The Tinubu government neglected Dangote Refinery to export crude oil to Indonesia and import finished products from the same country, Rabiu Umar, the Group Chief Commercial Officer at Dangote Industries Limited,
Umar, who made the disclosure in an interview with Channels Television on Monday, stated this is coming despite the 650,000 barrels per day Dangote refinery’s inability to get adequate crude oil supply in Nigeria.
“Whilst we are going to import cargoes abroad. Most of the cargo from Nigeria is sold to Indonesia. So the question is, does it make sense to take cargo from Nigeria to sell to Indonesia and then you are also importing the same finished product to Nigeria? It does not make sense to me”, he said.
“We expect to see an improved supply of crude oil to domestic refineries”, he added.
He, however, reiterated that Dangote Refinery will commence the domestic supply of fuel in August 2024.
The development comes amid the fight between the Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority over substandard products.
The Chief Executive Officer of NMDPRA, Farouk Ahmed last week in an interview with TVC claimed that Dangote products were inferior.
However, Aliko Dangote, the owner of Dangote Refinery while receiving lawmakers who visited the refinery last week, dismissed Ahmed’s statement that its products were inferior.
Rabiu on Monday further clarified that Dangote Refinery products are not substandard but rather among the best in the World.
Leave a Reply