Tag: Dangote Refinery

Dangote, Marketers In War of Words As Petrol Price Politics Degenerates

Aliyu Aliyu

. You’re unfair to Nigerians, Imported petrol Cheaper than your N990/litre, Marketers bomb Dangote . Any imported petrol cheaper than ours substandard, says Dangote   The petrol price politics rocking Nigeria has degenerated with Dangote Refinery and marketers embroiled in unprecedented war of words. Platforms Africa reports that after two months of petrol production, Dangote Refinery on Sunday disclosed its price for the product, a move that has stirred reactions from stakeholders including marketers. Rising under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), the…

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Minister To NNPC: Shelve Running Govt Refineries, Face Equity In Dangote Refinery, Others

ADEOLA YUSUF

. At CORAN Summit, Lokpobiri orders modular refineries committee to give concession to local bidders . As Dangote says, he built 650,000 barrels/day refineries without a single incentive   Minister of state for Petroleum Resources (oil), Heineken Lokpobiri, on Tuesday charged the Nigerian National Petroleum Company Limited (NNPCL) to shelve running of its refineries and take equity in private refineries. Platforms Africa reports that Lokpobiri who said this at the maiden edition of Crude Oil Refiners Association of Nigeria ( COREN) Summit in Lagos, maintained that the government has also…

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‘Where Is Your Petrol?’ Group Queries Dangote Refinery Product’s Delivery Delay

Aliyu Aliyu

The Justice Action Alliance (JAA) has called out the Dangote Refinery to be transparent about its dealings, especially on petrol, saying that Nigerians are tired of the confusion trailing the availability and pricing of the product from the private refinery. Dangote Refinery had, on Tuesday, revealed that the Federal Executive Council would be the one to determine the price for the petrol produced in the refinery. The FEC, it declared, was already working on a new pricing arrangement for petrol produced from the facility. NNPC Yet To Lift Our Petrol…

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‘Fired 2 Weeks After Inauguration,’ Why Ugochinyere-led Oil Sector Probe committe Was Disolved

Aliyu Aliyu

  The panel was set up to look into Dangote Refinery, NMDPRA’s substandard diesel allegation, counter allegation among others     The Speaker of the House of Representatives, Abbas Tajuddeen, has given reason for dissolving the Honourable Ikenga Ugochinyere-led ad-hoc Joint Downstream and Midstream Committee investigating the importation of adulterated petroleum products, the non-availability of crude oil for domestic refineries, and other energy security issues. Recall that the oil sector regulatory body, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, had accused Dangote Refinery of refining petroleum products with high…

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‘20% To 7.2%,’ NNPC Reacts As Dangote Says Firm’s Stake in His Refinery Depleted

ADEOLA YUSUF

“We made a commercial decision to cap our investment at the amount already paid.” Word-for-word of what NNPCL spokesman, Olufemi Soneye, said on the claim by Dangote   Africa’s richest man, Aliko Dangote, says the Nigerian National Petroleum Company (NNPC) Limited no longer owns 20 percent stake in Dangote Petroleum Refinery, a statement that has drawn a reaction from the state oil firm. Speaking during a press briefing at the refinery on Sunday, Dangote said NNPC now owns 7.2 percent of the refinery over failure to pay the balance of…

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Submit Cargo Price Quotes Monthly, NUPRC Orders Oil Producers, Refiners

ADEOLA YUSUF

‘Weeks after Dangote Refinery alleged sabotage by IOCs to starve it of crude stock;’ Here are the details of the crucial meeting where upstream oil sector’s regulator and producers agreed on sustainable crude supply to local refiners   About five weeks after Dangote Refinery alleged sabotage by International Oil Companies (IOCs) to starve it of crude stock, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has directed producers and refiners to provide tje commission with cargo price quotes on crude supply and delivery for effective monitoring and regulation of transactions among…

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We’d Have Run Away If We Knew What We Were Going Into, Dangote Bares It All

ADEOLA YUSUF

  ‘It was very, very, very tough… I feel proud as an African that I’ve been able to prove that it can be done and we have done it.” . ‘PMS will flow from refinery by the third week of July,’ Aliko explains how Africa Continental Free Trade Area, AfCFTA agreement can work     Aliko Dangote On CNN So, if Aliko Dangote, President and Chief Executive of Dangote Industries Limited, and Africa’s richest man, says, in retrospect, that had he known the grand scope of what he was getting…

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