Dangote Defends Diesel Quality: Our Product Matches Imported Standards
Dangote Defends Diesel Quality: Our Product Matches Imported Standards
Aliko Dangote, President of Dangote Industries, rebutted critics’ claims regarding the quality of diesel produced by Dangote Refinery, dismissing assertions that its sulphur content is the lowest in West Africa. Speaking during a visit by a House of Representatives delegation to the refinery in Lagos, Dangote addressed concerns about monopoly accusations……… CONTINUE READING
Responding to criticisms, Dangote stated, “Critics have raised concerns about the initial drop in diesel prices. Even at 650-750 PPM, our diesel quality was superior to imported fuel. Issues with vehicle performance are often linked to poor-quality imported fuel. We stand firm on our quality and invite verification through samples from filling stations.”
Contrary to these claims, Farouk Ahmed, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), asserted, “Currently, Dangote Refinery’s diesel quality in terms of sulphur is among the lowest, meeting West Africa’s standard of 50 parts per million (ppm). Other refineries produce between 650 ppm and 1,200 ppm, indicating inferior quality compared to imports.”
Addressing allegations of operational hindrances due to crude oil supply issues, Ahmed clarified, “Claims of deliberate obstruction by International Oil Companies (IOCs) are unfounded.”
During the delegation’s visit, Dangote elaborated, “Initially starting at 600-700 PPM due to new plant operations, our diesel production now stands at 87 PPM and is projected to reach 10 PPM by August. I propose the House sets up a committee to independently verify quality through sampling.”
Regarding monopoly concerns, Dangote pointed out, “Considering NNPC’s substantial investment in refineries across Nigeria, we cannot be viewed as monopolizing the market. We aimed to commence sales next year to avoid monopolization accusations.”
Dangote further clarified issues surrounding NNPC’s stake in the refinery, stating, “An agreement was reached for a $1 billion deposit representing a 7.2% stake, with discussions ongoing regarding NNPC’s continued involvement.”
Highlighting challenges faced during the project’s execution, Dangote emphasized, “Over the past seven years, we’ve navigated numerous hurdles, including funding challenges exacerbated by economic fluctuations. Despite setbacks, we remain committed to contributing to Nigeria’s economic growth.”
The Dangote Refinery project, a cornerstone of Nigeria’s industrial ambitions, continues to progress toward its operational phase amid ongoing scrutiny and regulatory oversight.
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