x

Dangote refinery’s product substandard, he seeks to be a monopoly -CEO NMDPRA

By Samuel Itsede Makho

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has said that the quality of petroleum products from the Dangote refinery, as well as those from Watersmith, Aradel, and other modular refineries, operating in the country are substandard compared to imported ones.

Chief Executive Officer of NMDPRA Farouk Ahmed disclosed this in a recent interview with journalists

The CEO of NMDPRA refuted reports that some cabals within the oil and gas sector were trying to scuttle the Dangote Refinery.

According to him, the 650,000 barrel-per-day refinery has not been issued an operational licence by NMDPRA.

He noted that Dangote Refinery is still in the pre-commissioning stage and about 45 per cent completed.

Ahmed added that the country can not risk allowing Dangote Refinery to become a monopoly especially Automotive Gas Oil and Dual Purpose Kerosene, DPK.

He said: “That is not so. Dangote Refinery is still in the pre-commissioning stage. It has not been licenced yet. We haven’t licenced them yet. I think they are about 45 per cent to completion.

“We cannot rely on one refinery to feed the nation because Dangote is requesting that we suspend or stop imports, especially of AGO and DPK, and direct all marketers to his refinery That is not good for the nation in terms of energy security, and it is not good for the market because of the monopoly.”

Ahmed said that in terms of quality, Dangote’s current AGO (diesel) suffers from the lowest quality in terms of sulphur content, falling short of West Africa’s requirement of 50 parts per million (PPM).

“Dangote Refinery, as well as some modular refineries like Watersmith Refinery and Aradel Refinery, are producing between 650 and 1,200 PPM. Therefore, in terms of quality, their products are inferior to imported ones,” he stated.

This development comes days after the Chairman of Dangote Group, Aliko Dangote, said Dangote Refinery is set to commence fuel supply in August 2024.

Earlier, Devakumar Edwin, the Vice President of Dangote Industries Limited, had alleged that most fuel products imported into Nigeria are substandard.

He also accused international oil companies of frustrating the kickoff of the Dangote Refinery by selling oil crude at a higher price in Nigeria.

Hot this week

Banks’ Bad Loans Spike After CBN Withdraws Forbearance

Nigeria’s banking sector recorded a rise in bad loans...

Minister Goronyo Hails Caliphate Icon Awards, Praises Tinubu’s Merit-Based Agenda

By Jabiru HassanThe Honourable Minister of State for Works,...

Prince Miaphen Praises Senator Lalong’s Political Maturity and Statesmanship

By Israel Adamu, JosComrade Prince Miaphen, a former Acting...

Insecurity: Northern CAN vows sustains constructive engagement

By Achadu Gabriel, KadunaChristian Association of Nigeria, (CAN)...

Blackout as National Grid Collapses

Nigeria was plunged into widespread darkness on Monday following...

Prince Miaphen Praises Senator Lalong’s Political Maturity and Statesmanship

By Israel Adamu, JosComrade Prince Miaphen, a former Acting...

Bayelsa Media Network Awards Honour Ogoun, Theophilus Moses, Sokari at 7th Edition Ceremony

The Bayelsa Media Network Awards (BMNA) on Friday celebrated...

Kogi Government Vows Crackdown on Criminals, Pledges Rescue of Kidnapped Victims

By Noah Ocheni, LokojaThe Kogi State Government has reaffirmed...

Senate to Enact Laws to Back Tinubu on Recovery of Trillions in LG Funds, Says Sen. Karimi

By Noah Ocheni, LokojaThe Senator representing Kogi West Senatorial...

FG withdraws criminal defamation charges against Natasha Akpoti-Uduaghan

The Federal Government has formally withdrawn the criminal defamation...

Why phones may cost more with lower specs in 2026

Smartphones and laptops could become more expensive in 2026,...

Related Articles

Popular Categories

spot_imgspot_img