DPR denies revoking 32 refinery licences

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.

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 .

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. (NAN)