Read Time:30 Second
Dangote Industries has accused International Oil Companies (IOCs) of obstructing its refinery operations. The company claims IOCs insist on selling crude oil through foreign agents, inflating local prices by $2 to $4 per barrel above the official rate.
Dangote’s Vice President of Oil & Gas, DVG Edwin, highlighted that this practice is against the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) guidelines. Despite interventions by the NUPRC, Edwin noted that IOCs prioritize selling to Asian markets, further complicating local crude supply.
The Dangote Refinery, commissioned in May 2023, continues to face challenges in securing locally produced crude oil for its operations.
0
0
Happy
0 %
Sad
0 %
Excited
0 %
Sleppy
0 %
Angry
0 %
Surprise
0 %
