Marketers warn of supply disruption as Dangote Refinery moves to bypass distribution channels
We are not against the refinery. But the distribution model proposed is unsustainable.
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Behind the oily curtain
The new NNPC administration must confront these tough questions about the corporation’s activities and finances
FG sells ₦219.38 billion worth of crude oil to Dangote in four months
This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in US dollars.
Marketers insist on willing-buyer and willing-seller deal, as NNPC buys N766/litre from Dangote
Chinedu Ukadike, said the market should be open for all in line with the willing-buyer and willing-seller commitment earlier made by the corporation.
Our trucks ‘ll start loading petrol from Dangote Refinery next week –Marketers
Oil marketers in the country have confirmed that they will start lifting Premium Motor Spirit (petrol), from the refinery in few days.
Petrol scarcity worsens as independent marketers load at N780/litre
However, NNPCL’s Vice President (Downstream), Dapo Segun, attributed the shortage to rains, lightning and thunderstorms
Port Harcourt refinery begins operation July
the development would stimulate economic activities, reduce the price of petroleum products and ensure adequate supply.
N520bn monthly fuel import expected to drop as Dangote begins supply June
The promise of Dangote to end fuel import may be a relief to marketers and Nigerians, who are yet to fully recover from the recent fuel scarcity that nearly brought the economy to a halt in Lagos, Abuja and other parts of the nation.
Anxiety as marketers predict six-month fuel scarcity, prices rise
The sole importer of the commodity – Nigerian National Petroleum Company Limited, has repeatedly complained of the enormous burden of shouldering fuel subsidy for the country.
It’s not in our interest to remain sole importer of petrol —NNPC boss
But speaking during a downstream stakeholders’ meeting which held at the NNPC Towers, Abuja, Group Managing Director of the corporation, Mallam Mele Kyari, argued that it was not in the best interest of the national oil company to be the sole importer of fuel. A press release by the corporation’s Spokesman, Dr. Kennie Obateru, quoted Kyari as saying that concrete steps were being taken by the federal government to address the main concerns of marketers, especially the issue of availability of forex.