₦airaland Forum

Chukwudi Akasike, Olufemi Adediran and Damilola Aina

The Dangote Refinery and Petrochemical is set to begin fuel exports to South Africa, Angola, and Namibia, Saturday PUNCH can confirm.

A highly credible source, who confirmed this exclusively to one of our correspondents on Friday, said the management of the 650,000-barrel per-day capacity refinery was at advanced stages of talks with the countries to start lifting fuel.

Our correspondents gathered that four other African countries – Niger Republic, Chad, Burkina Faso and Central Africa Republic – had also started negotiation with the refinery.

Saturday PUNCH was reliably informed that more countries were being expected to signify interest in lifting fuel from the refinery in the coming months.

Ghana was recently reported to have expressed interest in buying petrol from the $20bn Lekki-based refinery.

The Chairman of the National Petroleum Authority, Ghana, Mustapha Abdul-Hamid, said the arrangement with Dangote refinery would end his country’s monthly $400m fuel imports from Europe.

“I can confirm to you that talk is actually at advance stage with Ghana, Angola, Namibia and South Africa, while initial discussion is coming up with Niger, Chad, Burkina Faso and Central African Republic,” the source said.

When asked why marketers are insisting on not buying from Dangote despite the refinery’s capacity, the source said the dealers had hidden agenda.

“However, between now and January 2025, their plan would be exposed. Dangote refinery remains the hope of this country for a sustainable supply of petrol and the refinery has the capacity to serve the entire country,” the source added.

Meanwhile, local marketers have resolved to import fuel from outside the country.

The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria last week insisted on fuel importation after accusing the Dangote refinery of selling fuel to Nigerians at an exorbitant price.

The marketers are awaiting the approvals of the Central Bank of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to import cheaper petrol.

The marketers argued that importing more affordable petrol would offer relief for consumers still adjusting to the price surges following the removal of fuel subsidy.

However, to proceed, the marketers requested access to foreign exchange from the CBN, and permits from NMDPRA to ensure compliance with fuel quality and regulatory standards.

The NMDPRA has, however, refuted claims that IPMAN and PETROAN were allowed to obtain petrol import licence as associations.

An official of the NMDPRA, who spoke to our correspondent on condition of anonymity due to the sensitivity of the issue, said the agency could not approve the request of oil marketers to obtain import licence as an association, but based on individual requests.

The source added that individual application was the stipulated law and could not be shelved.

“The truth of the matter is that they can’t apply for petrol import licence as a body or association. Individual marketers have to apply by themselves before they can be granted that licence. They have to apply by themselves. We are not going to give the permit jointly so they can’t apply as an association.

“So, this also means that if individual marketers don’t apply for it, we can’t approve it.”

Responding, the National Public Relations Officer of PETROAN, Dr Joseph Obele, said the association applied for the import licence about one month ago through its newly incorporated trading wing.

He described Dangote as an “aggressive competitor” who would go to any length to monopolise the market.

"You should know that Dangote is just out to close all the doors and windows so that no person enters the market. He is determined to ensure that nobody enters the market as a competitor. We assure Nigerians that as soon as the regulatory agency approves our authority to import, this price of PMS that is causing pain to Nigerians right now will crash to the barest minimum.

“The product we are planning to import is one of the best products so far, far better than his (Dangote) own, but he is just telling Nigerians that any product that is coming into the country is not better than his own.

"We call on Nigerians to support the call for dismantling monopolies so that we can liberate the market; otherwise, we will remain in the trap we are. We are trapped at the moment; we are trapped with exploitation and the only way out of the trap is to dismantle every dimension of monopoly and we are calling on Nigerians to support us,” Obele said.

https://punchng.com/s-africa-seven-countries-queue-to-lift-dangote-refinery-fuel/

Go ahead its always about the money for this guy

It is too expensive for the cabal to buy and resell via smuggling. Lol.

Kuginzi:
Chukwudi Akasike, Olufemi Adediran and Damilola Aina

The Dangote Refinery and Petrochemical is set to begin fuel exports to South Africa, Angola, and Namibia, Saturday PUNCH can confirm.

A highly credible source, who confirmed this exclusively to one of our correspondents on Friday, said the management of the 650,000-barrel per-day capacity refinery was at advanced stages of talks with the countries to start lifting fuel.

