Aliko Dangote Clarifies NNPC’s Support for Refinery Project, Pledges to Utilize Nigerian Crude for Operations
Aliko Dangote, President of the Dangote Group, has addressed misconceptions regarding crude oil supply to his 650,000 barrels per day (bpd) refinery project. Dangote affirmed that the Nigerian National Petroleum Company Limited (NNPC) is fully committed to supplying crude oil for the facility’s operations. He emphasized that the NNPC, under the leadership of Group Chief Executive Officer Mele Kyari, has been supportive and encouraging throughout the project. Dangote further reiterated his gratitude for the partnership, affirming the refinery’s mission to enhance Nigeria’s self-sufficiency in fuels and reduce petroleum imports.
Key Points:
- Aliko Dangote defends NNPC, asserting their readiness to supply crude oil for the refinery’s operations.
- Misconceptions arose from an interview with Group Executive Director Devakumar Edwin, causing confusion about feedstock supply.
- Dangote appreciates NNPC’s support and commitment to the project’s success.
- The refinery at the Lekki Free Trade Zone aims to bolster Nigeria’s fuel self-sufficiency and reduce petroleum imports.
Analysis: Aliko Dangote’s statement clarifies the strong partnership between the Dangote Group and NNPC, dispelling any doubts about crude oil supply for the refinery. This assurance underscores the pivotal role the refinery project plays in Nigeria’s energy landscape, striving for self-reliance and reducing the nation’s dependence on imported petroleum products.
Background: The Dangote Group, led by Aliko Dangote, is a prominent conglomerate with investments in various sectors, including manufacturing, refining, and infrastructure. The Lekki Free Trade Zone refinery, considered one of the world’s largest single-train facilities, is a critical endeavor to boost Nigeria’s refining capacity and decrease reliance on imported fuels. (Published by Market News Nigeria)