The Act includes the gas producing and gas processing companies in the list of agencies that are contributing to the Niger Delta Development Commission (NDDC) in addition to the Oil companies in a bid to increase funding of the Commission for effective discharge of its duties.
Already, nine companies have submitted bids for co-location of new refineries within the complexes of Nigeria’s three existing refineries in Kaduna, Warri and Port Harcourt, which are expected to increase the nation’s refining capacity from 445,000 barrels per day (bpd) to 650,000bpd.
