Dangote Petroleum Refinery and Petrochemicals has renewed its appeal for a steady supply of crude oil priced within prevailing market benchmarks, warning that inadequate access to domestic crude is hampering its operations.
The refinery’s management says it has repeatedly been offered crude at prices significantly above market rates, making it difficult to run efficiently even as it works to meet growing domestic demand for petroleum products. The company says a stable, competitively priced supply of crude is essential to keep production running at full capacity.
Dangote’s management is calling for a fairer, more competitive pricing mechanism and says the inconsistent supply situation underscores the need for a coordinated response from government and industry stakeholders. It argues that resolving the pricing and supply challenges is key to unlocking the country’s oil and gas potential and supporting job creation across the sector.
Source: orientalnewsng.com
