- Dangote said international oil companies refused to sell crude oil to his refinery because they don’t want him to succeed.
The Chairman of Dangote Group, Aliko Dangote, says international oil companies are doing everything they can to make sure his $20 billion 650,000 barrels per day refinery in Lagos is not successful.
Speaking at a recent Afreximbank Annual Meetings and AfriCaribbean Trade & Investment Forum in Nassau, The Bahamas, Dangote said the companies are sabotaging his refinery through “non-supply of crude, non-purchase of the product”.
Dangote alleged that the reason why international oil companies refused to sell crude oil to his refinery was that they did not want him to succeed.
He also disclosed that his refinery will significantly reduce the price of fuel as it crashed the price of diesel in Nigeria.
“And I think that is the process that we’re now really going through. But the truth is that, yes, the country, the sub-region, and also the continent, of sub-Saharan Africa, need this refinery. So, you expect them to fight through non-supply of crude, non-purchase of the product, but I think it’s all temporary. We’ll get there,” he added.
Recall that Dangote Refinery turned to the US for 24 million barrels of crude supply monthly.
Consequently, the refinery shifted the date to commence supply of fuel to July 10–15, 2024, from June