|
Listen to article
|
Fuel from the Dangote Refinery and Petrochemical is poised to reach new shores, with exports to South Africa, Angola, and Namibia expected to begin soon, according to information obtained by The Eastern Updates.
According to a top source who spoke exclusively with the press on Friday, the refinery’s management is now in the final phases of negotiation to begin fuel lifting from the 650,000-barrel-per-day facility, marking a key development in their export strategy.
Additional information indicates that four more African nations—Niger Republic, Chad, Burkina Faso, and the Central African Republic—have also entered into negotiations with the refinery to secure fuel supplies.
More countries are likely to show interest in fuel supplies from the refinery in the months ahead, as reported by The Eastern Updates. When pressed on why some marketers resist purchasing from Dangote, despite the refinery’s high capacity, the source speculated that hidden agendas among dealers might be at play.
“However, between now and January 2025, their plan would be exposed. Dangote refinery remains the hope of this country for a sustainable supply of petrol and the refinery has the capacity to serve the entire country,” the source added.
Meanwhile, local marketers have resolved to import fuel from outside the country.
The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria last week insisted on fuel importation after accusing the Dangote refinery of selling fuel to Nigerians at an exorbitant price.
Read also: Dangote’s Bid For Monopoly, Recipe For Disaster – Marketers
The marketers are awaiting the approvals of the Central Bank of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to import cheaper petrol.
Ghana was recently reported to have expressed interest in buying petrol from the $20bn Lekki-based refinery.
The Chairman of the National Petroleum Authority, Ghana, Mustapha Abdul-Hamid, said the arrangement with Dangote refinery would end his country’s monthly $400m fuel imports from Europe.
“I can confirm to you that talk is actually at advance stage with Ghana, Angola, Namibia and South Africa, while initial discussion is coming up with Niger, Chad, Burkina Faso and Central African Republic,” the source said.
When asked why marketers are insisting on not buying from Dangote despite the refinery’s capacity, the source said the dealers had hidden agenda.
“However, between now and January 2025, their plan would be exposed. Dangote refinery remains the hope of this country for a sustainable supply of petrol and the refinery has the capacity to serve the entire country,” the source added.
Meanwhile, local marketers have resolved to import fuel from outside the country.
The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria last week insisted on fuel importation after accusing the Dangote refinery of selling fuel to Nigerians at an exorbitant price.
The marketers are awaiting the approvals of the Central Bank of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to import cheaper petrol.
