The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued refining licenses to three companies to establish new refineries in Abia, Delta, and Edo States.
According to an announcement on the NMDPRA’s official X page, the newly approved refineries include a 100,000 barrels per day (bpd) refining license granted to Eghudu Refinery Ltd in Edo State, a 30,000 bpd refinery licensed to MB Refinery and Petrochemicals Company Ltd in Delta State, and a 10,000 bpd refinery issued to HIS Refining and Petrochemical Company Ltd in Abia State.
Upon completion, these three proposed refineries will have a combined refining capacity of 140,000 barrels per day.
The statement read: “The Authority Chief Executive, Engr. Farouk Ahmed presented a License to construct a 100,000 bpd refinery to Eghudu Refinery Ltd in Edo state, a License to establish a 30,000 bpd refinery to MB Refinery and Petrochemicals Company Ltd in Delta state, and a License to establish a 10,000 bpd refinery to HIS Refining and Petrochemical Company Ltd. in Abia state.
“These Licenses, which would add 140,000 barrels per day to Nigeria’s domestic refining capacity, were presented to the MDs of the companies.”
Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that Nigeria has nine operational refineries, which include the Dangote Petroleum Refinery and Petrochemicals FZE, the Warri Refinery and Petrochemical Company, the Kaduna Refinery and Petrochemical Company, and the Port Harcourt Refinery Company Limited.
Others are the Aradel Refinery, OPAC Refineries, Waltersmith Refinery and Petrochemical Company, Duport Midstream Company Limited, and the Edo Refinery and Petrochemical Company.
These refineries have a combined refining capacity of 974,500 barrels per day, with the Dangote refinery having the largest capacity of 650,000 bpd. However, the majority of the refineries are not producing at full-scale
According to the NUPRC, the nine refineries would require a combined daily crude supply of 770,500 bpd and 123,480,500 barrels in the first half of 2025.
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