Would you like to receive notifications on latest updates of the following headlines?

Dangote Debunks Report on Sales of Crude Oil

POSTED ON July 28, 2024 •   BUSINESS      BY Benedicta Bassey
Dangote Refinery/ Photo credit: Cable

The Dangote Oil Refinery has debunked the claims that it is reselling crude oil to other traders as widely reported.

The refinery, in a statement by the Group Chief, Branding and Communications, Anthony Chiejina, on Saturday, dismissed the claim that its crude distillation units had issues.

Reuters had reported that the refinery was reselling crude oil cargoes from both the United States and Nigeria as a result of technical challenges.

But the spokesperson for the refinery, Chiejina, said, “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 debunk these claims. The Dangote refinery is not authorised 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 local refining of fuels.”

READ ALSO
EFCC Warns Developers: "Don't Profit from the Proceeds of Crime
BY Abiodun Saheed Omodara August 7, 2025 0

ABUJA, Nigeria - The Economic and Financial Crimes Commission (EFCC) has raised concerns about the p...

READ ALSO
Tinubu Calls for Enhanced Regional Integration to Boost West Africa's Economic Competitiveness
BY Abiodun Saheed Omodara August 2, 2025 0

President Bola Tinubu has highlighted the crucial need for enhanced regional integration throughout...

READ ALSO
Dangote Advocates Affordable Housing Solutions at Africa International Housing Show
BY Abiodun Saheed Omodara August 1, 2025 0

Dangote Cement Plc has urged stakeholders in Nigeria's housing sector to adopt affordable mass housi...

READ ALSO
NOGASA Warns of Nationwide Disruptions as Dangote Refinery Plans Direct Supply to Consumers
BY Abiodun Saheed Omodara August 1, 2025 0

The Natural Oil and Gas Suppliers Association of Nigeria has issued a warning regarding the Dangote...

READ ALSO
NBS Reports Surge in Cooking Gas and Kerosene Prices across Nigeria
BY Abiodun Saheed Omodara July 31, 2025 0

The National Bureau of Statistics (NBS) has announced a rise in the average costs of cooking gas and...

READ ALSO
FG to Raise N796bn Annually from New 5% Petrol Surcharge
BY Abiodun Saheed Omodara July 31, 2025 0

The Federal Government is expected to generate N796bn annually from the implementation of a five per...

READ ALSO
Business Owners in Abuja Raise Alarm over Rising Operational Costs and Falling Sales
BY Abiodun Saheed Omodara July 30, 2025 0

Business owners in the Federal Capital Territory have voiced their worries about the escalating cost...

READ ALSO
33 African Startups Cease Operations in 30 Months Amid Shift to Sustainability
BY Abiodun Saheed Omodara July 30, 2025 0

In the last 30 months, from January 2023 to mid-2025, approximately 33 startups in Africa ceased ope...

OUR CHANNELS:

I Will Die on a Sunday After Church, Pastor Adeboye Envisions Peaceful Passing
BY Abiodun Saheed Omodara August 9, 2025 0

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adejare Adeboye, has reit...


Starmer Calls for Ceasefire and Humanitarian Aid as Gaza Situation Deteriorates
BY Abiodun Saheed Omodara August 9, 2025 0

The Prime Minister of the United Kingdom, Keir Starmer, has urged the Israeli government to rethink...


CP Shogunle Explains Omoyele Sowore's Arrest
BY Abiodun Saheed Omodara August 9, 2025 0

The Commissioner of Police for the Special Intervention Squad, CP Abayomi Shogunle, has clarified th...


Lens Signs World Cup Champion from Udinese
BY Abiodun Saheed Omodara August 10, 2025 0

French World Cup champion Florian Thauvin made his return to Ligue 1 on Friday as Lens announced the...


Nigerian Navy Shuts Down 70 Illegal Refineries, Seizes Over 400,000 Liters of Stolen Crude
BY Abiodun Saheed Omodara August 9, 2025 0

The Nigerian Navy has reported that its Special Forces shut down over 70 illegal refinery operations...


U.S. Raises Bounty on Maduro to $50 Million amid Drug Trafficking Allegations
BY Abiodun Saheed Omodara August 10, 2025 0

The United States has increased its bounty on Venezuelan President Nicolas Maduro—who is facin...


FG to Prosecute K1 De Ultimate after NCAA 6months flight Ban
BY Abiodun Saheed Omodara August 8, 2025 0

The last may not have been heard on the faceoff between Fuji musician, Wasiu Marshal, popularly call...


Scores Die During Plane, Train Crashes in Kenya
BY Abiodun Saheed Omodara August 10, 2025 0

No fewer than 10 persons including doctors and nurses have been confirmed dead following an aircraft...


Foreign Investors Pull Out N576.09 Billion from Nigerian Equities in H1 2025
BY Abiodun Saheed Omodara August 10, 2025 0

Foreign investors divested from equities totaling N576.09 billion on the Nigerian Exchange from Janu...


EFCC Warns Developers: "Don't Profit from the Proceeds of Crime
BY Abiodun Saheed Omodara August 10, 2025 0

ABUJA, Nigeria - The Economic and Financial Crimes Commission (EFCC) has raised concerns about the p...


More Articles

Load more...

Menu