Lagos, Nigeria – The federal government of Nigeria has overlooked the Dangote Refinery located in Lagos state in favour of exporting crude oil to Asia country, Indonesia and then importing finished products from the same country. The Group Chief Commercial Officer at Dangote Industries Limited, Rabiu Umar revealed this during an interview with Channels Television on Monday.
Umar lamented that 650,000 barrels per day Dangote refinery’s is unable to get adequate crude oil supply from the Nigeria authority.
“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.
According to him, there should be an adequate supply of crude oil to domestic refineries in the country. However, he noted that Dangote Refinery will begin the local supply of fuel in August 2024.
Meanwhile, the federal government of Nigeria through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, along with other stakeholders, held a meeting on Monday with Aliko Dangote, the Chairman and CEO of Dangote Group, to discuss issues concerning the Dangote Refinery.
The meeting intends to finding a sustainable and lasting solution to the current impasse affecting the Dangote Refinery, such as license for the commencement of operations, crude oil supply, among others.
The Minister emphasizes the importance of cooperation and synergy among all stakeholders to ensure the success and optimal performance of the Oil and Gas sector, which is pivotal for Nigeria’s economic growth and energy security.
