NMDPRA issues operational licence to Edo refinery
21 August 2024 |
4:52 am
The management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), yesterday, issued an operational licence to Edo Refinery and Petrochemical Company Limited
The management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), yesterday, issued an operational licence to Edo Refinery and Petrochemical Company Limited, Ologbo, in Ikpoba-Okha Local Council of Edo State.
The NMDPRA is the technical and commercial regulator of midstream and downstream operations in the petroleum industry. Issuance of an operational licence is the final stage of approval from the regulatory authority, which implies that the plant can now fully operate as a refinery.
The authority’s Chief Executive Officer, Ahmed Farouk, in a ceremony, handed the certificate to AIPCC, the parent company of Edo Refinery and Petrochemical Company Limited (ERPCL).
Farouk, who was accompanied by the Executive Director (ED), NMDPRA, Hydrocarbon Processing Plant Installation and Transport Infrastructure (HPPITI), Francis Ogaree, handed over the operational licence to the refinery’s Head, Technical Operations, Segun Okeni. During the handover, the CEO of NMDPRA commended the company for attaining this feat, enjoining the firm to do more.
On his part, the NMDPRA Executive Director assured the management of the refinery that the regulatory authority is a business enabler, and will be ready to give AIPCC Energy/Edo Refinery all the necessary support in all its projects. Responding on behalf of AIPCC Energy, Okeni said that the company is out there to make its contributions to the petroleum refinery and gas processing subsector.
He disclosed that AIPCC is already developing three other projects, one of which will be completed next year. Okeni, in a statement in Benin-City, yesterday, explained that the operational licence is the final stage of approval from the regulatory authority. This, according to him, implies that the plant can now fully operate as a refinery.
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