Delta, and Abia states, which will add 140,000 barrels per day when completed.
TimesNow.com.ng earlier reported that the Federal Executive Council (FEC) has officially directed the complete application of the collapsed naira-for-crude agreement with local refineries.
The Ministry of Finance revealed this on its X handle as it provided an update on the crude and refined product sales in the naira scheme on Wednesday, April 9, 2025.
TimesNow.com.ng earlier reported that the first phase of the naira-for-crude deal between the Nigerian government, the Nigerian National Petroleum Company Limited (NNPC), and the Dangote Refinery elapsed on March 31, 2025.
Source: TimesNow.com.ng
