The Dangote Petroleum Refinery has recently issued a caution to oil marketers, including Pinnacle Oil and Gas Limited, regarding the implications of Nigeria’s downstream oil sector deregulation. The refinery emphasized that deregulation should not be misused as a reason to import substandard or off-spec petroleum products, which could compromise Nigeria’s national interests and public safety.
Dangote’s warning comes amid Pinnacle’s alleged request to extend a pipeline to its tank farms, allowing for the blending of Dangote’s high-quality fuel with imported products. Dangote declined, expressing concerns over the quality and potential health risks associated with such blending practices. This move underscores Dangote’s commitment to ensuring self-sufficiency in petroleum production and ending Nigeria’s dependence on fuel imports, which has long hampered the growth of local refining capacity.
The refinery’s stance also aligns with its broader mission to protect Nigeria’s local oil industry from potential economic exploitation. As other state-owned refineries in Kaduna, Warri, and Port Harcourt near completion by the year’s end, Dangote believes that enhanced local refining capabilities will foster competition, reduce monopolistic fears, and position Nigeria as a leading refining hub within the region [Arise News] [The Cable].
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