FGN has given the green light for the establishment of refineries

The Federal Government of Nigeria has given the green light for the establishment of three new petrochemical refineries across the country.

Eghudu Refinery Ltd, based in Edo State, has been awarded a license for a refinery with a production capacity of 100,000 barrels per day (bpd). Additionally, MB Refinery and Petrochemicals Company Ltd in Delta State received a license for a 30,000 bpd refinery. The third company, HIS Refining and Petrochemical Company Ltd, has been granted a license to operate a 10,000 bpd refinery in Abia State.

Engr. Farouk Ahmed, the Authority Chief Executive, officially presented the license for the 100,000 bpd refinery to Eghudu Refinery Ltd in Edo State, alongside the licenses for MB Refinery and Petrochemicals Company Ltd and HIS Refining and Petrochemical Company Ltd.