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Dangote Refinery has dismissed claims that it exports refined petroleum products to neighbouring countries lone for the aforesaid products to beryllium re-imported into Nigeria.
The refinery made the clarification successful a connection posted connected its authoritative societal media relationship on Wednesday.
The effect follows reports alleging that the $20 cardinal refinery gives precedence to export markets implicit home substance supply.
However, the institution maintained that the Nigerian marketplace remains its superior focus.
According to the refinery, it would beryllium economically illogical to incur further shipping, storage, financing and handling costs to nonstop products overseas and past bring them backmost to vie successful its largest market.
Dangote Refinery further stated that exports lone impact volumes that are not purchased by section marketers.
“Fuel markets are complex, but commercialized logic is often simple.
“Recent claims person suggested that products produced locally are exported to neighbouring countries and past re-imported into Nigeria. Before accepting specified claims, it is worthy asking a fewer important questions:
“Does it marque commercialized consciousness to incur further shipping, storage, financing and handling costs lone for a merchandise to instrumentality and vie successful its largest and closest market?
“Who benefits financially from specified a transaction?
“Wh...
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