Dangote Refinery Has No Operational Licence, Quality Of Petroleum Products Inferior Than Those Imported-NMDPRA

…Dangote Refinery Only 45% Completed, Pushing To Become A Monopoly
The Dangote Refinery and Petrochemicals Company has not been issued any license by the Nigerian Midstream and Downstream Petroleum Regulatory Authority to operate in the country and as such it is operating illegally.

The Authority Chief Executive, Mr. Farouk Ahmed, revealed this during an interview in Abuja.

Farouk said the allegations raised by Dangote Refinery that its operations are being scuttled owing to lack of supply of crude oil by International Oil Companies are untrue.

Specifically, he said contrary to the narrative being pushed by the Chief Executive of the Refinery, Alh Aliko Dangote that the company is set for operation, it is indeed just about 45 per cent completed.

A company’s operating license is an official document issued by the responsible governmental authority, usually the municipal government or another regulatory agency, that allows the company to operate legally in a specific location and under certain conditions.

With the revelation by the NMDPRA that Dangote Refinery has not been issued operational license, it therefore means the Refinery is currently being operated illegally in Nigeria.

The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin had accused International Oil Companies of refusing to sell crude oil to their refinery, adding that the company buys crude from IOCs at $6 above the market price.

Edwin had said, “It seems that the IOCs’ objective is to ensure that our petroleum refinery fails. It is either they are deliberately asking for a ridiculous/humongous premium or they simply state that crude is not available.”

His assertions differ from Section 109 of the PIA, which provides that the sale of crude oil to refineries must reflect commercial viability.

While the law allows for a “willing buyer and willing seller” arrangement, such transactions must be done in a manner that will not make the seller run at a loss.

Source: thewhistler