Dangote Petroleum Refinery has denied reselling shipments of crude oil from the United States (US) and Nigeria.
On Wednesday, Reuters reported three sources said the Dangote refinery was reselling due to technical problems at the refiner.
When questioned about the offers and talk circulating in the market regarding the refinery’s operational problems impacting the crude distillation unit, the publication said an executive at Dangote refinery said the unit is operating.
According to the sources, among the grades being offered were cargoes of US West Texas Intermediary (WTI) Midland crude and Nigerian Escravos and Forcados crude.
The plant has been importing several crude cargoes a month, traders said, adding that such resale by refineries is rare but not unknown.
However, in a statement addressing the claim, Anthony Chiejina, chief branding and communication officer, Dangote Group, said the report was incorrect.
“Our attention has been drawn to a misleading report on our crude distillation unit and also that we are offering crude for re-sale,” Chiejina said.
“Also, our CDU is working and in perfect condition.
“We advise that you ignore these false narratives being peddled by those bent on the importation of dirty fuels into the country.”
The development comes amid issues between the refinery and government agencies.
TheCable
Other Articles
Voice of Emancipation: Yoruba Heritage is Not for Sale
Adding Value: Elevating Your Game by Henry Ukazu
