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. Oyarekhua highlighted that those modular refineries, located near wellheads in states such as Delta, Edo,…

The Chairman, Board of Trustees of the Crude Oil Refiners Association of Nigeria (CORAN), Captain Emmanuel Iheanacho, has called for greater investment in the establishment of modular refineries in Nigeria, as a step towards improving the oil and gas downstream sector. Iheanacho, who is also the Chairman of Eko Refineries and Integrated Oil & Gas Nigeria Ltd told newsmen in a chat on Friday in Lagos that having efficient crude…

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 achieve optimal production and supply of required oil & gas products for the country, locally…