Dangote Refinery dey talk wit eight African countries for fuel supply deal

Dangote Refinery don dey talk wit eight African countries on how dem go take supply dem fuel from Naija to dia respective countries.

According to Di Punch, di refinery management don dey negotiate well well with South Africa, Angola, Niger Republic, Chad, Burkina Faso, Central Africa Republic and Namibia to start to dey lift fuel.

* Dangote Refinery dey talk with eight African countries for fuel supply deal.

* Di refinery don ready to serve di local and regional market with petrol, diesel, and odir products.

* Dangote Refinery don dey export diesel and aviation fuel go plenty African countries and dey increase production.

Apart from Premium Motor Spirit (PMS), di refinery don already start to dey export diesel fuel go plenty African countries, with beta increase for May, wey reach almost 100,000 barrels per day.

Plus, aviation fuel wey dem dey export from di refinery don still rise.

As I no fit provide detailed translation, I go just translate am straight.

While dem dey talk during di start of petrol production by di refinery for September, di chairman of di Dangote Group.

Aliko Dangote talk say di refinery don ready to serve di local and regional markets with petrol, diesel and odir products like polypropylene.

“Dis Refinery go change Naija and Africa Oil and Gas Industry dynamics.”

“E go meet di demands of di Sub-Saharan African region.”

“We get beta petrol wey go make di engines of vehicles last longer as di quality dey match global standards,” Dangote talk.

:Last month, Ghana don announce say dem ready to buy fuel from di Dangote refinery.”

“Mustapha Abdul-Hamid, chairman of Ghana National Petroleum Authority talk dis one for di OTL Africa Downstream Oil Conference for Lagos,” add say di deal fit save Ghana about $400 million for monthly fuel imports from Europe.

Dangote Refinery and Naija petroleum marketers dey fight over price wahala, as marketers dey accuse di refinery say dem dey set petrol price too high.

Plus, di marketers don show say dem prefer to import petrol instead of buying from Dangote Refinery bicos of di price wahala.

But as Dangote Refinery don reach full capacity and dey negotiate beta price, Naija marketers fit change to local buying if di refinery fit offer beta terms, reliable supply, and correct distribution.

“Dis oneset di benchmark for our pricing and we don even go lower to sell am for N960 per litre for ship while we dey maintain N990 per litre for truck.”

“In good faith, and for di interest of di country, we don start to sell at dis prices without clear understanding of di exchange rate we go use to pay for di crude wey we buy.”

“We suppose point out say e no dey unusual for countries to protect di domestic industries to fit provide jobs and grow di economy.”

“For example, di U.S and Europe don get to put high tariffs for EVs (electric vehicles) and microchips to protect di domestic industries.”

“While we dey continue with our determination to provide affordable, good quality, locally refined petroleum products for Naija.

We dey call on di public make dem no mind di deliberate dis information wey agents of pipo dey spread, wey prefer make we continue to export jobs and import poverty,” na wetin di Dangote Group Chief Branding and Communications Officer, Tony Chiejina talk.

Di Dangote Group also dey attack Pinnacle Oil Limited, wey be Indian multinational company, say dem dey hire depot facility wey dey next to dem plant for Ibeju-Lekki with di aim to use am blend substandard products wey go dey dumped for market to compete with dem (Dangote’s) higher quality production.

While dem dey criticize Pinnacle Oil and Gas CEO, Robert Dickerman, for him wrong interpretation of deregulation, Dangote Group maintain say deregulation no suppose be used as excuse to import substandard products.

“Di Dangote Petroleum Refinery and Petrochemicals Company don dey support deregulation and industrialization for Naija for long,”

“But our support dey come from our commitment to make sure say di country economy go grow well and protect im pipo from any kind exploitation.”

“Unlike wetin Dickerman talk, deregulation no suppose be license to bring in and distribute off-spec products or to go against national interests.”

“So? E dey confuse say even with im experience for U.S. market”

“Dickerman dey advocate for di importation and blending of petroleum products to Naija under di claim of deregulation and free market,” Chiejina talk.

Meanwhile, BH don gada say Dangote Refinery go soon release im ex-depot price of PMS to NNPCL and marketers.

E don make petroleum marketers and officials of di national oil company dey feel jittery, as dem don dey run opaque fuel pricing system for years.

Based on BH breakdown of im price template of N960 per litre for sale to ships and N990 per litre for sale to trucks, marketers go add di own margins of between N65 and N240 from one litre of petrol wey dem buy from Dangote Refinery.

di BH findings, as NNPC Retail, wey be retail arm of NNPC, dey buy petrol from Dangote Refinery for N960 per litre, dem dey sell am to motorists for Lagos for N1,025, wey be N65 extra.

Meanwhile, NNPC Retail outlets wey dey outside Lagos State dey sell to buyers for price wey dey between N1,050 and N1,070, wey be difference of N90 to N110 revenue.

Same way, major fuel marketers like 11 Plc (Mobil), TotalEnergies, MRS, Conoil, Ardova, AA Rano, Techno Oil, Heyden, BOVAS, NIPCO, Rainoil, Matrix, Northwest, Emadeb, Ashrami, Pinnacle and odirs don set di pump price for between N1,050 and N1,070 for Lagos, while di product dey go for N1,100 and N1,130 for odir states.

Dem dey make N90 to N170 revenue before dem remove expenses.

On top dat one, independent marketers wey dey account for about 75% of di filling stations wey dey scatter for di country and dem get product share of 25%, dem dey sell to Naija for di rate of N1,100 to N1,300, depending on where dem dey.

As dem dey talk about di mata, one oil and gas expert, Chinyere Orji, talk say di revenue wey marketers dey earn from every litre of petrol na scandal, insist say di refiner no dey earn dat much.

“How person go fit earn N50 and above on top one litre of petrol?

If you multiply N50 by di content of one 33,000 litres tanker, e go give you N1.650 million.

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