During the visit, Mr Dangote pledged to collaborate with the new NNPC management to ensure energy security for Nigeria.
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“There is no competition between us, we are not here to compete with NNPC Ltd. NNPC is part and parcel of our business and we are also part of NNPC. This is an era of co-operation between the two organisations,” Mr Dangote was quoted as saying. The Thursday meeting between both parties is the first official engagement since the previous GCEO of the company was removed.
In July last year, the Federal Executive Council directed NNPC Ltd to engage Dangote Refinery and other local refineries to resolve the dispute over the sale of crude oil to them. Reacting to reports alleging unilateral termination of the crude oil sale agreement between NNPC and Dangote Refinery, the Nigerian government on 11 March said the policy framework enabling the sale of crude oil in naira for domestic refining remains in force.The refinery said the decision is necessary to avoid a mismatch between its sales proceeds and its crude oil purchase obligations, which are currently denominated in dollars.
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