NNPC part-owner of Dangote Refinery – Mele Kyari

The Nigerian National Petroleum Company limited, NNPCL, has disclosed that it’s a proud part-owner of the Dangote Refinery.

This was disclosed by NNPCL’s Group Chief Executive Officer, Mele Kyari at a conference hosted by the Nigerian Association of Petroleum Explorationists in Lagos on Monday.

Following the commencement of the refinery, Aliko Dangote had accused NNPCL and some cabals in the oil sector of trying to sabotage its operations.

However, Kyari dismissed the claims that NNPCL was undermining the operations of the Dangote refinery.

He said: “The point is very far from it and I’m going to speak to it straight. We are very proud part-owners of Dangote refinery, no doubt about it.

“We saw an opportunity that there is a clear market for at least 300,000 barrels of our production; we know that as time moves on, people will start struggling to find markets for their production.

“It will happen, It’s already happening. Oil is found, as you know, in many unexpected locations across the world and people have choices.

“Therefore we saw an opportunity to log supply to the domestic refinery, not just Dangote but any other refinery that operates in the country, so it was a very informed business decision.”