FG should float $1bn fund to complete new refineries — Refinery owners

However, President of Crude Oil Refinery-owners Association of Nigeria, CORAN, Mr. Momoh Oyarekhua, said: “ The coming on stream of Dangote Refinery is a very good development, especially as it would reduce huge dependence on imported petrol, conserve foreign exchange and create additional jobs. “The government needs to support the construction of other indigenous refinery … Read more

Advocating for Local Crude Refining and Naira Transactions: Insights from OPAC Refinery Chairman

Mr. Momoh Oyarekhua, Chairman of OPAC Refinery, recently participated as a panelist in the monthly Nigerian-South African Chamber of Commerce breakfast meeting. During the session, he addressed critical issues related to Nigeria’s current importation of refined petroleum products. Mr. Oyarekhua posed a thought-provoking question: “Since we built the first refinery in Nigeria, have we ever … Read more