Aliko Dangote, chairman of the Dangote Group, said international oil companies are not willing to supply crude to the refinery He said that despite efforts by the Nigerian National Petroleum Company Ltd, the IOCs prefer to sell their products abroad He bemoaned the fact that some of the people who profited from the oil imports were against the refinery’s success
Ads by International oil companies in Nigeria, according to Aliko Dangote, Chairman of the Dangote Group, are not prepared to supply crude oil to the refinery with a capacity of 650,000 barrels. Dangote claimed that the multinational oil corporations were accustomed to selling crude for foreign exchange.
Dangote Refinery Source: UGC In a CNN interview, Dangote claimed that the multinational oil corporations were accustomed to selling crude for foreign exchange and were not prepared to cease.
FG finally speaks truth on return of fuel subsidy Despite the Nigerian National Petroleum Company Ltd’s best efforts, according to Dangote, the IOCs preferred to sell their products abroad.
“The NNPC is doing its best, but some of the IOCs, they are struggling to give us crude, everybody is used to exhorting and nobody wants to stop exporting,” he stated. Why Africa is slow to grow The business magnate claimed that Africa’s lack of growth was due to the continent’s sale of raw materials and purchase of completed items by the West. “Africa is not goingasy it should because we export raw materials and import finished goods. It doesn’t matter what it is, even if it is gold or whatever, raw material is always priced at a ridiculous amount compared to finished goods,” Dangote said.
