Connect with us

Hi, what are you looking for?

News

JUST IN: Dangote Accuses IOCs Of Manipulating Crude Oil Prices And Frustrating Refinery

Dangote Industries Limited (DIL), has accused international oil companies (IOCs), in Nigeria of sabotaging the survival of Dangote Oil Refinery and Petrochemicals.

Gatekeepers News reports that the vice president, of oil and gas, Devakumar Edwin made the accusation on behalf of the company.

According to Edwin, IOCs are deliberately and wilfully frustrating the refinery’s efforts to buy local crude by increasing high premium prices above the market price, forcing it to import crude from countries as far as United States, which costs higher.

This is a developing news….

You May Also Like

Business

Traders and shipping data have shown that Dangote oil refinery in Nigeria is ramping up gasoil exports to West Africa, capturing market share from...

Business

On Wednesday, a minor fire broke out at the effluent treatment plant of the Dangote Refinery in Lagos. Gatekeepers News reports that firefighters and...

News

In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre....

Business

Dangote oil refinery began supplying the Nigerian domestic market with petroleum products such as diesel and aviation jet fuel on Tuesday. Gatekeepers News reports...