- Crude Oil Ban
- Refinery Boost
- PETROAN Support
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the government’s decision to ban the exportation of crude oil allocated to local refineries. The move is aimed at ensuring a steady supply of raw materials to enhance domestic refining capacity.
According to PETROAN, this policy will reduce Nigeria’s dependence on imported petroleum products, stabilize fuel prices, and strengthen the local oil industry. The association also urged stakeholders to support the initiative, emphasizing its potential to create jobs and boost economic growth.
By prioritizing local refining, the government seeks to improve energy security and maximize the benefits of Nigeria’s natural resources for national development.
