News

BREAKING: 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.

“We wish to clarify that DPR did not revoke any refinery licence.”

“Refinery licenses, like our other regulatory instruments have validity periods for investors to attain certain milestones. This implies that after the validity period for the particular milestone, the licence becomes inactive until the company reapplies for revalidation to migrate to another milestone.”

“This does not in any way translate to revocation of licence of the company,” Osu said. 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.”

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.

Show More
Separator Line EXPOSED!! POPULAR ABUJA DOCTOR REVEALED HOW MEN CAN NATURALLY AND PERMANENTLY CURE POOR ERECTION, QUICK EJACULATION, SMALL AND SHAMEFUL MANHOOD WITHOUT SIDE EFFECTS. EVEN IF YOU ARE HYPERTENSIVE OR DIABETIC ..STOP THE USE OF HARD DRUG FOR SEX!! IT KILLS!



ELEVATED BLOOD PRESSURE IS NOT A DEATH SENTENCE. TAKE CONTROL WITH OUR PROVEN HERBAL REMEDIES, BREAK FREE FROM HIGH BLOOD PRESSURE, AND REDUCE THE RISK OF HEART DISEASE AND STROKE. CLICK NOW!!

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button