Dangote Groups of company has accused International Oil Companies, IOCs operating in the country of sabotaging Dangote Refinery’s plan to roll out petrol into the market.
The company stated that the IOCs are doing this to ensure that the Nigeria remains dependent on petrol imports perpetually, adding that they have employed underhand tactics in crude pricing and deliberately stalling supply to frustrate Dangote Refinery.
Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, who made this known in Lagos, explained that despite these challenges, the refinery is on its last lap of testing ahead of roll out next month.
He added that the International Oil Companies have raised local crude prices above the international market price, forcing it to import crude from countries as far as the United States, with its attendant high costs.
Edwin also blamed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, for granting licences indiscriminately to marketers, who, according to the firm, import dirty refined products into the country.
