Oil refining boom needs bigger upstream engine

BusinessDay | 29-09-2026 04:35am |

Nigeria's oil refining sector is experiencing a boom, but modular refiners are facing difficulties in accessing crude oil. Domestic refineries require 1.5 million barrels per day, according to the Independent Petroleum Producers Group (IPPG). The Major Energies Marketers Association of Nigeria (MEMAN) is calling for clearer data on the sector. The situation underscores the need for a stronger upstream engine to support the refining boom.

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