Dangote Petroleum Refinery has stated that it is false to imply that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is having trouble getting refined goods out of its refinery.
The company responded to IPMAN’s assertion on Wednesday that its members are unable to load petrol from the Dangote Refinery in Lagos, even after they have paid N40 billion to the Nigerian National Petroleum Company Limited (NNPCL).
Speaking on Channels Television’s Sunrise Daily show, IPMAN President Abubakar Garima said he was surprised to hear that Aliko Dangote, the $20 billion refinery’s owner, claimed that marketers were boycotting his facility in order to purchase petrol from outside.
In contrast, the Dangote Refinery reiterated in its statement issued via its X page that it has not been paid by IPMAN for the procurement of refined petroleum products.
It stated that although discussions are ongoing with IPMAN,
As a result of the fact that the payment in question was made through NNPCL and not Dangote Refinery, the business stated that it could not be held accountable for any payments made to other parties.
Similarly, it stated that NNPCL has neither authorised nor approved the company’s release of Premium Motor Spirit (PMS) to IPMAN.
Dangote Refinery recommended IPMAN to register with the company directly and pay for petroleum goods, highlighting its ability to supply Nigeria’s need for all petroleum products.
TimesNow.com.ng reported that the head of Ghana’s oil regulator stated that once Nigeria’s Dangote Oil Refinery reaches full capacity, Ghana may purchase petroleum products from the plant..
Reuters reported that Mustapha Abdul-Hamid, the chairman of Ghana’s National Petroleum Authority, stated at the OTL Africa Downstream oil conference in Lagos that this may eliminate $400 million in petroleum imports from Europe each month.
He said that by eliminating freight costs, importing from Nigeria instead of Europe would lower the cost of other goods and services. He predicted that African nations will eventually settle on a single currency, which would reduce demand for US dollars.
Source: TimesNow.com.ng
