Section 183: Grant of a crude oil refining licence.

1 Subject to sections 111 and 174 of this Act and upon the approval of the Authority
of an application and payment of a prescribed fee by a qualified person, the Minister may, on the recommendation of the Authority, grant and issue to that person a crude oil refining licence which shall permit the licensee to -
a procure, construct, install and operate facilities to process crude oil on its own account into derivative chemicals and petroleum products; and
b sell such chemicals and petroleum products at the exit of the refinery.

2 In considering an application for a crude oil refining licence, the Authority shall take into account the economic case for a refinery, including the potential demand for its use.