The Crude Oil Refinery-owners Association of Nigeria (CORAN) has praised the commencement of Premium Motor Spirit (PMS) production at the Dangote Refinery, celebrating the milestone as a significant step toward bolstering Nigeria's role in the global energy market. In a statement, CORAN Chairman, Mr. Momoh Oyarekhua, lauded Aliko Dangote and his team for achieving this remarkable feat.
With the Dangote Refinery now operational, Nigeria is on the path to self-sufficiency in petroleum refining and the development of related industries. Oyarekhua emphasized that this achievement showcases the immense value CORAN members bring to Nigeria’s energy sector, helping to reduce the country’s reliance on imported petroleum products.
The refinery's success is not only a win for Dangote but also a reflection of CORAN’s mission to contribute meaningfully to Nigeria’s economic development. According to Oyarekhua, Dangote Refinery's launch marks a pivotal moment for the country, setting new standards of excellence in the energy industry. This achievement has reinforced Nigeria’s global standing, demonstrating the transformative potential of private sector-driven initiatives in reshaping the nation's energy landscape.
CORAN remains committed to enhancing Nigeria's refining capacity, aiming to reduce dependency on imports while fostering sustainable industry growth. Oyarekhua expressed optimism that the groundbreaking success of Dangote Refinery would inspire other members to push boundaries and innovate 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 said.
As the leading association representing private refineries in Nigeria, CORAN plays a crucial role in advocating for policies that support industry development. The association is dedicated to creating a conducive environment for the growth of the refining sector, positioning Nigeria as a key player on the global energy stage.
This remarkable milestone highlights the collective resolve of CORAN and its members to drive sustainable solutions and economic growth for the nation. As Nigeria moves toward refining self-sufficiency, the success of the Dangote Refinery is a beacon of what is possible when vision, innovation, and commitment come together.