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Nigeria’s Refineries May Never Work After $18Billion Spending On Turnaround Maintenance By NNPC, Says Dangote
Obasanjo had stated that the NNPC could not run the refineries, revealing that even international oil companies like Shell declined his request to manage the facilities.
The President of Dangote Group, Alhaji Aliko Dangote, has raised serious concerns about the operational functionality of Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna, warning that they may never work again despite having consumed a staggering $18 billion in public funds.
Speaking in Lagos on Thursday during a tour of the Dangote Petroleum Refinery in Lekki with members of the Global CEO Africa from the Lagos Business School, the billionaire industrialist said the Nigerian National Petroleum Company Limited (NNPC), which oversees the moribund refineries, has failed to make them productive.
Dangote, whose 650,000-barrel-per-day refinery is now a major force in Nigeria’s downstream oil sector, noted that his facility dedicates more than 50 per cent of its output to the production of Premium Motor Spirit (PMS), far surpassing the 22 per cent historically allocated by government-owned refineries.
Obasanjo had stated that the NNPC could not run the refineries, revealing that even international oil companies like Shell declined his request to manage the facilities.
The President of Dangote Group, Alhaji Aliko Dangote, has raised serious concerns about the operational functionality of Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna, warning that they may never work again despite having consumed a staggering $18 billion in public funds.
Speaking in Lagos on Thursday during a tour of the Dangote Petroleum Refinery in Lekki with members of the Global CEO Africa from the Lagos Business School, the billionaire industrialist said the Nigerian National Petroleum Company Limited (NNPC), which oversees the moribund refineries, has failed to make them productive.
Dangote, whose 650,000-barrel-per-day refinery is now a major force in Nigeria’s downstream oil sector, noted that his facility dedicates more than 50 per cent of its output to the production of Premium Motor Spirit (PMS), far surpassing the 22 per cent historically allocated by government-owned refineries.
Nigeria’s Refineries May Never Work After $18Billion Spending On Turnaround Maintenance By NNPC, Says Dangote
Obasanjo had stated that the NNPC could not run the refineries, revealing that even international oil companies like Shell declined his request to manage the facilities.
The President of Dangote Group, Alhaji Aliko Dangote, has raised serious concerns about the operational functionality of Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna, warning that they may never work again despite having consumed a staggering $18 billion in public funds.
Speaking in Lagos on Thursday during a tour of the Dangote Petroleum Refinery in Lekki with members of the Global CEO Africa from the Lagos Business School, the billionaire industrialist said the Nigerian National Petroleum Company Limited (NNPC), which oversees the moribund refineries, has failed to make them productive.
Dangote, whose 650,000-barrel-per-day refinery is now a major force in Nigeria’s downstream oil sector, noted that his facility dedicates more than 50 per cent of its output to the production of Premium Motor Spirit (PMS), far surpassing the 22 per cent historically allocated by government-owned refineries.
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