The Department of Petroleum Resources (DPR) says it has not withdrawn the license issued to private refineries that failed to come on stream between 2002 and 2014.
DPR in a statement, announced that the $1 million commitment fee is no longer a requirement in the current guidelines for establishment of refineries in Nigeria.
According to DPR : “There are currently 25 private refinery licences issued by DPR and not 45 as stated in your report. Of the 25 licences, 21 are in the Licence to Establish (LTE) category, while four are in the Approval to Construct (ATC) category.Of these, three are billed to construct conventional stick-build plants and 22 will construct modular units with a combined capacity of 1,429,000 barrels per day (bpd)
“DPR did not revoke the licences issued to investors in 2004 as claimed in the report, rather, the Department granted Approvals to Construct (ATC) to 17 companies with a 24 months validity period.
“This culminated in the review of the statutory framework for licensing and the birth of a new guiding document ‘Guidelines for the Establishment of Hydrocarbon Processing Plants in Nigeria’ which is currently in use.”