Welcome to CORAN

Crude Oil Refinery-owners
Association of Nigeria

...Creating Sustainable Refining Solution for Economic Development.

Chairman of CORAN with Industry Players
at the Midstream Sector
OTL WEEK 2023


Connecting Crude Oil Refiners
With the Opportunities to Transform
the Midstream Sector of the Nigerian Economy
Bridging Technological
Gaps in the Crude Oil
Refining Industry

CORAN SUMMIT 2024

Chairman, CORAN with the
Midstream Sector Industry Players

CORAN SUMMIT 2024

...Creating Sustainable Refining Solution for Economic Development.

The Crude Oil Refinery-owners Association of Nigeria (CORAN) is a non-profit association incorporated to promote crude oil refining in Nigeria. The association works closely with the relevant government agencies such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian National Petroleum Corporation Limited (NNPCL), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Federal Ministry of Petroleum Resources, Central Bank of Nigeria (CBN), Federal Ministry of Environment, Federal Ministry of Finance and other Stakeholders in proffering sustainable and scalable solutions that provide investment-friendly legal and regulatory policies to boost the Nations refining capacity through the private sector.

CORAN is a voice for all refineries operating in Nigeria. We collectively work with our members to highlight key issues, challenges, and constraints, as well as draw attention to existing gaps where Government’s immediate intervention is needed.

With a sound collaborative commercial experience and a pragmatic approach in the Crude oil refining business, we provide our members with leading-edge strategies when entering or operating a refinery in Nigeria. We are geared towards promoting industrial productive activities which enhance the economic prosperity of the Nation…Read More

CORAN is governed by an elected Executive Council, responsible for formulating policies and programs, in line with the vision of the association to entrench local content in the oil and gas Refining industry in Nigeria. The Executive council, supported by the employees of the association, oversees the day-to-day running of the association.

A Board of Trustees (BoT) who traditionally are senior industry leaders and past executives are tasked with the responsibility of providing high-level support and guidance to the Executive Council of the association.

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TRUE FAITH IN NIGERIA’S DOWNSTREAM: Why Local Refinery Companies Built While Importers Traded

By: Crude Oil Refinery-owners Association of Nigeria (CORAN) Introduction Nigeria’s downstream petroleum sector is undergoing a long-overdue reckoning. After decades of heavy dependence on imported petroleum products, subsidy distortions, and massive capital leakage, the country is finally witnessing the emergence of local refinery companies that have chosen to invest, build, and operate refining assets on […]

PRESS BRIEF

The Crude Oil Refinery-owners Association of Nigeria (CORAN) extends warm commendations to the Dangote Petroleum Refinery for its recent milestone in ramping up domestic refining of Premium Motor Spirit (PMS) and effecting a significant reduction in the ex-depot price of petrol. This achievement, coming at a time when Nigerians are preparing for the yuletide season, […]

Local refineries owners confirm end of Naira-for-crude initiative for local refineries

The Crude Oil Refinery-owners Association of Nigeria (CORAN) has confirmed the end of the Naira-for-Crude initiative of the Federal Government which was aimed at supporting local refineries. The National Publicity Secretary of CORAN, Eche Idoko, in a chat with Nairametrics, explained that the first phase of the Naira-for-crude arrangement was meant to end in March […]

Crude Oil Refiners Set For 2025 Summit To Shape Africa’s Energy Security Agenda

The Crude Oil Refiners Association of Nigeria (CORAN) has announced its 2025 summit, scheduled to take place in Lagos on October 6–7, with a focus on positioning Africa’s refining sector as the key to ensuring energy security and reducing dependence on imported petroleum products. The two-day conference, themed “Refining: Key to Energy Security in Africa”, […]

CORPORATE MEMBERS