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Dangote Denies Crude Oil Resale Report

by Nafisat Abdulrahman
1 year ago
in Business
The Dangote Refinery is owned by Dangote, Africa's wealthiest man

The Dangote Refinery is owned by Dangote, Africa's wealthiest man

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Dangote Industries Limited (DIL) has debunked reports suggesting that Dangote Refinery was reselling crude oil because its crude distillation unit (CDU) was faulty.

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But, in a press release dated Saturday, July 27, 2024, and signed by the Group Chief, Branding and Communication Officer, Anthony Chiejina, the company addressed and refuted the allegations.

The statement read: “Our attention has been drawn to a misleading report suggesting that our refinery’s crude distillation unit (CDU) is experiencing issues and that we are reselling crude oil.”

dangote

Dangote Industries emphasised the operational efficiency and full functionality of Refinery’s CDU, stating unequivocally: “We categorically deny these claims. The Dangote Refinery is not authorised to sell crude oil purchased from Nigeria, and our CDU is fully operational and functioning optimally.”

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The company further urged the public to dismiss the “false narratives,” which they attributed to interests opposing the local refining of fuels. “We advise the public to disregard these false narratives, which are likely driven by interests opposed to the local refining of fuels,” the statement added.

LEADERSHIP recalls that Reuters had on Friday evening reported that the Dangote Petroleum Refinery was reselling crude oil cargoes from both the United States and Nigeria. Reuters sources suggested that the alleged resale of crude oil was due to technical challenges at the refinery, a claim Dangote Industries has now categorically denied.


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Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

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