Emmanuel Addeh in Abuja
The Department of Petroleum Resources (DPR) at the weekend called for more investment in modular refineries in the country, warning businessmen who are supporting illegal refining activities to desist and channel their resources to legitimate transactions in the oil and gas industry.
Speaking in Ahoada Rivers State, after a tour of facilities at the Niger Delta Petroleum Resources (NDPR), Director of the DPR, Mr. Sarki Auwalu, noted that the regulatory agency was not averse to licencing more modular refineries to encourage local in-country refining.
A statement by the regulatory agency, noted that the DPR chief stated that rather than going into illegal refining for lack of capacity to do proper refining, private concerns should consider setting up modular refineries.
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The Department of Petroleum Resources (DPR) has called on businessmen to invest in the oil and gas industry, instead of indulging in illegal refineries.
Director/Chief Executive Officer (CEO) of DPR, Sarki Auwalu, made the call at the weekend, when visited the Niger Delta Petroleum Resources (NDPR) located in Ogbele community in Ahoada East Local Government Area of Rivers State.
Auwalu, who was satisfied with the operations going on at the facility, said there was need for businessmen to invest their wealth in the oil and gas industry to grow the nation’s economy.
The DPR boss disclosed that the country has seven private refineries and the national production capacity is a collection of the seven private refineries and government refinery.
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Dennis Naku, Port Harcourt
The Department of Petroleum Resources has said it is willing to license more modular refineries to come on stream, saying it would put an end to the problem of product scarcity in the country.
The Director, Chief Executive Officer of DPR, Mr Sarki Auwalu, stated this while speaking to journalists after a tour of facilities at the Niger Delta Petroleum Resources, an indigenous oil and gas company in Ahoada, Rivers State.
Auwalu said rather than going into illegal refining for lack of capacity to do proper refining, private concerns should consider setting up modular refineries, noting that the agency was ready to support such genuine initiatives.