News
Dangote Refinery Calls for Direct Crude Oil Purchase from Nigerian Producers
In a bid to enhance efficiency and reduce costs, Dangote Refinery has made a straightforward request: allow Nigerian refineries to purchase crude oil directly from domestic producers, bypassing international middlemen.
READ ALSO
- Defunct Diamond Bank founder, Pascal Dozie, dies at 85
- Wike Hosts Suspended Rivers Lawmakers in UK Amid State of Emergency in Rivers State
- Nigeria Exploring Opportunities Amid Trump’s Tariffs – Finance Minister Edun
- 2027: South East SDP Woos Obi, Atiku And Others; Affirm Support For Party’s Leadership
- Peter Obi, Gov. Otti fix April 9 for Labour Party’s NEC, stakeholders’ meetings
This approach would streamline the supply chain, eliminate unnecessary intermediaries, and potentially lead to cost savings. It’s a logical move, considering the refinery’s goal of maximizing efficiency and contributing to Nigeria’s economic growth.
“All we are asking for, is for refineries in Nigeria to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen.” A statement by Dangote reads.
By cutting out middlemen, Dangote Refinery aims to:
- Reduce reliance on international markets
- Boost local economic activity
- Increase efficiency in the supply chain
- Potentially lower costs
Will this request be granted? Only time will tell, but it’s a step in the right direction towards a more self-sufficient and efficient Nigerian oil industry.
