Would you like to receive notifications on latest updates of the following headlines?

Dangote Refinery to Receive Valid Operating License Soon- FG

POSTED ON May 1, 2024 •   Business      BY Abiodun Saheed Omodara
Dangote Refinery l Credit: Dangote l Source: X

The Federal Government, On Tuesday, announced its plans to grant a fully valid operating license to the Dangote Petroleum Refinery, which has a capacity of 650,000 barrels per day.

This announcement was made during the Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations in Abuja, organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

The NMDPRA, a Federal Government agency, clarified that while it had already granted a pre-commissioning license to the $20 billion refinery, a fully valid operating license would be issued in the near future.

The Dangote refinery, inaugurated by former President Muhammadu Buhari in May 2023, began supplying Automotive Gas Oil (diesel) to the domestic market in April but has not yet released Premium Motor Spirit (petrol).

During the forum in Abuja, Farouk Ahmed, the Chief Executive of NMDPRA, informed industry players and stakeholders that the authority would soon issue a fully valid operating license to the refinery.

Ahmed, represented by Ogbugo Ukoha, the Executive Director of Distribution Systems, Storage, and Retailing Infrastructure at NMDPRA, mentioned that currently, only three refineries have valid licenses.

He also stated that the Dangote refinery would soon receive full commission and a valid operating license.

He also stated that about 15 gas facilities across the country have valid licences while more are undergoing processing.

The NMDPRA boss said there are 1,199 facilities with valid licences in the downstream, while more than 176 operators hold gas import permits.

Ahmed said 130 depots have valid licences while 69 hold valid coastal vessel licences, adding that NMDPRA has licensed 9,464 retail outlets as of 10 am on April 30, 2024.

“In the gas processing facility within the midstream, there are about 15 of them with valid licences. And much is under processing.  If you go to the downstream sector, in the gas state of the downstream, more than 1,199 facilities have NMDPRA valid licences.

“More than 176 operators hold gas import permits. In the liquid licensing side of the downstream, there are 130 depots with valid licences and coastal vessels of more than 69 valid licences as of today. And in the retail outlets, we have 9,464 licensed retail outlets as of 10 am today, April 30,” Ahmed stated.

He explained why locations in the midstream and downstream arms of the oil sector were included as part of host communities, stating that emissions and effluence affect them.

Ahmed said the authority organised the forum for stakeholders to ventilate their ideas and proffer measures that would further enable the NMDPRA to relate better with host communities in the mid and downstream arms of the oil sector.

READ ALSO
SNEPCo Urges Indigenous Firms to Enhance Skills for Future Opportunities
BY Abiodun Saheed Omodara May 23, 2025 0

The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has urged Nigerian firms to st...

READ ALSO
JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...

READ ALSO
Sanwo-Olu Advocates for Innovation, Accountability in Economic Policies
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria - Lagos State Governor Babajide Sanwo-Olu has stated that Nigeria must hasten its pro...

READ ALSO
CBN's Rigid Monetary Policies Threaten Nigeria's Industrialization Efforts
BY Abiodun Saheed Omodara May 22, 2025 0

With the Central Bank of Nigeria (CBN) keeping the benchmark interest rate at 27.5 percent, local ma...

READ ALSO
FG to Auction 753 Housing Units Recovered from Ex-CBN Governor Emefiele
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria - The Federal Government has declared its intention to sell 753 housing units that we...

READ ALSO
CBN Holds Interest Rate Steady at 27.50% Amid Inflation Concerns and Economic Recovery Efforts
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria — The Central Bank of Nigeria (CBN) has once again held its benchmark inte...

READ ALSO
CBN Stresses Commitment to Protecting Financial Interests of Nigerians
BY Abiodun Saheed Omodara May 20, 2025 0

The Central Bank of Nigeria (CBN) has assured the public, depositors, and stakeholders that the Nige...

READ ALSO
Australia's Central Bank Cuts Interest Rate to 3.85% Amid Global Tariff Uncertainty
BY Abiodun Saheed Omodara May 20, 2025 0

On Tuesday, Australia’s central bank reduced its main interest rate to its lowest level in two...

OUR CHANNELS:

FG to Sell Seized Estate of Former CBN Governor to Low-Income Nigerians
BY Abiodun Saheed Omodara May 24, 2025 0

The Federal Government has finalized plans to sell a large estate associated with a former Governor...


Cross River Launches Distribution of 1million Coffee Seedlings to Boost Local Production
BY Abiodun Saheed Omodara May 24, 2025 0

The Cross River State Government has initiated the distribution of one million Arabica and Robusta c...


Lagos Police Recapture Escaped Inmate Following Prison Break
BY Abiodun Saheed Omodara May 24, 2025 0

A 39-year-old prisoner, Kabiru Oyedun, has been recaptured by the Lagos Police Command after escapin...


Nigeria's Progressing in Insecurity Fight, Night Travel Routes Restored
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - The Minister of Defence, Mohammed Badaru, has stated that recent military successes...


Agro Alliance Takes Top Honors at Hack4Livestock with IoT Solution for Cattle Intrusions
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - The Ministry of Livestock Development has announced its intention to empower 1,000...


2027: Coalition Condemns APC's Exclusive Endorsement of Tinubu
BY Abiodun Saheed Omodara May 24, 2025 0

The Coalition of United Political Parties criticized the endorsement of President Bola Tinubu as the...


Man Remand for Environmental Offense as Lagos Intensifies Sanitation Enforcement
BY Abiodun Saheed Omodara May 24, 2025 0

A collaborative enforcement team, made up of officials from the Lagos Waste Management Authority (LA...


SNEPCo Urges Indigenous Firms to Enhance Skills for Future Opportunities
BY Abiodun Saheed Omodara May 24, 2025 0

The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has urged Nigerian firms to st...


Adebayo Open to Coalition with Obi, Dismisses Atiku's Influence in SDP
BY Abiodun Saheed Omodara May 24, 2025 0

The 2023 presidential candidate for the Social Democratic Party (SDP), Adewole Adebayo, has indicate...


NNPCL Empowers 531 NYSC Members with Financial Support and Starter Packs
BY Abiodun Saheed Omodara May 25, 2025 0

The Nigeria National Petroleum Company Limited has provided financial assistance of N531,000 each to...


More Articles

Load more...

Menu