Spending $1.5b on refinery misplaced, say LCCI, others.
At least 40 refinery licenses issued by the Department of Petroleum Resources (DPR) are presently inactive, Checkout Magazine learnt..
According to a July 8 document entitled “List of private licensed refineries”, 35 refineries have the License to Establish (LTE).
Checkout Magazine learnt that only 10 of those licensed to establish refineries are active.
DPR noted that the total proposed capacity of active and non-active refineries so far granted have a crude commitment as follows: 1,489,000 Barrel Per Stream Day (BPSD) active and 1,862,000 BPSD not active, totalling 3,510,000 BPSD.
