Financial Energy Review
Mr. Momoh Oyarekhua, CORAN Chairman.
The Crude Oil Refinery-owners Association of Nigeria (CORAN) has extended its heartfelt congratulations to Mr. Aliko Dangote and his team at Dangote Refinery on the remarkable achievement of commencing the production of Premium Motor Spirit (PMS). The group said that this significant milestone is not only a testament to the dedication and hard work of Dangote Refinery but also reflects the collective resolve of CORAN to contribute meaningfully to the economic development and wellbeing of Nigeria.
“This landmark event, accomplished by one of CORAN’s distinguished member, showcases the transformative power of private sector-led initiatives in reshaping the nation’s energy landscape”, said Mr. Momoh Oyarekhua, CORAN Chairman.
The commencement of production of Premium Motor Spirit (PMS)is a significant leap forward in Nigeria’s pursuit of self-sufficiency in petroleum product refining and the development of associated industries. It is a clear demonstration of the immense value that CORAN members bring to the table. By setting new standards of excellence in the industry, Dangote Refinery has not only showcased what is possible when vision, innovation, and commitment align but has also reinforced Nigeria’s position on the global energy stage.
“This is a proud moment for CORAN and for Nigeria as a whole. The achievement aligns perfectly with CORAN’s vision of creating sustainable refining solutions that drive economic growth and our mission to efficiently increase the refining capacity of the country. It is members like Dangote Refinery who bring our goals to life”, Oyarekhua said.
CORAN said that the group remains steadfast in its commitment to supporting its members in enhancing the refining capacity of the country, reducing dependency on imported petroleum products, and contributing significantly to the Nigerian economy. The association is optimistic that this ground-breaking achievement will inspire other members and stakeholders to continue pushing the boundaries of what is possible within the industry.
“We look forward to witnessing the continued success of Dangote Refinery and the positive impact it will have on our industry and the broader economy”, Oyarekhua concluded.
The Crude Oil Refinery Owners Association of Nigeria (CORAN) is the leading association representing the interests of private sector-owned refineries in Nigeria. CORAN is dedicated to fostering a conducive environment for the growth of the refining sector, advocating for policies that support industry development, and ensuring the sustainable advancement of the nation’s refining capacity.
