Business News of Sunday, 28 July 2024

Source: legit.ng

‘Our attention has been drawn’ - Dangote speaks as report claims refinery resells crude oil

Aliko Dangote Aliko Dangote

The Dangote Petroleum Refinery has firmly rebutted claims circulating in certain media outlets regarding the resale of crude oil shipments.

Reuters had reported that the Dangote refinery was facing some operational challenges, which had led to the resale of crude sourced from the United States and Nigeria.

The report claimed that grades like US West Texas Intermediate (WTI) Midland, and Nigerian Escravos and Forcados crudes were offered.

This was quickly circulated by various media outlets not Legit.ng cited an anonymous official with knowledge of the deal with local refineries.

Legit.ng reached out to Anthony Chiejina, Dangote Group's Chief Branding and Communication Officer, who was not available.

An insider in the Dangote group told Legit.ng, "The report is false, I am not aware of any of such deal"

Subsequently, a statement was released on X on the official Dangote Group page, signed by Chiejina in response to the allegations.

The Dangote Group stressed that the refinery is not authorized to sell crude oil purchased from Nigeria and that the narratives reported were aimed at discrediting the refinery.

The statement reads: “Our attention has been drawn to a misleading report suggesting that our refinery’s crude distillation unit (CDU) is experiencing issues and that we are reselling crude oil.

“We categorically deny these claims. The Dangote refinery is not authorized to sell crude oil purchased from Nigeria, and our CDU is fully operational and functioning optimally.

“We advise the public to disregard these false narratives, which are likely driven by interests opposed to the lOCs."