The Federal Government of Nigeria, through the Department of Petroleum Resources (DPR), requires petrochemical companies to successfully pass rigorous engineering design/technical probes and unscheduled physical assessments/inspections in order to obtain a permit for the fabrication of a plant. The federal government’s desire to mitigate 483,000 barrels per day (BPD) shortfall in oil refining capacity, obligated the DPR to impose exacting standards on potential petrochemical companies in order to be licensed to operate. In 2007, when it became evident to DPR that the majority of the 18 oil refinery licensees in Nigeria did not have the financial resources or engineering expertise necessary to follow DPR’s specific guidelines, it canceled all of the outstanding licenses; only a few, including Amakpe Refineries, reapplied under the more stringent guidelines. DPR has certified the first phase of our refinery project.
Refinery Construction License Revalidated
Modular Refinery Fabrication Completion
Refinery Construction License Renewed
PricewaterhouseCoopers (PwC) Financial Audit
Refinery Construction License Acquired