“You Must Source Your Own Feedstock” – NNPC Tells Aliko Dangote Refinery

August 8th, 2024



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“NNPC Limited’s Group CEO, Mele Kyari, has stated that the Dangote Refinery must secure its own feedstock, as it is a commercial venture that requires sourcing raw materials and finding a market.

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Kyari made this statement while addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Industry at the National Assembly.

He emphasized that NNPC has not violated any laws governing its operations with partners and should be exempt from claims of economic sabotage.

Kyari clarified that the law clearly outlines domestic crude oil supply obligations and provisions for local refineries, but stressed that there must be a willing buyer and seller for transactions to occur.”

He said:

“Refining business is a straightforward business. You must secure (a source for) your feedstock and you must find a market.”

“This is basic and this determines what happens in any refinery anywhere in the world. That is the business of refining. We have done nothing to sabotage any domestic refinery.”



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Gaius Otutu is the owner of GistsNaija, which was launched in 2012.

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