CORAN Urges Collaboration Among Stakeholders In Downstream Sector

The Crude Oil Refinery Owners Association of Nigeria (CORAN) has called for unity and practice among stakeholders successful the downstream lipid and state sector, urging the Dangote Refinery and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) to acceptable speech rivalry successful the involvement of Nigeria’s refining future.

The relation made the telephone successful a property connection issued successful Lagos connected Thursday, signed by its Chairman, Mr. Momoh Oyarekhua.

The existent hostility betwixt the Dangote Refinery and DAPPMAN follows disagreements implicit pricing, proviso arrangements, and marketplace structure. DAPPMAN, which represents depot owners and petroleum marketers, has raised concerns astir merchandise availability and competitory practices, portion the Dangote Refinery insists that home refining indispensable beryllium allowed to stabilize without undue outer pressure.

CORAN noted that these exchanges, which person played retired successful the media, person sparked intensive debates that hazard polarizing the manufacture astatine a clip erstwhile nationalist involvement demands corporate focus.

In the statement, CORAN stated, “The Crude Oil Refinery Owners Association of Nigeria (CORAN) notes with interest the ongoing bickering betwixt the Dangote Refinery and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN). While disagreements are expected successful a competitory market, the existent rift risks distracting the federation from a much urgent reality: Nigeria is connected the cusp of a refining gyration that indispensable not beryllium stifled by primordial sentiments oregon vested interests.

“For decades, Nigeria endured the paradox of being Africa’s starring crude lipid shaper yet importing astir of its refined petroleum products. This dependence drained scarce overseas exchange, enriched overseas refiners, and entrenched middlemen structures. Today, with the commissioning of large-scale projects similar the Dangote Refinery alongside respective modular refineries crossed the country, the imagination of home refining dominance is nary longer distant—it is wrong reach.

“This infinitesimal represents the instauration of a caller economical windfall for Nigeria. It is, however, important for stakeholders, particularly DAPPMAN members and vessel workplace operators, to admit the cardinal changes successful the vigor worth chain. The emergence of home refining poses an inherent menace to the aged import-dependent concern exemplary that sustained depots and bulk marketers for decades. But alternatively than spot this arsenic extinction, CORAN urges vessel workplace owners and marketers to clasp collaboration with section refineries to guarantee their continued relevance successful the caller era.

“Refineries, whether mega facilities oregon modular plants, cannot thrive successful isolation. They necessitate businesslike merchandise evacuation, storage, and retail distribution. This is wherever DAPPMAN members stay critical. By repositioning themselves arsenic partners—handling logistics, determination distribution, storage, and last-mile delivery—tank workplace operators tin reinvent their businesses to align with home refineries. CORAN recognizes the contributions of some parties. DAPPMAN operators sustained the federation done decades of import reliance, ensuring that substance reached consumers contempt planetary and section challenges.

“At the aforesaid time, the Dangote Refinery and indigenous refiners correspond a strategical displacement toward self-sufficiency, reduced forex pressure, and occupation creation. Both sides person made sacrifices successful the nationalist interest; some merit acknowledgment. What Nigeria cannot spend is for either side’s vested involvement to derail the refining renaissance present unfolding. The way guardant is clear: collaboration, not confrontation.

“Refineries request marketers, and marketers request home supply. Together, this synergy tin thrust efficiency, stabilize prices, and present affordable vigor to Nigerians. CORAN truthful calls for dialogue, cooperation, and integration crossed the downstream worth concatenation to guarantee nary stakeholder is near behind. Nigeria cannot spend to miss this historical opportunity. The refining assemblage indispensable beryllium nurtured arsenic the motor of economical transformation—not suffocated connected the altar of rivalry”.

The Association further acknowledged the historical contributions of some sides portion urging restraint successful the involvement of citizens and the economy, noting that this play represents a caller section successful nationalist resilience by placing refining capableness backmost wrong Nigeria’s borders. Both sides, CORAN emphasized, person made sacrifices and merit recognition.