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Nigeria's DPR receives 26 applications for refinery construction
Nigeria's Department for Petroleum Resources (DPR) has received 26
applications from private companies wishing to build refineries in
Nigeria.
According to DPR's midyear 2007 report, four of the 26 companies had
their licenses overturned in March because they failed to build the
refinery by the given deadline. The applications are at different stages
of processing.
Under DPR's guidelines companies will be required to deposit $ 1 mm for
every 10,000 bpd of planned capacity, which would be refundable within
18 months provided the project is carried out to deadline.
The report also said the 210,000 bpd refinery in Port Harcourt operated
at just about 38 % capacity in the first half of this year.
The facility is the only refinery working in Nigeria since Feb. 18,
2006.
The Warri and Kaduna refineries remain closed because the Chanomi Creek
pipeline, which would otherwise transport oil to both of the facilities,
had been damaged by vandals.
