The Nigerian Bar Association (NBA) has called for the full implementation of President Bola Ahmed Tinubu’s directive on supplying crude…
Browsing: Dangote refinery
To clarify, we have never accused NNPC of not supplying us with crude. Our concern has always been NUPRC’s reluctance to enforce the domestic crude supply obligation and ensure that we receive our full crude requirement from NNPC and the IOCs.
OPEC identified the Dangote Refinery as one of the key players poised to challenge traditional suppliers in Europe. The report underscores how the refinery’s increasing output, coupled with robust flows from the Middle East and new supplies from Mexico’s Olmeca refinery, could reshape the dynamics of the European oil market in the mid-term.
“As a government, we are committed to protecting our local industries. There is no two ways. We are committed to protecting all stakeholders in the oil sector; not just one company, not just one regulator, but every stakeholder deserves protection, which is the government’s responsibility.
“The decision to cap its equity participation at the paid-up sum was made and communicated to Dangote Refinery several months ago,” the spokesperson of the company Olufemi Soneye said in a statement.
“Another point that I think is important is that nobody knows the consumption in Nigeria of petroleum. We know we spend $600 million on fuel importion every month, but the issue here is that all the neighboring countries are benefiting.
The De Renaissance Patriots Foundation has requested the Lagos State Governor Babajide Sanwo-Olu, to provide clarification on the alleged $100…
It is now clear that some persons in government and outside government have been identified as the cabal holding Nigeria’s oil sector by the jugular. We have identified them, and we shall reveal their names to the people of Nigeria if this trend continues,” he said.
The name “Dangote” resonates in virtually every household in Nigeria and millions of other households in the rest of Africa. In Nigeria, no household can escape the daily use of a series of household essential commodities from the Dangote group: salt, sugar, rice, fruit drinks, vegetable oil, seasoning pasta, and other products such as cement, flour, etc, among others.
President Bola Ahmed Tinubu has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other…