Dangote Refinery speaks on alleged fuel export to Lomé, re-import into Nigeria

Dangote Petroleum Refinery has powerfully denied allegations that its petroleum products are being exported to Lomé, Togo, and aboriginal re-imported into Nigeria.

In a connection issued by the institution on Tuesday, the refinery described the claims arsenic “unsubstantiated” and “a insubstantial of lies,” insisting determination is nary commercialized oregon operational ground for specified transactions.

According to the company, its halfway concern nonsubjective is to fortify vigor information successful Nigeria and crossed Africa by supplying petroleum products straight to the Nigerian market. It stressed that immoderate signifier involving exporting and past re-importing its products would contradict this goal.

“The allegation that products produced by Dangote Refinery are exported to Lomé and subsequently re-imported into Nigeria is not supported by either disposable commercialized flows oregon commercialized logic,” it said.

The refinery besides argued that the economics of specified a commercialized marque it unviable, noting that transporting products from Nigeria to Lomé and backmost into the state would pull further logistics costs estimated astatine betwixt $82 and $90 per metric ton. It said specified expenses would marque immoderate round-trip question commercially unattractive.

Dangote Refinery further stated that it does not connection export pricing incent...