Dangote’s claims on abandoned 1,200km subsea gas pipeline not true, says FG
The decision to scrap the project was a business choice made by Dangote Group long before President Bola Ahmed Tinubu’s administration took office.
The decision to scrap the project was a business choice made by Dangote Group long before President Bola Ahmed Tinubu’s administration took office.
Refinery will meet the demands of not only Nigerians but also sub-Saharan Africa
The refinery battled crude shortage and entered into a brawl with the Nigerian Midstream and Downstream Regulatory Authority, which accused the refinery of producing substandard diesel.
There was a geometric leap in 2023 when the country imported fuel worth $2.08bn.
He was responding to the accusation that the President of Dangote Group, Aliko Dangote leveled against the NNPCL.
Dangote Group alleged that the IOCs insisted on selling crude oil to its refinery through their foreign agents,
However, the refinery has yet to produce Petroleum Motor Spirit, otherwise known as petrol.
In his bid to appease the new president, Dangote reportedly dragged his fellow billionaire, Bill Gates to Abuja in order to persuade Tinubu to rescind his decision to clampdown on Dangote and his dream project.
“But, our focus at Dangote is how to add value to the natural gas. After all, this Liquefied Natural Gas (LNG) that is being imported by various countries is used as fixed stock. They use this natural gas to generate power, fuel and as feedstock. The value-added products are thereby exported to Nigeria.
In December 2019, an ambitious refinery project in the remote Ibeju-Lekki suburb of Lagos, Nigeria, took delivery of the world’s largest single crude distillation column, to much fanfare. After years of hopes and delays, Aliko Dangote’s 600,000 barrels a day refinery – one of the world’s second biggest – is due to start operations in…