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Author Topic: Dangote refinery not allocated local oil.... has to import  (Read 2153 times)

Online gout

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Dangote refinery not allocated local oil.... has to import
« on: November 19, 2023, 12:46:32 PM »
Mwafrika government officials are just crazy. Will never fathom such madness.

Quote
On September 20, 2023, it was reported that the Dangote Petroleum Refinery had resorted to importing crude oil and was anticipating its first cargo within about two weeks, as disclosed by Devakumar Edwin, the Executive Director of Dangote Group.

The report also highlighted that, even though the Nigerian National Petroleum Company Limited trades crude oil on behalf of Nigeria, the NNPCL has already allocated its crude to other entities, which further complicates the situation.
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline KenyanPlato

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Re: Dangote refinery not allocated local oil.... has to import
« Reply #1 on: November 19, 2023, 01:31:59 PM »
It is the market. They will eventually buy from Nigeria if it makes economic sense to do so

Offline RV Heavy Hitter!

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Re: Dangote refinery not allocated local oil.... has to import
« Reply #2 on: November 19, 2023, 02:40:34 PM »
Laws and contracts in books in most subharan countries are 99-999 years. Maybe there is 50-60 years left on the contract that is why lol!
The future belongs to those who have a quarter of the character and integrity of RV Heavy Hitter!
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