The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has stated that his $20bn Dangote Petroleum Refinery was built to use Nigerian crude and add value to it within the country.
Dangote, who stated this in a statement issued by the refinery on Thursday, asked why should the plant deviate from this focus, as he admitted that the refinery had also been refining crude oil grades from Europe, the United States, and other countries.
Africa’s wealthiest man further noted that the domestic crude oil supply issues in Nigeria were being resolved by the parties involved.
The statement said the refinery has already affected crude flows, with dozens of Nigerian cargoes remaining in-country and US WTI Midland, a comparable light, sweet grade, being imported. It said the mega-refinery could therefore tighten the light, sweet crude market. Read original
