- This is as the 650,000 barrels per day indigenous oil firm disclosed that only a handful of petrol marketers are willing to purchase its petrol
Dangote Refinery has said that it may be forced to seek patronage outside Nigeria as marketers in the country shun its Premium Motor Spirit (Petrol).
The company said it may have no other choice but to export 95-97 percent of the product because of low patronage by marketers in Nigeria.
This is as the $20 billion 650,000 barrels per day indigenous oil firm disclosed that only a handful of petrol marketers are willing to purchase its products.
The Vice President, Oil and Gas at Dangote Industries Limited, Devakumar Edwin, made this known on Wednesday during an X Space session organized by Nairametrics.
He also revealed the challenges facing the Dangote Refinery and the country’s oil and gas sector.
“I’m selling 2 to 3 percent to small traders who are willing to buy, while the rest 95 to 97 percent I’m forced to export,” he said while speaking about the quantity of the refinery’s products sold locally.
The development comes as Sunday’s date for NNPCL to lift Dangote Refinery’s fuel approach without a visible plan.
Recall that the President of Dangote Group, Aliko Dangote announced Dangote Refinery’s first petrol rollout.
He, however, disclosed its distribution to marketers is dependent on the NNPCL