The Department of Petroleum Resources (DPR) has given Integrated Oil and Gas Limited, an indigenous company, licence to begin preliminary work for a 20,000 capacity modular refinery on the Lagos coast, estimated to cost between $75 – $250 million.Emmanuel Iheanacho, CEO of the company, revealed this to journalists in Lagos, saying the company upon receiving the preliminary approval from DPR had commenced work on the Environmental Impact Assessment (EIA), one of the series of steps required to obtain full approval.
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