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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...

Pipeline Explosion: If Acts Of Vandalism Continue, They Will Kill Us All – Kyari


PHOTO: NNPC

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has called on Nigerians to expose acts of pipeline vandalism happening within their communities.

Multiple explosions rocked the Ile Epo community around the Abule Egba area of Lagos on Sunday night, claiming five lives, burning vehicles and properties worth millions of Naira.

Mr Kyari stressed that if the acts carried out by these vandals continue, more lives would be lost to resultant effects from the vandalism.

During an on-the-spot assessment of the scene of Sunday’s pipeline explosion in the area, Mr Kyari stated that the NNPC was working with security agencies to contain the situation.

He said, “It’s unfortunate we lost five lives to this inferno, with many in critical condition in the hospitals, all due to unpatriotic acts of vandals along our Pipeline Right of Way, who make insertions into the pipelines to steal products, leading to disasters such as this.

“We’re working daily with security agencies to contain this situation which portends danger for all of us. Nigerians must know that these acts of vandals are happening within communities and if they are allowed to continue, then they will eventually kill all of us.”

The NNPC boss explained that when the explosion was reported, they shut down the flow to contain the damage.

He, however, noted that the flow of petroleum products has since resumed.

“We, therefore, need the support of every member of the community to expose the bad eggs in their midst. We are counting on Nigerians to help us resolve this as it is becoming a matter of national security concern.

“Having shut down to contain the damage yesterday, we’ve now fully restored the line. We are now back on stream.”

“Petroleum products are flowing all the way from Atlas Cove to Mosimi all the way to Ilorin Depot. We enjoin everyone to work with us in sustaining this,” Kyari said.

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