PIB: Senate limits fuel imports to Dangote, other refiners The Punch
Published 12 July 2021
If the new provision on fuel imports inserted by the Senate in the Petroleum Industry Bill is adopted by the House of Representatives and the President, only active refinery licence holders will be allowed to import petroleum products into the country when the bill becomes a law.
Companies holding refining licences in the country include Dangote Oil Refinery Company, Waltersmith Refining & Petrochemical Company Limited, OPAC Refineries, Niger Delta Petroleum Resources, BUA Refinery & Petrochemicals as well as Edo Refinery and Petrochemical Company Limited.
The PUNCH had exclusively reported on February 28 that Dangote Group had suggested for inclusion in the PIB a provision that the licence to import petroleum products should be assigned only to companies with active refining licences, saying this would encourage investment in local refining.
PIB: FG to limit petrol importation to local refiners
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Edo residents laud Obaseki on devt of Edo Modular Refinery
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BENIN CITY – The Edo State Governor, Mr. Godwin Obaseki has said the Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the state government, in Ologbo, Ikpoba – Okha Local Government Area, will source crude for processing from the Escravos Line.
The governor, who spoke during a recent inspection of the facility, said the crude sales agreement is being finalized in readiness for production, which is scheduled to begin in August this year.
“What we have left now is to finalise the crude oil sales contract; these facilities have to get a certain type of crude from the Escravos line and that is being finalized. I hope that before the end of August, we should start lifting products from these facilities,”