Nigerian crude sold to Dangote Refinery through London, Dubai middlemen at $18 higher price – Ugochinyere

The Chairman of the House of Representatives Committee connected Petroleum Resources (Downstream), Ikenga Ugochinyere, has alleged that Nigerian crude is being sold to Dangote Refinery and others done middlemen based successful London, United Kingdom, the United Arab Emirates and Dubai.

He made the assertion during a property briefing connected Thursday, wherever helium raised an alarm that the 650,000-barrel-per-day refinery whitethorn beryllium deed with a crude proviso shortage.

According to him, Dangote Refinery pays an other $18 for each $100 tube of Nigerian crude it buys done intermediaries.

He noted that the state would soon look substance and diesel scarcity if thing is being done to code crude proviso constraints to the $20 cardinal worthy of Dangote Refinery.

“Crude lipid produced successful Nigeria is being sold to our refineries done middlemen based successful London and Dubai, who adhd nary worth but cod immense fees.

“For each tube priced astatine $100, refineries wage $118, with the further $18 going to intermediaries,” Ugochineyere alleged.

His comments travel arsenic Nigerian and planetary economies look a crude lipid pr...