HOSCON seeks quick release of licences for 10 modular refineries

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Host Communities of Nigeria Producing Oil and Gas (HOSCON), has called on the Federal Government to prevail on the Department of Petroleum Resources (DPR), to expedite action on the release of the licenses for their 10 modular refineries, Vanguard reports.

Addressing newsmen in Abuja, National Chairman, HOSCON, Mr. Mike Emuh, said the group had met up with almost all the requirements for the award of the licenses, while its foreign financiers had provided evidence of funding for the refineries which are to be built in all the oil producing states in the country.

He also called on the government to impress on the relevant government agencies, the need for HOSCON and its foreign financiers to be granted waivers in the importation of components for the modular refineries, going by the importance of the project to the Nigerian economy.