Dangote Raises Alarm Over Boycott Of Its Products

Dangote Raises Alarm Over Boycott Of Its Products, Says Refinery Can Survive Without Local Support

Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, has said that the refinery can operate successfully without relying on local patronage and will export most of its products if local oil traders continue to boycott them.

Edwin stated that the refinery, which has begun producing petrol, will export it if local demand is lacking, just like it currently exports diesel and aviation fuel.

He confirmed that the refinery faces challenges in obtaining domestic crude oil supply, forcing it to import most of its crude oil needs.

Edwin said, "We have been exporting aviation fuel, we have been producing kerosene, we have been producing diesel, but yesterday, we started the production of PMS."

He revealed that the company is building four crude tanks to store imported crude due to inadequate local supply.

Edwin explained that the initial plan was to refine local crude and export finished products, but crude supply challenges have forced them to import crude from overseas.

He pointed out that despite having a gantry capable of loading 2,900 tankers daily, the refinery has only loaded a small fraction of its capacity due to low local patronage.

Edwin disclosed that local traders are not lifting their products, so they are exporting them instead.