The Nigerian Midstream and Downstream Petroleum Regulatory Authorities (NMDPRA) has presented a License to Construct (LTC) to Foster Petroleum Development Company Limited for the development of a 30,000 barrels per day refinery in Gokana, Rivers State.
According to a statement posted on its X handle on Friday, the NMDPRA said the license was presented by the Executive Director, Hydrocarbon Processing, Plants Installations and Transportation Infrastructure, Engr. Francis Ogaree, on behalf of the Authority.
Speaking at the presentation, Engr. Ogaree reaffirmed the Authority’s commitment to supporting investments that enhance Nigeria’s domestic refining capacity, improve energy security, and drive economic growth.
Once completed, the refinery is expected to produce Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Dual Purpose Kerosene (DPK), and fuel oil, contributing significantly to the availability of refined petroleum products in the country.
NMDPRA described the project as being in line with ongoing efforts to expand local refining infrastructure and strengthen the nation’s petroleum value chain, as the Authority continues to issue licences aimed at boosting the country’s domestic refining capacity and reducing reliance on imported fuel.
