The Crude Oil Refiners Association of Nigeria (CORAN) has announced that the CORAN Summit 2025 will be held on October 6 and 7 at Eko Hotels & Suites, Victoria Island, Lagos.
With the theme “Refining: Key to Energy Security in Africa,” the two-day event will bring together leaders from government, industry, finance and civil society to shape the future of Africa’s refining sector.
Despite being a leading crude oil producer, Africa remains heavily dependent on imported petroleum products. In Nigeria, more than 90 per cent of refined fuel had previously been imported, leaving the economy vulnerable to global shocks, depleting reserves and pushing up costs. The removal of fuel subsidies in 2023 further underscored the need to boost domestic refining capacity as households and businesses struggled with rising energy prices.
Organisers said with new conventional and modular refineries coming on stream, growing private investment and ongoing policy reforms, the time is ripe to reimagine Africa’s refining future.
The summit will feature keynote sessions, technical panels, advertisements and high-level networking. Deliberations will focus on investor-friendly policies, financing and de-risking strategies, cleaner and more innovative refining technologies, regional integration under the African Continental Free Trade Area (AfCFTA), as well as job creation in the refining and petrochemical sectors.
“After decades of exporting crude and importing refined products at great cost, the time has come to refine more at home, create jobs, and secure Africa’s energy future,” said CORAN President Momoh Oyarekhua.
He added: “The CORAN Summit 2025 is not just another meeting; it is a rallying point for action, partnerships, and policy direction to transform the refining landscape.”
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According to CORAN, the gathering is expected to drive policy reforms, build stronger partnerships between government and private operators, promote global best practices, and position Nigeria as Africa’s refining hub, reducing dependence on imports and enhancing energy security across the continent.
CORAN, the umbrella body for licensed crude oil refining companies in Nigeria, stressed that the summit would mark a significant milestone in advancing sustainable refining, policy reform and private-sector-driven solutions to Africa’s energy challenges
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