The Dangote Refinery, Africa's largest, has finally started producing fuels after years of delays but now faces accusations from senior officials that international oil companies (IOCs) are deliberately obstructing its operations. According to Devakumar Edwin, a vice president at Dangote Industries Limited, these IOCs are demanding exorbitant premiums for locally produced crude oil or claiming it's unavailable, which could bankrupt the refinery. This battle suggests a high-stakes conflict over Nigeria's oil industry, where Dangote aims to meet all domestic fuel demands and export surpluses, while the IOCs allegedly prefer Nigeria remain an exporter of crude oil rather than a producer of refined petroleum products.
International oil corporations operating in Nigeria are attempting to disrupt the operations and profit margins of Africa's largest refinery, Dangote, by demanding exorbitant premiums for domestically produced petroleum, according to a top executive at the facility.
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