The Department of Petroleum Resources (DPR) granted licences to 14 private investors to build refineries in the country last year.
The agency disclosed this in its latest report on the list of valid refineries obtained by Ripples Nigeria on Sunday.
The 14 refineries, according to DPR, have the capacity to refine 362,000 barrels of oil per day, (bpd).
This was in addition to the 579,000 bpd capacity refineries approved by DPR between 2017 and 2019.
The report revealed that the refineries are to be located in four states.
These are – Delta (7), Bayelsa (3), Akwa Ibom (3) and Ogun (1).
Ripples Nigeria gathered that out of the 14 investors, three got the Licences to Establish (LTE).
This means that DPR has approved and confirm their proposed project, market plan, products specifications and site selection of proposed crude oil.
10 investors got the Approval to Construct (ATC), a licence that gives the investors a period of 24 months to record at least 50 percent mechanical erection otherwise the revalidation of the approval to construct refineries will become necessary.
The remaining investor got the Approval to Relocate (ATR) licence, meaning the investor can relocate and construct its refinery in Nigeria.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: Lack of legal provisions, cultural sentiments fueling marital r*pe in Nigeria
By Arinze Chijioke In the early days of Sandra Izuckukwu’s marriage in 2019, her husband, Sunday Izuchukwu, did everything she...
INVESTIGATION… LIVES ON THE LINE (IV): Surviving in a dangerous media environment
This investigation is on the unresolved killing of three Nigerian journalists while on assignments between 2019 and 2020. For six...
INVESTIGATION… LIVES ON THE LINE (III): Precious Owolabi was killed covering a protest
This investigation is on the unresolved killing of three Nigerian journalists while on assignments between 2019-2020. For six months, Nigerian...
INVESTIGATION… LIVES ON THE LINE (II): Alex Ogbu was telling a story but became the story
This four-part series investigation is on the unresolved killing of three Nigerian journalists while on assignments between 2019 and 2020....
SPECIAL REPORT… TELECOMS BLACKOUT: Nigeria’s latest tactic against banditry grounds businesses, forcing residents beyond borders
The fight against notorious bandits raining terror and kidnapping students in Northwest Nigeria took a new dimension in September as...