Nigeria's Refining Capacity: Converting Crude Supply into Economic Value
The Nigerian oil refining industry is gaining attention from investors following the Dangote Refinery Initial Public Offer (IPO), and experts say it's time to answer how the country can convert its refining capacity into lasting economic value.
Nigeria already has the refining capacity, but what remains is building the commercial ecosystem needed to put that capacity to work. This involves linking crude to refineries, refineries to markets, capital to investable projects, and infrastructure to industrial growth.
The Nigeria Oil Refining Summit (NORS) 2026, taking place from September 28 to 30 at Eko Hotels & Suites in Lagos, will focus on forging these connections. The summit is organized by the Crude Oil Refinery Owners Association of Nigeria (CORAN) and produced by The Legend & Legacy Company Ltd.
The event will bring together refiners, upstream producers, regulators, investors, banks, development finance institutions, traders, and infrastructure and service providers to examine the commercial foundations needed for a competitive refining industry. Confirmed speakers include Adegbite Falade, Chairman of the Independent Petroleum Producers Group (IPPG), and Matthew Bouyer, Chairman of the Oil Producers Trade Section (OPTS).