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Marketers Will Pay Naira for Dangote Fuel -IPMAN

Aliko Dangote Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register with the plant. It was further gathered that officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority were meeting with the management of the refinery to perfect the pricing template for products produced by the facility. On January 12, 2023, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel. The President, Dangote Group, Aliko Dangote, had in a statement issued by the firm, said, “We have started the production of diesel and aviation fuel, and the products will be in the market within this mon...
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Niger Delta: Romanian engineer abducted

A gunman in Niger Delta: Romanian engineer kidnapped

Gunmen have kidnapped a Romanian engineer in Nigeria’s oil-producing Niger Delta, police said on Tuesday.

The police said they  have launched a search for the man in the area of Owa Oyibo, where he was abducted late on Monday, said Celestina Kalu, a spokeswoman for police in Delta state.

He was working for Dextron Nigeria Ltd, a construction firm, Kalu added.

The oil region has been hit by a wave of militant attacks on oil and gas facilities and a general breakdown of law.

Militants claimed they are fighting for a greater share of oil revenues for the region.

Wife of the Central Bank Governor, Margaret Emefiele was recently kidnapped in the region. She was not released until a ransom of N80million was paid to the gang, the members of which  have been busted by a special squad of the Nigerian police and some of the ransom, retrieved.

 

Source; nan

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