CORAN Congratulates Dangote Refinery on Landmark Milestone: A New Era for Nigeria’s Petroleum Industry
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has extended a warm and resounding congratulations to Mr. Aliko Dangote and the entire team at Dangote Refinery on achieving a remarkable feat—the commencement of the production of Premium Motor Spirit (PMS). This monumental step marks a turning point in Nigeria’s pursuit of self-reliance in the petroleum sector and holds great promise for the nation’s economy.
In a statement issued by CORAN, the association’s Chairman, Mr. Momoh Oyarekhua, praised Dangote Refinery for its unwavering dedication and innovation, which have led to this historic milestone. He described the achievement as not only a win for the refinery but also a victory for the entire nation.
“This landmark event, accomplished by one of CORAN’s distinguished members, showcases the transformative power of private sector-led initiatives in reshaping Nigeria’s energy landscape,” Oyarekhua stated. “It is a testament to the boundless possibilities that can emerge when vision, innovation, and commitment are perfectly aligned. This moment reaffirms Nigeria’s place on the global energy stage.”
A Leap Towards Self-Sufficiency and Economic Growth
The commencement of PMS production at Dangote Refinery is more than just an operational achievement. It represents a significant leap forward in Nigeria’s goal to achieve self-sufficiency in petroleum product refining. For decades, Nigeria, despite being one of the world’s leading oil producers, has been heavily reliant on imported refined petroleum products. The success of Dangote Refinery signals the beginning of a new era where Nigeria’s refining capacity will no longer be an Achilles heel but a strength that boosts economic resilience.
As Mr. Oyarekhua emphasized, this achievement is a validation of the immense value that CORAN members contribute to Nigeria’s petroleum industry. “By setting new standards of excellence, Dangote Refinery has demonstrated the extraordinary impact of private sector-driven solutions in addressing the nation’s critical refining needs,” he said. “This milestone will act as a catalyst for greater innovations within the industry.”
A Proud Moment for CORAN and Nigeria
For CORAN, which is at the forefront of advocating for a stronger and more efficient refining sector, the success of Dangote Refinery is not just an individual accomplishment—it is a shared triumph. As Nigeria seeks to reduce its dependence on imported petroleum products, initiatives like this one bring the country closer to its long-term goals of energy independence and sustainable growth.
“This is indeed a proud moment for CORAN and for Nigeria as a whole,” Mr. Oyarekhua remarked. “The achievement of Dangote Refinery aligns seamlessly with CORAN’s mission of creating sustainable refining solutions that drive economic growth. We are steadfast in our commitment to supporting all our members as they work to enhance Nigeria’s refining capacity, contribute to the economy, and reduce the burden of petroleum product imports.”
The association highlighted that with local production increasing, the refining sector will play a key role in creating jobs, reducing fuel import bills, and bolstering Nigeria’s foreign exchange reserves. In addition to creating a more sustainable energy sector, it will also lead to a trickle-down effect that will stimulate various associated industries.
Inspiring the Industry and Beyond
The success of Dangote Refinery is expected to have a far-reaching impact, not only inspiring other refinery owners and stakeholders within the industry but also encouraging private sector investment across Nigeria’s energy landscape. CORAN believes that this achievement will push boundaries and encourage further advancements in the sector, laying the groundwork for even more progress.
“We remain optimistic that this ground-breaking accomplishment will inspire our other members to continue pushing the frontiers of what is possible in refining,” Oyarekhua stated. “At CORAN, we are committed to creating an enabling environment for all private refineries to thrive and help Nigeria achieve its refining goals.”
The association reaffirmed its commitment to working closely with policymakers to ensure that the regulatory framework supports the long-term growth of Nigeria’s refining sector. CORAN continues to advocate for reforms that will ease the challenges facing refineries and create incentives for new investments that will scale up Nigeria’s refining capacity.
Looking Ahead: A Bright Future for Nigeria’s Refining Sector
The broader implications of this milestone are not lost on CORAN. With the first drops of PMS produced at the Dangote Refinery, the path forward looks promising for Nigeria’s petroleum refining sector. Dangote Refinery’s success story could very well be a precursor to a new chapter in Nigeria’s energy narrative—one characterized by local production, job creation, and economic resilience.
“We look forward to seeing the continued success of Dangote Refinery and its positive contributions not only to the refining industry but also to Nigeria’s economy at large,” Mr. Oyarekhua concluded. “This achievement is a demonstration of how Nigerian businesses can rise to meet the challenges of the future and emerge stronger.”
About CORAN
The Crude Oil Refinery Owners Association of Nigeria (CORAN) is the leading association representing the interests of private sector-owned refineries across the nation. With a commitment to advancing Nigeria’s refining capacity, CORAN works tirelessly to foster a conducive environment for growth within the sector. The association plays an instrumental role in advocating for policies that support industry development, striving for a future where Nigeria’s refining needs are met by local production, reducing reliance on imports, and ensuring sustainable growth for the sector and the nation at large.
In celebrating Dangote Refinery’s milestone, CORAN reiterates its dedication to supporting all members in achieving similar successes and in building a prosperous and self-sufficient refining industry for Nigeria.
