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Nigerian Govt, IOCs Plotting For Our Failure– Dangote Refinery

Nigerian Govt, IOCs Plotting For Our Failure– Dangote Refinery


The Vice President of Dangote Oil and Gas Industries, Devakumar Edwin, has accused International Oil Companies, IOCs, in Nigeria of trying to frustrate the survival of Dangote Oil Refinery and Petrochemicals.

Mr Edwin, while addressing newsmen in Lagos, lamented the activity of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, in granting licences, indiscriminately, to marketers to import dirty refined products into the country.

ALSO READ: Aliko Dangote Confirms New Date For Petrol Production From Refinery

Mr Edwin alleged that the IOCs were deliberately and willfully frustrating the refinery’s efforts to buy local crude by jerking up high premium price above the market price.
He claimed that this forced Dangote to import crude from countries as far as the United States, with its attendant high costs.

He claimed that while the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, was trying its best to allocate the crude for the company, the IOCs were deliberately and willfully frustrating all efforts to buy the local crude.

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Segun Akinlabi

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