NNPCL Confirms Stake in Dangote Refinery, Refutes Claims of Sabotage

Date:

 

The Nigerian National Petroleum Company Limited (NNPCL) has proudly confirmed its ownership stake in the Dangote Refinery, according to Group Chief Executive Officer, Mele Kyari.

Speaking at a recent conference organized by the Nigerian Association of Petroleum Explorationists in Lagos, Kyari addressed allegations that NNPCL was hindering the refinery’s operations.

These claims surfaced after Dangote Group founder Aliko Dangote alleged that NNPCL, alongside certain influential figures in the oil industry, was attempting to obstruct the refinery’s progress.

Kyari, however, firmly refuted these accusations, asserting that NNPCL’s interest in the refinery is purely supportive and strategic.

“We are very proud part-owners of the Dangote Refinery—there’s no doubt about it,” he said. “We saw an opportunity for at least 300,000 barrels of our production, and we knew that as global oil supply increases, competition for markets would intensify.”

Highlighting the importance of local refining, Kyari noted that NNPCL’s decision to partner with the Dangote Refinery and other Nigerian refineries was made to strengthen domestic supply.

RECOMMENDED

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Maj.-Gen. Olu Bajowa Hails Peaceful Ondo Election, Says Democracy is Strengthening in Nigeria

Former Army General Praises High Voter Turnout and...

IMF Flags Nigeria’s Struggling Economic Reforms Amid Regional Growth Gains

The International Monetary Fund (IMF) has cast doubt on...

NNPC Seals Major Gas Supply Deal with Dangote Refinery

  Agreement provides 100 million cubic feet of gas...

VP Shettima: Tinubu Committed to Transforming Nigeria Amid Challenges

Economy poised for growth with 1.8 million barrels...

Google Unveils Advanced Anti-Theft Features for Android Users Globally

AI-powered tools to safeguard phones and data from...

Ondo Guber Election: Aiyedatiwa, Ajayi Lead as INEC Assures Credibility

Security Tightened with Over 22,000 Personnel Deployed for...

Davido Announces ₦300 Million Donation to Orphanages, Anti-Drug Campaigns Ahead of 32nd Birthday

Singer continues tradition of birthday philanthropy. Fans laud...

Tinubu Replaces PTAD Boss Chioma Ejikeme with Tolulope Odunaiya

  President Bola Tinubu has relieved Dr. Chioma Ejikeme of...

Jake Paul Defeats Mike Tyson in Blockbuster Boxing Spectacle, Earning $40 Million Payday

Legendary Tyson Returns for $20M Payday, Falls Short...

Ex-Gov Okowa Makes First Public Appearance After Release, Joins Delta Leaders at Memorial Event

...Okowa joins Governor Oborevwori and top Delta dignitaries at...