• info@ocmlng.com
  • 0201-2914775

Refiners decry crude diversion, warn of underutilised capacity

Home > market news
Financial News

Refiners decry crude diversion, warn of underutilised capacity

23 Apr, 2026

Local refiners under the umbrella of the Crude Oil Refinery Owners Association of Nigeria have raised concerns over the diversion of crude oil allocated for domestic refining, warning that inconsistent deliveries are undermining plant utilisation, financing, and Nigeria’s energy security. The CORAN Board of Trustees Chairman, Emmanuel Ihenacho, stated this during a courtesy visit to the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, yesterday..............................….......READ MORE