CORAN President Calls for Policy Reforms to Boost Nigeria's Refining Potential

Momoh Oyarekhua, President of the Crude Oil Association Nigeria (CORAN) and Chairman of OPAC Refineries, emphasizes the need for stable and transparent policy reforms to unlock Nigeria's refining potential. In an interview, Oyarekhua discusses the upcoming CORAN 2025 Summit, focusing on maximizing value through petrochemical refining and addressing issues like fiscal incentives, tax relief, and access to credit guarantees.

The vision is for Nigeria to transition from a heavy importer to a net exporter of petroleum products within Africa by strengthening domestic refining capacity. The CORAN Summit 2025 aims to align government, private investors, and regional stakeholders to drive policy dialogue and showcase opportunities in the refining sector for energy security and economic stability.