Our correspondents gathered that four other African countries – Niger Republic, Chad, Burkina Faso and Central Africa Republic – had also started negotiation with the refinery.

Saturday PUNCH was reliably informed that more countries were being expected to signify interest in lifting fuel from the refinery in the coming months.

Ghana was recently reported to have expressed interest in buying petrol from the $20bn Lekki-based refinery.

The Chairman of the National Petroleum Authority, Ghana, Mustapha Abdul-Hamid, said the arrangement with Dangote refinery would end his country’s monthly $400m fuel imports from Europe.

“I can confirm to you that talk is actually at advance stage with Ghana, Angola, Namibia and South Africa, while initial discussion is coming up with Niger, Chad, Burkina Faso and Central African Republic,” the source said.

When asked why marketers are insisting on not buying from Dangote despite the refinery’s capacity, the source said the dealers had hidden agenda.

“However, between now and January 2025, their plan would be exposed. Dangote refinery remains the hope of this country for a sustainable supply of petrol and the refinery has the capacity to serve the entire country,” the source added.

Meanwhile, local marketers have resolved to import fuel from outside the country.

The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria last week insisted on fuel importation after accusing the Dangote refinery of selling fuel to Nigerians at an exorbitant price.

The marketers are awaiting the approvals of the Central Bank of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to import cheaper petrol.

The marketers argued that importing more affordable petrol would offer relief for consumers still adjusting to the price surges following the removal of fuel subsidy.

However, to proceed, the marketers requested access to foreign exchange from the CBN, and permits from NMDPRA to ensure compliance with fuel quality and regulatory standards.

The NMDPRA has, however, refuted claims that IPMAN and PETROAN were allowed to obtain petrol import licence as associations.

An official of the NMDPRA, who spoke to our correspondent on condition of anonymity due to the sensitivity of the issue, said the agency could not approve the request of oil marketers to obtain import licence as an association, but based on individual requests.

The source added that individual application was the stipulated law and could not be shelved.

“The truth of the matter is that they can’t apply for petrol import licence as a body or association. Individual marketers have to apply by themselves before they can be granted that licence. They have to apply by themselves. We are not going to give the permit jointly so they can’t apply as an association.

“So, this also means that if individual marketers don’t apply for it, we can’t approve it.”

Responding, the National Public Relations Officer of PETROAN, Dr Joseph Obele, said the association applied for the import licence about one month ago through its newly incorporated trading wing.

He described Dangote as an “aggressive competitor” who would go to any length to monopolise the market.

"You should know that Dangote is just out to close all the doors and windows so that no person enters the market. He is determined to ensure that nobody enters the market as a competitor. We assure Nigerians that as soon as the regulatory agency approves our authority to import, this price of PMS that is causing pain to Nigerians right now will crash to the barest minimum.

“The product we are planning to import is one of the best products so far, far better than his (Dangote) own, but he is just telling Nigerians that any product that is coming into the country is not better than his own.

"We call on Nigerians to support the call for dismantling monopolies so that we can liberate the market; otherwise, we will remain in the trap we are. We are trapped at the moment; we are trapped with exploitation and the only way out of the trap is to dismantle every dimension of monopoly and we are calling on Nigerians to support us,” Obele said.

https://punchng.com/s-africa-seven-countries-queue-to-lift-dangote-refinery-fuel/

CONFUSION EVERYWHERE. THE GOVERNMENT IS LOOSING CONTROL VERY FAST. LUKURAWAS WILL KILL NIGERIA.

Confused and fantastically corrupt leaders are our major problem in this country. Since the oil importation cabals don't want to buy petrol from dangote for reasons best known to them, the refinery is free to sell her products to those that are willing to buy the products.

Let's be honest, Dangote fuel is not more expensive that imported ones else these countries won't buy from him.
Those corrupt NNPCL and independent marketers knows what they are doing.

Anything but South Africa...those guys are indeed very terrible

How much will they sell to those countries? It's a very important question.

saintkel:
Anything but South Africa...those guys are indeed very terrible

Some of you just type without thinking. You built a factory of $20B. You started producing. You have your money to make because you need to make your $20B back alongside profits and payments of salary. You now come and say you won't sell to a particular group of people because.... when they are actually ready to pay you your money? See, many of you on nairaland with only emotions but no logic.

