Energy Expert urges Tinubu to end petrol import racket, prioritise local refining - ITREALMS

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The continued importation of petrol and diesel by the Nigerian National Petroleum Corporation (NNPC) Limited and certain marketers, despite the Dangote Petroleum Refinery’s capacity to meet domestic demand, is a disservice to the country, says an Energy expert, Dan Kunle, ITREALMS reports.

Recent reports indicate that NNPC, oil marketers spent N5.5tn on petrol, diesel importation in four months.

Dangote: Nigeria can become a refining hub - ITREALMS

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Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, in order to transit from a net importer to a net exporter of petroleum products.

Chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote, made this assertion during his keynote address at a summit held in Lagos by the Crude Oil Refinery Owners Association of Nigeria (CORAN). The event attracted top government officials and key stakeholders from the midstream and downstream sectors.

FG: Lifting petrol @Dangote refinery marks return industrialisation, local refining – ITREALMS

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The Federal Government has announced that the commencement of petroleum lifting from the Dangote Petroleum Refinery and Petrochemicals marks a return to industrialisation and local refining in Nigeria.

This announcement came weekend, as a fleet of trucks from the Nigerian National Petroleum Corporation Limited (NNPCL), began transporting Premium Motor Spirit (PMS), commonly known as petrol, from the world's largest single-train refinery, located in the Ibeju-Lekki area of Lagos State.