Private refinery has almost become an issue in Nigeria due to the delay in the take-off by the licensed companies, several years after being awarded licences to operate in the country.About 657,000 barrels per stream day (bpsd) capacity of private refineries granted licences by the Department of Petroleum Resources (DPR) have not be able to come on stream due to several factors, such as non deregulation of downstream sector, lack of fund, non availability of crude oil to service the refineries among others.
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