DPR woos investors in modular refineries to address fuel scarcity

The Department of Petroleum Resources (DPR) has expressed willingness to license more modular refineries so as to put an end to fuel scarcity in the country.

The director, Chief Executive Officer of DPR, Mr Sarki Auwalu, stated this while speaking to journalists after a tour of facilities at the Niger Delta Petroleum Resources, an indigenous oil and gas company in Ahoada, Rivers State.

Auwalu said rather than going into illegal refining for lack of capacity to do proper refining, investors should consider setting up modular refineries, noting that the agency is ready to support such genuine initiatives.

He said, “DPR is a business enabler and opportunity provider. We create the business of oil and gas and ensure that it is sustained.

“I am calling on Nigerians to come and invest in this sector, bring more. The sector has been the risk and if you’re afraid that you can’t refine, don’t go and do illegal refinery. Come and do legal refining and we are ready to give you licence.”

He said about 44 refinery licences have been given to private investors over the years with only a few projects underway.

According to the DPR boss, there are proposals for a total of 38 modular refineries with capacity ranging from 5,000 barrels per day to 30,000bpd, and six conventional  plants with a total capacity of 1.35 million bpd.

 

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