BUA receives active refinery license to compete with Dangote

The Department of Petroleum Resources has revealed that BUA group received a license renewal with 27 other investors. The agency had posted the names of the companies on its website.

The license had become invalid three years ago. The renewal will pitch the company against its market rival, Dangote Group, already figthing over market shares in the cement and sugar business in Nigeria.


The agency gave License to Establish to BUA Refinery & Petrochemicals, Lowrie Refinery Limited, Eghudu Refinery and Kingdom Global Trading Petroleum & Gas Nig., NPDC/ND WESTERN OML 34 JV, Ogini Refinery, Excel Exploration & Production and Ogini Refinery Limited.


While Dangote Oil Refinery Company received license of Approval to Construct/Relocate. Others on this list includes OPAC Refineries, Waltersmith Refining & Petrochemical Company, Niger Delta Petroleum Resources, Edo Petrochemical Refinery.

Etopo Energy Plc, Resource Petroleum & Petrochemicals International Incorporated, Duport Midstream and Conodit Refinery Nigeria were also listed.

Others with active licences are Lowrie Refinery, Excel Refinery, Gasoline Associates International, Frao Oil Nigeria, Alexis Refinery, Allegiance Energy and Power, Atlantic International Refineries and Petrochemical.

Amakpe International Refinery Inc, Gazingstock Petroleum Company, Azikel Petroleum, and Clairgold Oil & Gas Engineer

Abokkis and oil ehn only God knows
They like oil pass Mohammed they claim is their chief prophet

If you're coming here to attack me. Thunder fire you in advance

If this will reduce the Price of Fuel, that’s good but I know it won’t, May God forgive you all

Dangote to FG right now

naso abdulsalam (northerner) vs dangote(northerner) ipob go wail die

Aaa007:
naso
abdulsalam (northerner) vs dangote(northerner)
ipob go wail die

Lmao for Southerners who can't see that they're being enslaved further even with the resources in their own lands. Let them continue to fight one another.

same BUA accused of scamming the govt ?

Abeg wetin refinery dey produce?

Groundnut oil or palm oil?

Lovely! This is good for the economy. More jobs, more IGR and all round development.

Nice one,, no be only Dangote waka come

Did I read the word compete? These two people are criminals.

This guy has one of the most underestimated business foresight technique on Earth and it's working for him ...just copy the leader

The two biggest oppressor.

People are shouting North and oil. They're shouting Southern resources are being plundered.

Did anyone from the South say he was stopped for applying for refinery license?

Na we de do ourselves jare