Port Harcourt refinery: Will NNPCL be able to compete with Dangote?
We are anxiously waiting for a similar gesture to Kaduna Refinery. A country that cannot process its natural resources is still a colony.
We are anxiously waiting for a similar gesture to Kaduna Refinery. A country that cannot process its natural resources is still a colony.
NNPC Ltd. once had a football club, the NNPC FC, Warri, which played in the Division One of the then Nigeria National League before it was disbanded in 1989.
The President of the Dangote Group, Aliko Dangote, said $4bn had been spent by the Federal Government in an attempt to revive the nation’s refineries.
The NNPC Ltd has already indicated that it cannot continue to sustain fuel importation at rising cost while passing the cost to final consumers is proving a difficult decision.
It was observed that promises made to Nigerians by the Federal Ministry of Petroleum Resources and NNPC about the refinery have continued to witness multiple failures.
By Damilola Aina The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, into the country. The claim was listed as “Exchange rate differential on PMS and other joint venture taxes” on petrol products imported by…
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.
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.
But regulatory and feedstock issues continue to hinder the pace of progress