By Kayode Olopade
The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation now owns only a 7.2 per cent stake in the refinery.
He said the figure reduced from the initial 20 per cent.
Dangote said this while briefing journalists in Lagos State on Sunday.
He said, “NNPC no longer owns a 20% stake in the Dangote refinery. They were meant to pay their balance in June but have yet to fulfill the obligations. Now, they only own a 7.2% stake in the refinery.”
Speaking to journalists at a one-day training programme organised by the Dangote Group on Friday, the Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin accused International Oil Companies in Nigeria of plans to frustrate the survival of the new Dangote Oil Refinery and Petrochemicals.
Edwin also accused the Nigerian Midstream and Downstream Petroleum Regulatory Authority of granting licences indiscriminately to marketers to import dirty refined products into the country.
He noted that though th you Nigerian Upstream Petroleum Regulatory Commission was trying its best to allocate crude oil for the 650,000-capacity refinery, “the IOCs are deliberately and willfully frustrating our efforts to buy the local crude.”
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