•Say support for local production will guarantee price reduction
Emmanuel Addeh in Abuja
The Crude Oil Refineries Association of Nigeria (CORAN) has backed Dangote Oil Refinery and Petrochemicals Limited on its recent allegation that Nigerian oil producers, especially the International Oil Companies (IOCs) were actively obstructing the refinery’s operations by refusing to guarantee crude supply.
Reacting to the report, the Chairman of CORAN, MomohOyarekhua, said that Dangote Refineries, as a member of CORAN, expressed exactly the concerns of many other members who had been faced similar bottlenecks had observed.
A statement from the organisation said Oyarekhua spoke on Channels Television, stressing that the problem had caused serious operational dilemmas due to the hurdles of obtaining crude oil locally for operations.
“I will take it from the angle of producers of crude rather than focusing on the IOCs alone. What we usually call IOCs are the…
Source: Thisday Newspaper
