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Nigeria Expands Refining Capacity with Three New Licenses

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© Allen Dreyfus

Ronald Adamolekun

Ronald Adamolekun is a financial journalist with an expansive experience covering markets, energy, banking, tech and the political economy.
  • Nigeria issues refinery licenses for 140,000 bpd capacity increase
  • Move strengthens country’s position as Africa’s refining hub

Lagos, Nigeria – Nigeria is bolstering its position as a major oil refining hub in Africa, following an announcement on Friday by the country’s midstream and downstream regulator of three new refinery license awards.

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L-R: Sen. Heineken Lokpobiri, Hon. Minister for State Petroleum Resources (Oil), Federal Government of Nigeria, Dr. George Elombi, President and Chairman of the Board of Directors at Afreximbank and Hon Mamadou Sangafowa-Coulibaly, Minister of Mines, Petroleum and Energy of Côte d'Ivoire during the first General Meeting of the Africa Energy Bank in Abuja, Nigeria
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