Tag: CORAN

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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 […]

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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 […]

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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 […]