After Dangote, FG Grants Another Company Refinery Licence Expansion to Produce Fuel [Video]

• Waltersmith Refinery has received approval from NMDPRA to expand its operations in Imo State
• With the new license, Waltersmith can now process 10,000 barrels per day of crude, up from the previous 5,000 BPD
• The company plans to increase the refinery’s capacity to 40,000 barrels per day in the months ahead

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the granting of a new refinery licence to Waltersmith Refining and Petrochemical Company Limited, located in Ibigwe, Imo State.

This follows closely on the heels of Dangote Refinery’s recent developments, signalling continued growth in Nigeria’s refining sector.

In a statement released yesterday on its official X account, the NMDPRA disclosed that Waltersmith has been awarded a License to Construct (LTC) for Phase 2 of its refinery project.

The current Phase 1 development, operating as a modular refinerywith a production capacity of 5,000 barrels per day (BPD), …