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Coconut oil as the main ingredient. Can it be done? How to counteract the drying effect on the skin?

Hi all.
Just read a note about coconut oil striping moisture from the skin and therfore only used as a complimentary ingredient. I'd really like to make a soap using virgin coconut oil as the base (main ingredient). Is there any way I can counteract the drying effect of the coconut oil. Any help is much apprecited.
Ben (b_adams1@hotmail.com)