ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

DPR denies revoking 32 refinery, see list of valid refinery licenses inside

by Usman Kadri
April 13, 2021
Reading Time: 2 mins read
DPR denies revoking 32 refinery, see list of valid refinery licenses inside
Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

The Department of Petroleum Resources (DPR) has denied revoking 32 refinery licenses issued to private companies in Nigeria.

Mr Paul Osu, Head, Public Affairs, DPR, made the clarification in a statement on Tuesday in Lagos.

“We wish to clarify that DPR did not revoke any refinery licence.

RELATED STORIES

Governor Soludo’s ANSEC set to empower cohort two of one-youth-two-skills scheme

Anyone offering to serve one term needs Psychiatric examination –Soludo

August 2, 2025
Bayo Ojulari: Presidency denies sack, forceful resignation of NNPCL GCEO

Bayo Ojulari: Presidency denies sack, forceful resignation of NNPCL GCEO

August 2, 2025

“Refinery licenses, like our other regulatory instruments have validity periods for investors to attain certain milestones.

“This implies that after the validity period for the particular milestone, the licence becomes inactive until the company reapplies for revalidation to migrate to another milestone.“This does not in any way translate to revocation of licence of the company,” Osu said.

According to him, the DPR in line with the aspirations of the government initiated the refinery revolution programme of the country.He said it was aimed at boosting local refining capacity by enabling business and creating new opportunities for new investors with the granting of modular and conventional refinery licenses to investors.

Osu said the DPR would continue to provide support for investors in the oil and gas industry in Nigeria using its regulatory instruments of licences, permits and approvals to stimulate the economy and align with governments job creation initiatives.

Earlier today, some media reports suggested that the DPR had revoked refinery licenses that were issued to some companies for being inactive beyond the validity period. These refineries include modular refineries and conventional plants.

Next Post
JUST IN: Adeboye, El-Rufai meet after release of kidnapped RCCG members

Insecurity: Only God can help Kaduna -victory is around the corner -Adeboye

More Articles...

Governor Soludo’s ANSEC set to empower cohort two of one-youth-two-skills scheme

Anyone offering to serve one term needs Psychiatric examination –Soludo

August 2, 2025
Bayo Ojulari: Presidency denies sack, forceful resignation of NNPCL GCEO

Bayo Ojulari: Presidency denies sack, forceful resignation of NNPCL GCEO

August 2, 2025
Fearless Freedom launches to tackle inequality and champion global economic inclusion

Fearless Freedom launches to tackle inequality and champion global economic inclusion

August 2, 2025
NBA Epe 2025 Law Week Was A Massive Success, Chairman, Dr. Jimoh Says

NBA Epe 2025 Law Week Was A Massive Success, Chairman, Dr. Jimoh Says

August 2, 2025
Customs CG, Adeniyi Advocates AI Integration in governance, tasks Journalists on accountability 

Tinubu extends Customs CG Adeniyi’s tenure

July 31, 2025
ICAN Fidelity Bank chapter inaugurates new chairman

ICAN Fidelity Bank chapter inaugurates new chairman

July 31, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport