In a significant milestone for Nigeria’s refining industry, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued an operational license to Edo Refinery and Petrochemical Company Limited, located in Ologbo, Edo State. This approval marks the final stage of regulatory clearance, allowing the refinery to commence full-scale operations.
Key Highlights
- NMDPRA Approval: The NMDPRA, the regulatory body overseeing midstream and downstream petroleum operations in Nigeria, granted the operational license to Edo Refinery.
- Operational Commencement: With this license, Edo Refinery is now authorised to begin producing refined petroleum products.
- Regulatory Support: The NMDPRA has pledged its continued support to Edo Refinery and the broader refining industry in Nigeria.
- Expansion Plans: Edo Refinery’s parent company, AIPCC Energy, is developing three additional projects, with one expected to be completed within the next year.
- Crude Oil Supply: The refinery is finalising arrangements with an indigenous oil company to secure a reliable supply of crude oil for optimal production.
Quotes
- Ahmed Farouk, NMDPRA CEO: “I commend Edo Refinery for this achievement and encourage them to continue making significant contributions to the Nigerian refining sector.”
- Segun Okeni, Refinery Head, Technical Operations: “We are grateful for the NMDPRA’s support and look forward to contributing to Nigeria’s energy self-sufficiency.”
The issuance of the operational license to Edo Refinery represents a positive step towards enhancing Nigeria’s refining capacity and reducing its dependence on imported petroleum products. As the refinery commences operations, it is expected to contribute to the country’s economic growth and energy security.