Dangote Breaks Silence Amid Reports NNPC Refused To Supply Refinery Crude Oil for Operations

Dangote Breaks Silence Amid Reports NNPC Refused To Supply Refinery Crude Oil for Operations

  • Aliko Dangote has reacted to allegations that NNPC refused to supply crude oil to the Dangote Refinery
  • The refinery, which can process 650,000 barrels of crude missed its August production deadlines since it was commissioned in May
  • This fueled speculation that NNPC which is also a shareholder, was to be blamed for refusing to supply crude

Africa’s wealthiest man, Aliko Dangote, has reacted to reports that the Nigerian National Petroleum Company Limited (NNPC) refused to supply crude oil to Dangote’s new refinery.

Some media reports had claimed that Dangote Refinery could not start operation in August because of no supply.

The reports quoted the company’s Group Executive Director, Devakumar Edwin, from an interview he granted to S&P Global Commodity Insights.

Dangote refinery NNPC
Dangote shows support for NNPC limited
Photo credit: Dangote refinery
Source: Getty Images

Dangote defends NNPC

Reacting, Dangote in a brief statement, denied the claims, stressing that Mele Kyari-led NNPC was ready and willing to supply the refinery with crude oil, ThisDay reports.

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He noted that the crude oil would arrive in a few weeks to enable the commencement of refining operations at the facility.

Africa’s richest man added that NNPC has been very encouraging and supportive in their business trajectory in the areas of oil and gas.

His words:

“Being a shareholder and a responsive partner, it is an aberration to assume that the NNPC will in anyway do anything to truncate or delay the commencement of operations of our refinery. We will start refining with our Nigeria crude.”

“We deeply appreciate our partnership with the NNPC and its subsidiaries, under the leadership of Group Chief Executive Officer, (GCEO) NNPC Ltd., Mr. Mele Kyari.”

Dangote Refinery is expected to begin producing up to 370,000 barrels per day of diesel and jet fuel in October 2023 and gradually increase production to meet the 650,000 barrels per day by November 30.

Read also

Dangote refinery to sell petrol to Nigeria in dollars, not naira, executive director gives reasons

NNPC speaks on plans to relocate headquarters from Abuja to Lagos

Meanwhile, in another report, the NNPCL has reacted to reports that there are plans to relocate the headquarters from Abuja to Lagos.

Mele Kyari, the Group Chief Executive Officer (GCEO) of NNPC Limited, made the clarification when responding to questions from lawmakers.

The headquarters of NNPC consists of four identical towers, the complex is located on Herbert Macaulay Way, Central Business District Abuja.

Source: Legit.ng


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