The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said that there is renewed focus on revamping Nigeria’s refining capacity through strategic partnerships, alongside ongoing efforts geared towards the start-up and optimal functioning of government owned refineries.

PETROAN National President, Dr Billy Gillis-Harry stated that the association believes that the timely operationalisation of these refineries remains critical to achieving energy security and reducing the nation’s dependence on imported petroleum products.

The President in a statement yesterday by National Public Relations Officer, PETROAN, .Dr Joseph Obele, commended efforts aimed at boosting crude oil production and strengthening the value chain across upstream, midstream, and downstream operations.

He said: “PETROAN as a key stakeholder in the downstream sector, PETROAN acknowledges the positive impact of these reforms on product availability and distribution, though we recognize that challenges still exist in pricing stability and supply consistency.

We therefore encourage sustained engagement with industry players to ensure that the benefits of these reforms are fully felt at the retail end.