Nigeria's fuel supply is set to increase as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Authority has granted licenses to nine modular refineries, seven construction licenses, and four operational licenses.The development was announced by Farouk Ahmed, CEO of NMDPRA, at the 2024 Oil Trading & Logistics Africa Downstream Energy Week in Lagos on Monday.
This is complemented by the issuance of relevant guidelines on automation for processes to strengthen regulatory clarity and enhance compliance. “Our refinery sector has been expanding rapidly with the issuance of nine licences to establish, seven licences to construct and four licences to operate modular refineries,” he stated.
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