The Crude Oil Refinery-owners Association of Nigeria (CORAN) has confirmed the end of the Naira-for-Crude initiative of the Federal Government which was aimed at supporting local refineries.
President Bola Tinubu has pledged to raise Nigeria's crude oil production from less than 1.5 million barrels per day to above 2 million bpd in 2025.
The Crude Oil Refinery-owners Association of Nigeria (CORAN) has called on the Federal Government to consider supporting local refineries with production and processing assets to help them thrive.
