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
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
OPAC Refineries hosts the delegate from the Board conducting a regulatory visit in ensuring Nigerian Content Performance.
“The emergence of modular refineries in Nigeria will be a better avenue for the production and distribution of petroleum in the country.” Mr. Momoh Oyarekhua, Chairman Crude Oil Refinery-Owners Association of Nigeria (CORAN) while speaking during the Nigeria International Energy Summit (N.I.E.S) 2024. Mr. Oyarekhua highlighted several areas in which the introduction of more modular … Read more
The team was led by Directors and senior Engineers from the Ministry and was received by the General Managers and staffs of the Refinery.They assured OPAC of Govt unwavering support to be given for sufficient Crude supply to ensure efficiency in their production.
OPAC REFINERIES had an engaging discussion on the topic “Africa Refining: Regional Sufficiency Amid Global Energy Transition” at the OTL AFRICA 2023 DOWNSTREAM WEEK held from 23rd -26th , October 2023. The Panel had, Mr. Aliyu Suleiman, Group Chief Strategist officer, Dangote Group, Mr temitop Ogunbanjo, GM Aradel Refinery, Dr. Francis Ogaree, ED Hydrocarbon Processing … Read more
OPAC Refineries proudly received an Award of Participation at the Nigerian Oil and Gas Opportunity Fair (NOGOF), which took place in Yenagua, Bayelsa State, in July 2023. The award was presented by the esteemed Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMD), Engr. Simbi Wabote. This recognition is a testament to OPAC … Read more
Momoh Oyarekhua, Chairman of CORAN, states that supporting modular refineries will grant Nigerians access to cheaper fuel, eliminating various costs such as importing refined products and clearing fees. According to Oyarekhua, four modular refineries are functional in Nigeria, producing various petroleum products except fuel (PMS) due to the high cost of obtaining the required reformer. … Read more
A notion shared by industry experts is that it is not economically viable to operate modular refineries in the country… Mr. Momoh Oyarekhua made the observation during an exclusive interview on Channels TV Business Morning show on Monday where he shed light on issues bordering on the removal of fuel subsidy and how Nigeria can … Read more
Nigeria faces an imminent recession thanks to the impact of crashing oil prices and the Coronavirus pandemic but modular refining presents early opportunities for Africa’s most populous nation to restart the engine of its ailing economy. The modular refinery, unlike the conventional, is not very complicated. It produces two or three products, and a bottom … Read more