2025
Nigeria exported 485.44 million barrels of crude oil in 2025, representing 82% of total production, according to a report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The Crude Oil Refiners Association of Nigeria (CORAN) has rejected claims that imported petrol is cheaper than locally refined fuel, arguing that the difference stems from quality disparities rather than efficiency.
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...
