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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

Yuletide: NNPC Promises To Sustain Products Sufficiency Nationwide




Images from GMD @NNPCgroup Mallam @MKKyari’s visit to Lagos State Governor, Babajide Sanwolu, where the Governor assured the GMD of LASG’s support towards tackling infrastructure challenges at the Ijegun-Egba axis of the State.

The Nigerian National Petroleum Corporation (NNPC), says it has made adequate preparations for a yuletide in which petroleum products will be in abundance across the nation.

This is according to the Managing Director of NNPC, Mallam Mele Kyari.

Mallam Kyari disclosed this during separate visits to tank farms at the Ijegun-Egba corridor, as well as the Lagos State Government House in Ikeja, Lagos, on Wednesday.

Mr Kyari said as an enabler organisation to the Nigerian economy which also guarantees national energy security, the NNPC would continue to partner with stakeholders such as the Lagos Government, to sustain the current seamless supply and distribution of products nationwide, going into the Yuletide period.

“As a responsible corporate citizen, NNPC and its partners in the Downstream have made adequate preparations, and our plan is robust and we foresee a very hitch-free Christmas full of products, well into the New Year,” Kyari assured.

While addressing tank farms operators at the Ijegun-Egba area, Kyari lauded their initiative to pull resources together to fix the Ijegun Road leading to the tank farms to ease movement of trucks in the area.

Mallam Kyari said although it was a palliative arrangement, the NNPC and its stakeholders would put heads together to provide a permanent solution to the problems.

Reacting to the GMD’s visit, Governor Babajide Sanwolu, expressed his support to NNPC and its stakeholders’ initiative to tackle the infrastructure challenges, not only at the Ijegun-Egba, but the entire state, adding that his administration would leave no stone unturned in tackling the challenges.

“This is the first time all the stakeholders are coming together to have a long-term view of the situation. We will do everything that is required to ensure that everything goes well on that entire corridor,” Sanwolu stated.

Also speaking, Chairman, House Committee on Petroleum (Downstream), Hon. Abdullahi Mahmud Gaya, expressed the National Assembly’s support to the initiative.

At the palace of the Oba of Lagos, His Royal Majesty Oba Rilwan Akiolu I, called on International Oil Companies (IOCs) operating in the Country to do more Corporate Social Responsibility (CSR) activities in their areas of operations.

Other stakeholders on the GMD’s entourage were the National President of the National Union of Petroleum and Natural Gas Workers (NUPENG), Comrade Williams Akporeha and the Chairman, Petroleum Tanker Drivers (PTD) Unit of NUPENG, Comrade Salimon Oladiti.

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