By Crude Oil Refinery Owners Association of Nigeria has projected that importers of petroleum products in Nigeria may soon go out of business if they refuse to follow local refining trends.
CORAN stated this as the Federal Government ordered the return of the naira-for-crude deal despite calls for its cancellation by the Depot and Petroleum Products Marketers Association of Nigeria.
In an interview with our correspondent, the Publicity Secretary of CORAN, Eche Idoko, dismissed the claims by DAPPMAN that the sale of crude to local refineries in naira affected the economy negatively.
According to Idoko, the depot owners, who are primarily importers of petroleum products, made the claims because they would not want to go out of business.
