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Business

Modular refineries could ease diesel shortages – CORAN

The Crude Oil Refineries Association of Nigeria has said modular refineries could meet more than 10 per cent of Nigeria’s diesel demand but cited limited access to feedstock as a major constraint. CORAN’s Publicity Secretary, Eche Idoko, stated this in an interview while reacting to a report by the Nigerian Midstream and Downstream Petroleum Regulatory […]

Oil and Gas

FG’s supply failure fuelling monopoly in oil sector – CORAN

The Crude Oil Refineries Association of Nigeria says the perception of the Dangote Petroleum Refinery as a monopoly stems from the federal government’s failure to supply crude oil to modular refineries. CORAN’s Publicity Secretary, Eche Idoko, said that it is not Dangote but the government’s inaction that poses the real monopoly threat in the downstream […]

News

Nigeria emerging W’Africa’s crude refining hub, supply challenges persist – CORAN

The Crude Oil Refinery-owners Association of Nigeria has noted that Nigeria is gradually emerging as a refining hub in West Africa, but raised concerns over supply challenges faced by existing refineries. This statement came as the association welcomed the Nigerian Midstream and Downstream Petroleum Regulatory Authority issuing a license for a new private refinery in […]

featured

Refiners urge FG to halt import license issuance to petrol marketers

The Crude Oil Refinery Owners Association of Nigeria has cautioned the Federal Government to exercise restraint in granting import licences for refined petroleum products, amid ongoing tensions between the Dangote Petroleum Refinery and domestic oil marketers. CORAN’s statement comes in response to recent claims by the Petroleum Products Retail Outlet Owners Association of Nigeria, which […]

featured

CORAN urges FG to sell NNPC refineries for modular plants

The Federal Government is being urged to sell the government-owned Port Harcourt, Warri, and Kaduna refineries to finance the development of modular refineries. These refineries are currently managed by the Nigerian National Petroleum Company Limited the government’s oil firm. The Crude Oil Refiners Association of Nigeria made this appeal on Sunday, arguing that the sale […]

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