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Standard Times NG

FG announces Mini-Bid Round for Modular Refineries

By Yinka Ezun

The Nigerian Upstream Petroleum Regulatory Commission, has announced the 2022 mini-bid round aimed at stimulating new oil exploration and drilling activities in the prospective deep waters offshore Nigeria.

Also, the Nigerian Content Development Monitoring Board announced that three modular refineries would refine crude oil in 2023, as this would boost in-country refining capacity, according to the Nigerian Content Development Monitoring Board.

Both agencies disclosed these to journalists at separate oil sector events in Abuja.

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