The Dangote Oil Refinery has sufficient gas, with 500 million liters of petrol in storage, to fulfill Nigeria’s demand, in keeping with billionaire founder Aliko Dangote. Dangote made this assertion to counter native gas entrepreneurs’ claims that the refinery can’t meet the nation’s calls for, thereby resulting in gas shortages. He clarified that his refinery doesn’t promote petrol at retail and isn’t chargeable for shortages. Dangote urged the state-owned Nigerian Nationwide Petroleum Company (NNPC) and gas entrepreneurs to cease importing gas from overseas and as an alternative buy from his refinery. The billionaire’s phrases got here after a gathering with Nigeria’s President Bola Tinubu, oil regulators, and the NNPC, to debate insurance policies encouraging crude gross sales to the refinery in naira. The transfer, which stays in place, is aimed toward decreasing overseas change strain on the nation and securing enough crude for the operation of the 650,000-barrel-per-day refinery.
SOURCE: CNBC AFRICA