DIL accuses IOCs of manipulating crude oil prices to hinder Dangote Refinery's local oil purchases.
Dangote Industries Limited (DIL) accuses international oil companies (IOCs) operating in Nigeria of manipulating crude oil prices to hinder the Dangote Oil Refinery's efforts to buy local crude oil. DIL's Vice President of Oil and Gas, Devakumar Edwin, alleges that the high prices forced the refinery to import crude from distant nations like the United States, increasing production costs. Edwin calls for government and regulatory support to help create jobs and prosperity in Nigeria.
June 23, 2024
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