CORAN Summit 2025 Set to Shape Africa’s Refining Agenda for Energy Security

The Crude Oil Refiners Association of Nigeria (CORAN) has announced the CORAN Summit 2025, scheduled for October 6–7, 2025, 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 chart a new course for Africa’s refining future.

Why Refining Matters for Africa’s Energy Future

Africa is a major crude oil producer, yet it remains heavily dependent on imported petroleum products. In Nigeria, until recently, more than 90% of refined fuel was imported, exposing the economy to global price shocks, depleting foreign reserves, and inflating local costs.

The 2023 removal of fuel subsidies further highlighted the urgency of building a self-sufficient refining sector, as households and industries struggled with rising energy prices.

Today, however, with:

• The rise of conventional and modular refineries,

• Growing private sector investments, and

• Accelerating policy reforms,

…the opportunity to reimagine Africa’s refining future has never been stronger.

What to Expect at CORAN Summit 2025

The summit will feature:

• Keynote sessions from industry and government leaders.

• Technical panels on refining technologies, financing, and policy reforms.

• High-level networking opportunities for investors and stakeholders.

• Discussions on:

  • Investor-friendly policies and de-risking strategies.

  • Innovative and cleaner refining technologies.

  • Regional integration under the African Continental Free Trade Area (AfCFTA).

  • Energy transition, job creation, and skills development in refining and petrochemicals.

Voices from CORAN

“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,”
— Mr. Momoh Jimah Oyarekhua, President of CORAN

“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.”
— Oyarekhua added

Impact on Nigeria and Africa

The gathering is expected to:

• Catalyze policy reforms for sustainable refining.

• Forge new partnerships between governments and private operators.

• Promote global best practices in refining and petrochemicals.

• Position Nigeria as Africa’s refining hub, reducing import dependence.

• Enhance energy security across the continent.

About CORAN

The Crude Oil Refiners Association of Nigeria (CORAN) is the umbrella body for licensed crude oil refining companies in Nigeria. It champions:

• Sustainable refining practices.

• Private-sector-driven solutions to Africa’s energy challenges.

• Policy advocacy to strengthen energy security.

The CORAN Summit 2025 marks a milestone in advancing these goals, setting the stage for Africa’s energy independence and economic resilience.