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.

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...