The Nation Newspaper IOCs frustrating rollout of petrol, says Dangote Refinery
Dangote Group has accused International Oil Companies operating in the country of deliberately sabotaging Dangote Refinery’s plan to roll out petrol into the market.
He, however, added that despite these challenges, the refinery is on its last lap of testing ahead of roll out next month. According to him, while the Nigerian Upstream Petroleum Regulatory Commission has been trying its best to allocate crude to Dangote Refinery, such efforts are being frustrated by the IOCs.
“It appears that the objective of the IOCs is to ensure that Nigeria remains a country which exports crude oil and imports refined petroleum products. “Since the U.S., EU and UK imposed a Price Cap Scheme from 5th February 2023 on Russian Petroleum Products, a large number of vessels are waiting near Togo with Russian ultra-high sulphur diesel and, they are being purchased and dumped into the Nigerian Market.
He appealed to the Federal Government and the National Assembly to urgently intervene for the speedy implementation of the Petroleum Industry Act 2021 and to ensure the interests of Nigeria and Nigerians are protected.
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