The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted Waltersmith Refining and Petrochemical Company Limited an additional 5,000 barrels per day (bpd) licence for Phase 2 of its refinery expansion in Owerri, Imo State.
According to Farouk Ahmed, Chief Executive of NMDPRA, “Today, the Authority granted a License to Construct (LTC) of Phase 2 to Waltersmith Refining and Petrochemical Company Limited. The refinery is expected to be commissioned by Q3 2025, and plans to expand to Phase 3 immediately after.”
Muhammad Musa, Managing Director of Waltersmith, expressed gratitude to both the Waltersmith and NMDPRA teams for their support, stating that the achievement reflects the government’s confidence in their capabilities. “The company assures Nigerians of its dedication to finding new ways to contribute value to the country,” he said.
The refinery, which currently produces 5,000 bpd, aims to double its capacity and eventually increase it to 40,000 bpd. The expansion is expected to contribute significantly to Nigeria’s petroleum production and reduce reliance on imported fuel.