Nigeria’s crude oil production has risen to about 1.8 million barrels per day (mbpd), prompting local refiners and organised labour to renew calls for increased crude supply to domestic refineries and lower fuel prices.

Refiners Push for Local Crude Pricing to Stabilise Fuel Costs The Crude Oil Refinery Owners Association of Nigeria has called for the adoption of a domestic crude oil pricing framework that would allow local refineries to access crude at more realistic prices, saying such a...

The Crude Oil Refineries Association of Nigeria (CORAN) is calling on the Federal Government to restrict fuel imports and prioritize domestic refining.

Modular Refineries Decry Exclusion from Naira-for-Crude Initiative   The Crude Oil Refiners Association of Nigeria (CORAN) has faulted the Technical Sub-Committee of the Crude and Refined Product Sales in Naira over the continued exclusion of modular and smaller local refiners from ongoing discussions on the...

Crude Oil Sales in Naira Yet to Commence – CORAN The Crude Oil Refinery-owners Association of Nigeria (CORAN) has said that none of their members have begun receiving the sales of crude oil in the local currency, naira. Echie Idoko, the Public Secretary of CORAN, made...

Local Refining May Drop Petrol Price to N300/Litres – Modular Refineries The pump price of Premium Motor Spirit, (PMS) popularly called petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Petroleum Refinery and other indigenous producers, operators of modular...