Heineken Lokpobiri, minister of state petroleum resources (oil), has held a meeting with Aliko Dangote, chairman and chief executive officer (CEO) of Dangote Group and Farouk Ahmed, CEO of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ‘resolve ongoing issues’.
Gbenga Komolafe, CEO of the Nigerian Upstream Petroleum
Regulatory Commission (NUPRC), and Mele Kyari, group CEO of the Nigerian
National Petroleum Corporation (NNPC) Limited were also at the meeting.
The meeting was held on Monday according to a statement by
Nneamaka Okafor, special adviser on media and communication to the minister.
Okafor said stakeholders expressed their gratitude to the minister for his prompt intervention in facilitating the important dialogue.
“The meeting focused
on finding a sustainable and lasting solution to the current impasse affecting
the Dangote Refinery, with all parties demonstrating a commitment to
collaborative and proactive problem-solving,” she said.
According to the statement, the meeting marks a significant
step towards resolving the challenges and underscores the minister’s dedication
to fostering a conducive environment for Nigeria’s oil and gas sector.
In a separate statement, Lokpobiri emphasised the importance
of cooperation and synergy among all stakeholders to ensure the success and
optimal performance of Nigeria’s oil and gas sector, which he said is essential
for the country’s economic growth and energy security.
On June 4, Dangote said some international oil companies
(IOCs) are struggling to supply crude to his refinery.
However, on July 15, Komolafe described the claim as
“erroneous”, adding that the Petroleum Industry Act (PIA) has provisions that
guide willing buyer-willing seller transactions.
A few days later, the management of Dangote Industries
Limited, the parent company of Dangote Petroleum Refinery, said the IOCs were
frustrating its request to purchase crude feedstock for the refinery.
On July 18, the CEO of NMDPRA said local refineries,
including the Dangote refinery, were producing inferior products compared to
imported ones.
As the feud lingered, Dangote, on July 22, said he was
willing to sell his oil refinery to NNPC.
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