NNPC conditions: Dangote refinery may dump local market, export petrol
The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel unless it was cheaper than that of the international market.
The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel unless it was cheaper than that of the international market.
The scarcity should ease in the next few days as more stations recalibrate and begin operations.
The refinery idea was conceived 25 years ago to transform the country’s energy landscape and liberate Nigerians from the economic dependence that has been holding the country back.
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.
Margaret Oguntala described the facility as “mind-blowing”. She added that the refinery project from construction to employment, gives her hope and assurance that young Nigerian engineers are ready to take up the world.
However, NNPCL’s Vice President (Downstream), Dapo Segun, attributed the shortage to rains, lightning and thunderstorms
The Federal Executive Council approved that the 450,000 barrels meant for domestic consumption be offered in Naira to Nigerian refineries, using the Dangote refinery as a pilot.
Aliko Dangote has even gone public with some of his complaints about the situation.
Bayo Onanuga, made this known in a post via his official X handle on Monday.
We have been seeing many demarketing campaigns to discredit the Dangote Petroleum Refinery, and given the negative impact of this, which has caused panic in the country.