CORAN Maiden Summit 2024: Opening Speech by Mr. Momoh Oyarekhua
Mr. Momoh Oyarekhua, Chairman of OPAC Refineries, delivered the opening speech at the maiden summit of the Crude Oil Refinery Owners Association of Nigeria (CORAN) in 2024. In his address, Oyarekhua emphasized the urgent need for Nigeria to transition from being an importer to a net exporter of petroleum products. He outlined the historical evolution […]
CORAN Summit Dinner 2024: Chairman Mr. Momoh Oyarekhua’s Welcome Address on Nigeria’s Petroleum Export Vision and Modular Refinery Progress
The CORAN Summit dinner, held on Monday, 7th October 2024, was a significant event. Our Chairman, Mr. Momoh Oyarekhua, who hosted the occasion, delivered a compelling welcome address. In his speech, he emphasized the importance of Nigeria’s goal to become a net exporter of petroleum products. Mr. Oyarekhua also expressed his gratitude for the support […]
Unlocking Nigeria’s Refining Potential: An Interview with the Chairman of OPAC Refineries
Can you introduce OPAC Refineries to our audience? OPAC Refineries is a modular refinery in Nigeria, promoted by our parent company, OMSA Integrated Services Limited, with the core mission to refine crude oil and supply clean fuels in Nigeria and Sub-Saharan Africa. We started our 10,000 bpd proof-of-concept project in 2017, with the plan to […]
ONE-VISION Medical Outreach to Host Communities by OPAC REFINERIES
In a significant gesture of corporate social responsibility (CSR), OPAC Refineries recently organized a transformative medical outreach program for the host communities of Umuseti Ogbe, situated in the Ndokwa West Local Government Area of Delta State. Over three days, more than 2,000 individuals benefited from free eye screenings and cataract surgeries, marking a pivotal moment […]
CORAN Chairman Highlights Impact of Insufficient Crude Supply on Nigerian Refinery Development
Mr. Oyarekhua highlighted the obstacles encountered in the implementation of the Domestic Crude Supply Obligation (DCSO), where the association has been actively engaging with regulators to ensure the full implementation of the DCSO as stipulated by the Petroleum Industry Act (PIA) in Sec 109. This law was specific for local refineries not to be starved […]
Inadequate Crude Supply to Nigerian Refineries Hinders Development, Says CORAN Chairman
Inadequate Crude Supply to Nigerian Refineries Hinders Development, Says CORAN Chairman The Chairman of the Crude Oil Refineries Owners Association of Nigeria, Mr. Momoh Oyarekhua, recently discussed the challenges faced by the local refinery owners in Nigeria during an appearance on the business morning program on Channels TV. Mr. Oyarekhua highlighted the obstacles encountered in […]
Senator Ned Munir Nwoko’s Visit to OPAC Refinery: A Commitment to Community and Environmental Wellbeing
Senator Prince Ned Munir Nwoko, the Vice Chairman on Environment and representative of the Delta North Senatorial District, visited the OPAC Refinery on Monday, June 3, 2024. Accompanied by his team, Senator Nwoko received a warm welcome from the OPAC management team, led by the Managing Director, Alexander Novikov, and community representatives from Umuseti and […]
FG should float $1bn fund to complete new refineries — Refinery owners
However, President of Crude Oil Refinery-owners Association of Nigeria, CORAN, Mr. Momoh Oyarekhua, said: “ The coming on stream of Dangote Refinery is a very good development, especially as it would reduce huge dependence on imported petrol, conserve foreign exchange and create additional jobs. “The government needs to support the construction of other indigenous refinery […]
Advocating for Local Crude Refining and Naira Transactions: Insights from OPAC Refinery Chairman
Mr. Momoh Oyarekhua, Chairman of OPAC Refinery, recently participated as a panelist in the monthly Nigerian-South African Chamber of Commerce breakfast meeting. During the session, he addressed critical issues related to Nigeria’s current importation of refined petroleum products. Mr. Oyarekhua posed a thought-provoking question: “Since we built the first refinery in Nigeria, have we ever […]
NCDMB on a working visit to OPAC Refineries
OPAC Refineries hosts the delegate from the Board conducting a regulatory visit in ensuring Nigerian Content Performance.
