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Home»News»FG snubbing our refinery to export crude oil to Indonesia, Dangote Group cries out
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FG snubbing our refinery to export crude oil to Indonesia, Dangote Group cries out

Daily News HubBy Daily News HubJuly 22, 2024No Comments
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Group Chief Commercial Officer at Dangote Industries Limited, Rabiu Umar, on Monday, accused the Nigerian government of neglecting Dangote Refinery to export crude oil to Indonesia and import finished products from the same country.

Umar made this allegation while speaking on an interview programme on Channels Television on Monday.

He lamented that inspite of the 650,000 barrels Nigeria produces per day, Dangote refinery has been unable to get adequate crude oil supply in Nigeria.

He said, “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.

“We expect to see an improved supply of crude oil to domestic refineries”.

But Umar reiterated that Dangote Refinery will commence the domestic supply of fuel in August 2024.

The development comes against the backdrop of the recent impasse between the Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority over substandard products.

Recall that last week, Farouk Ahmed, the Chief Executive Officer of NMDPRA, alleged that Dangote products were inferior.

Rabiu, however clarified that Dangote Refinery products are not substandard but rather among the best in the World.

Owner of Dangote Refinery, Aliko Dangote, had also earlier dismissed Ahmed’s statement that its products were inferior.

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