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Contrary to widespread speculation, NNPC Ltd. has dismissed claims that it obstructed the construction and operation of the $20 billion Dangote Refinery. Instead, the company asserts that it has actively supported the project as a key shareholder, holding a 7.25% equity stake.
Dapo Segun, NNPC’s Executive Vice President (Downstream), clarified the company’s position during a recent media briefing. He stated, “NNPC has supported the Dangote refinery as a shareholder should. We’ve gone out of our way to ensure its success.” Segun highlighted that NNPC’s stake in the refinery makes it illogical for the company to impede the project’s progress.
Addressing concerns over delays in crude oil supply, Segun explained that these were due to standard business negotiations. “Negotiations took days, but we reached conclusions. We’re running a business, and everything is according to the signed terms and conditions,” he said.
Olufemi Soneye, Chief Corporate Communications Officer at NNPC Ltd., revealed that the company has already started deploying trucks and vessels to the Dangote Refinery in preparation for lifting Premium Motor Spirit (PMS), with the scheduled lifting date set for September 15th.
Additionally, Olufemi Adewole, Executive Secretary of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), confirmed that the association has already been lifting diesel and aviation fuel from the refinery. He expressed optimism about lifting petrol once the pricing structure is clarified.