CORAN Congratulates Dangote Refinery on Landmark Milestone: A New Era for Nigeria’s Petroleum Industry
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has extended a warm and resounding congratulations to Mr. Aliko Dangote and the entire team at Dangote Refinery on achieving a remarkable feat—the commencement of the production of Premium Motor Spirit (PMS). This monumental step marks a turning point in Nigeria’s pursuit of self-reliance in the petroleum sector and holds great promise for the nation’s economy.
In a statement issued by CORAN, the association’s Chairman, Mr. Momoh Oyarekhua, praised Dangote Refinery for its unwavering dedication and innovation, which have led to this historic milestone. He described the achievement as not only a win for the refinery but also a victory for the entire nation.
“This landmark event, accomplished by one of CORAN’s distinguished members, showcases the transformative power of private sector-led initiatives in reshaping Nigeria’s energy landscape,” Oyarekhua stated. “It is a testament to the boundless possibilities that can emerge when vision, innovation, and commitment are perfectly aligned. This moment reaffirms Nigeria’s place on the global energy stage.”
A Leap Towards Self-Sufficiency and Economic Growth
The commencement of PMS production at Dangote Refinery is more than just an operational achievement. It represents a significant leap forward in Nigeria’s goal to achieve self-sufficiency in petroleum product refining. For decades, Nigeria, despite being one of the world’s leading oil producers, has been heavily reliant on imported refined petroleum products. The success of Dangote Refinery signals the beginning of a new era where Nigeria’s refining capacity will no longer be an Achilles heel but a strength that boosts economic resilience.
As Mr. Oyarekhua emphasized, this achievement is a validation of the immense value that CORAN members contribute to Nigeria’s petroleum industry. “By setting new standards of excellence, Dangote Refinery has demonstrated the extraordinary impact of private sector-driven solutions in addressing the nation’s critical refining needs,” he said. “This milestone will act as a catalyst for greater innovations within the industry.”
A Proud Moment for CORAN and Nigeria
For CORAN, which is at the forefront of advocating for a stronger and more efficient refining sector, the success of Dangote Refinery is not just an individual accomplishment—it is a shared triumph. As Nigeria seeks to reduce its dependence on imported petroleum products, initiatives like this one bring the country closer to its long-term goals of energy independence and sustainable growth.
“This is indeed a proud moment for CORAN and for Nigeria as a whole,” Mr. Oyarekhua remarked. “The achievement of Dangote Refinery aligns seamlessly with CORAN’s mission of creating sustainable refining solutions that drive economic growth. We are steadfast in our commitment to supporting all our members as they work to enhance Nigeria’s refining capacity, contribute to the economy, and reduce the burden of petroleum product imports.”
The association highlighted that with local production increasing, the refining sector will play a key role in creating jobs, reducing fuel import bills, and bolstering Nigeria’s foreign exchange reserves. In addition to creating a more sustainable energy sector, it will also lead to a trickle-down effect that will stimulate various associated industries.
Inspiring the Industry and Beyond
The success of Dangote Refinery is expected to have a far-reaching impact, not only inspiring other refinery owners and stakeholders within the industry but also encouraging private sector investment across Nigeria’s energy landscape. CORAN believes that this achievement will push boundaries and encourage further advancements in the sector, laying the groundwork for even more progress.
“We remain optimistic that this ground-breaking accomplishment will inspire our other members to continue pushing the frontiers of what is possible in refining,” Oyarekhua stated. “At CORAN, we are committed to creating an enabling environment for all private refineries to thrive and help Nigeria achieve its refining goals.”
The association reaffirmed its commitment to working closely with policymakers to ensure that the regulatory framework supports the long-term growth of Nigeria’s refining sector. CORAN continues to advocate for reforms that will ease the challenges facing refineries and create incentives for new investments that will scale up Nigeria’s refining capacity.
Looking Ahead: A Bright Future for Nigeria’s Refining Sector
The broader implications of this milestone are not lost on CORAN. With the first drops of PMS produced at the Dangote Refinery, the path forward looks promising for Nigeria’s petroleum refining sector. Dangote Refinery’s success story could very well be a precursor to a new chapter in Nigeria’s energy narrative—one characterized by local production, job creation, and economic resilience.
“We look forward to seeing the continued success of Dangote Refinery and its positive contributions not only to the refining industry but also to Nigeria’s economy at large,” Mr. Oyarekhua concluded. “This achievement is a demonstration of how Nigerian businesses can rise to meet the challenges of the future and emerge stronger.”
About CORAN
The Crude Oil Refinery Owners Association of Nigeria (CORAN) is the leading association representing the interests of private sector-owned refineries across the nation. With a commitment to advancing Nigeria’s refining capacity, CORAN works tirelessly to foster a conducive environment for growth within the sector. The association plays an instrumental role in advocating for policies that support industry development, striving for a future where Nigeria’s refining needs are met by local production, reducing reliance on imports, and ensuring sustainable growth for the sector and the nation at large.
In celebrating Dangote Refinery’s milestone, CORAN reiterates its dedication to supporting all members in achieving similar successes and in building a prosperous and self-sufficient refining industry for Nigeria.
