….As NNPC assures refinery promoters of level playing field

President of Dangote Refineries, Alhaji Aliko Dangote, has said that upon resumption of business, his refinery would dedicate 53% of its projected 650,000 barrels per day refining capacity to the production of petrol. He said it is not an objective of his company to compete with the Nigerian National Petroleum Corporation (NNPC).

Dangote made the disclosure during a courtesy visit to the NNPC Towers on Wednesday in Abuja. The Dangote Refinery boss said, “the most important thing for us is to see how we can partner with NNPC, it is not to see how we can compete with NNPC. We would like NNPC to be part of us and we also want to be part of NNPC.  I think that is the only way we can achieve a win-win situation.”

Alhaji Dangote emphasized that the business approach of the Dangote Refinery was to see NNPC as a collaborator rather than a competitor, noting that the refinery would rely heavily on the Corporation’s invaluable knowledge of the refining business in Nigeria to achieve its central objective.

In his comments, the NNPC GMD assured that the Corporation is committed to providing the same level of support to key players in Nigeria’s energy sector, including promoters of refineries, adding that the ultimate goal is to enhance in-country production to the point of self-sufficiency and ultimately for export.

Mallam Mele Kyari, also stated that the national oil company was not in contest for market share with any upcoming refinery, but rather providing support to the promoters of the project to boost in-country refining capacity.

He explained that as the chief enabler of the Nigerian economy, the NNPC had a duty to rally industry players like Dangote Group to achieve the long-held target of making Nigeria a net exporter of petroleum products. 

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