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

UPTH Seeks Closer Collaboration with EFCC on Security and Accountability

The University of Port Harcourt Teaching Hospital (UPTH) has...

Real Estate Transaction Sparks ₦100m Dispute Involving Former Naval Chief

A dispute has emerged in Nigeria’s real estate sector...

CSO Writes Tinubu Over Hajj BTA Card Policy

By Jabiru HassanA civil society organisation, Independent Hajj Reporters...

Humanitarian:President Shettima Commissions Tudun Biri Resettlement Site in Kaduna

By Joyce Remi-BabayejuThe Vice President, Senator Kashim Shettima, has...

Army kills ISWAP commander, foils attacks in Borno

Troops of the Joint Task Force (North East), Operation...

Premier League Clubs Step Up Activity as January Transfer Window Nears Close

Premier League clubs intensified squad reshaping during the January...

March 31 Deadline: Oyedele Urges Nigerians to File Annual Tax Returns

Chairman of the Presidential Committee on Fiscal Policy and...

Crusade Dispute Puts CAN, PFN Under Spotlight

Allegations of interference and partiality have unsettled Nigeria’s major...

Rivers State Leads in Mobilizing Support for Tinubu’s reelection in 2027 – Wike

By Joyce Remi-BabayejuThe Federal Capital Territory (FCT) Minister, Barr....

Accountability, Not Adulation, Should Guide Hajj Reporting

By Suleiman Bashar AliyuIn any healthy society, journalism serves...

Why Military Coups Are Re-Emerging Across Parts of Africa

A resurgence of military coups in parts of Africa...

Related Articles

Popular Categories

spot_imgspot_img