On the other hand, the man Dangote cannot be trusted. Is his refinery able to produce for about those 8,9,10 countries he mentioned? Me I personally don't think so. I think it's a trick. Mind you, he wants to stop importers from importing so that he would have successfully monopolized the sector too. Is he being realistic?

These leaders are terrible, they know exactly what they're doing. Dangote be doing the most. Nonsense!

saintkel:
Anything but South Africa...those guys are indeed very terrible

But their money is not terrible....this is business.

orisa37:
CONFUSION EVERYWHERE. THE GOVERNMENT IS LOOSING CONTROL VERY FAST. LUKURAWAS WILL KILL NIGERIA.

The militaries have killed lukurawas in sokoto
Check

saintkel:
Anything but South Africa...those guys are indeed very terrible

..

If those countries can get it cheaper with better quality elsewhere, I am sure they would not patronise Dangote refinery.

I am curious, Ghana was on the list, sha

yommen:
How much will sell to those countries? It's a very important question.

The way they are buying up Dangote products, there won't be any left for Nigeria.

Why all this noise? Sell to them and stop to monopolize your product here.

Have you forgotten that it was reported that Dangote Cement is more expensive in Nigeria than other African countries where they export it,

So, don't be surprised if he offers them cheaper price

richmond500:
Let's be honest, Dangote fuel is not more expensive that imported ones else these countries won't buy from him.
Those corrupt NNPCL and independent marketers knows what they are doing.

richmond500:
Let's be honest, Dangote fuel is not more expensive that imported ones else these countries won't buy from him.
Those corrupt NNPCL and independent marketers knows what they are doing.

The major problem is they can't smuggle buying from him.

This marketers make big money from smuggling, Dangote products can't be smuggle due to strict monitoring.

Good2go1:
Have you forgotten that it was reported that Dangote Cement is more expensive in Nigeria than other African countries where they export it,

So, don't be surprised if he offers them cheaper price

That not correct.

Dangote cement isn't cheaper elsewhere, your currency determines price.

The major problem here is the marketers still want to smuggle cos that where they are making big money.

With Dangote petrol they can't do that anymore cos they did him dirty with the diesel he sold to them.

Good2go1:
Have you forgotten that it was reported that Dangote Cement is more expensive in Nigeria than other African countries where they export it,

So, don't be surprised if he offers them cheaper price

they have explained this thing over and over.
That his cement is not cheaper outside

Show us their vessels

"The militaries have killed lukurawas in sokoto
Check".

Good.
Then TAG THE NAIRA AT N500 : $1 PETROL AT N500 PER LITER.
INFLATION WILL THEN COME DOWN.

Cajal:
The militaries have killed lukurawas in sokoto
Check

THE WICKED SHALL PERISH IJN AMEN.
TURN THE SULTANATE INTO THE SHRINE OF ISESE.

"The militaries have killed lukurawas in sokoto
Check".

VERY GOOD.
KILL BOKOHARAM AND BANDITS.
THIS IS TRUMP ERA.
WE MUST PROTECT NIGERIA 'S BOUNDARIES.

Good.

The more the merrier

bewla:
Go ahead its always about the money for this guy

Make una go build una own refinery. Leave our Dangote alone.

Good2go1:
Have you forgotten that it was reported that Dangote Cement is more expensive in Nigeria than other African countries where they export it,

So, don't be surprised if he offers them cheaper price

Dangote Cement produced in Obajana is cheaper in Kano state than Kogi where it is produced.

That issue made Yahaya Bello shut down the factory some years ago.

This is a game changer.

Dangote refinery is gonna turn Nigeria into an oil powerhouse and boost the economy massively.

yommen:
How much will sell to those countries? It's a very important question.

perhaps petrol is more expensive in those countries than Nigeria cos if its okay for them at our current price PLUS the transportation and associated costs to their own country, then it implies theirs have been more expensive before now.

Awesome!

[color=#000099][/color]

Bobodee09:
The major problem is they can't smuggle buying from him.

This marketers make big money from smuggling, Dangote products can't be smuggle due to strict monitoring.

They make big money from smuggling but sells PMS at a cheaper rate. Dangote that bought in naira, no shipping fee, no import duty, loading fee etc still sells at higher amount? Who then is racking all their resources? We Nigerians hate truth! How can Dangote PMS produced in Nigeria be higher than the one produced in Europe and shipped to Nigeria?