Department of Petroleum Resources, DPR, says it has issued 21 licences to investors to establish new refineries in Nigeria. The agency, in a statement at the weekend, disclosed that 25 private refinery licences were granted to companies with 21 in the Licence to Establish, LTE, category, while four are in the Approval to Construct, ATC,…
Tags: Refineries
FG Unbundles NNPC Into 7 Companies
The Nigerian National Petroleum Corporation, NNPC, has finally been unbundled into seven independent operational units. This was approved on Tuesday by President Muhammadu Buhari and it takes immediate effect. The new units include those for Upstream, Downstream, Gas & Power, Refineries, Ventures, Corporate Planning & Services and Finance and Accounts. According to the Minister of…