Friday, November 1, 2024

Dangote Refinery Denies Receiving Payments from IPMAN Amid Fuel Supply Disputes

 

The Dangote Petroleum Refinery clarified on Thursday that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for refined petroleum products, addressing oil marketers' concerns about petrol supply shortages. According to Anthony Chiejina, Chief Branding and Communications Officer of Dangote Group, the refinery has no business dealings with IPMAN and is therefore not responsible for any payments IPMAN made to the Nigerian National Petroleum Corporation (NNPC).

Aliko Dangote, founder of Dangote Industries Limited, recently disclosed that the refinery holds over 500 million liters of petrol, though oil marketers have reportedly not been purchasing it. In response, IPMAN claimed its members faced challenges loading petrol from the refinery despite paying N40 billion to the NNPC.

Chiejina clarified that while IPMAN and the refinery are in discussions, there are no official transactions between the two parties. “It is misleading to suggest that IPMAN members face difficulties loading refined products from our refinery, as we have no direct dealings with them,” he stated, emphasizing that the refinery cannot be held accountable for payments made to other entities.

With a daily capacity to load 2,900 trucks and transport products by sea, the refinery assured that it could meet Nigeria's demand for petrol, diesel, and aviation fuel. Dangote Refinery encouraged IPMAN members to formally register and make direct payments to access supplies, adding that there is ample petroleum product available to meet their needs.

The refinery also called on stakeholders to refrain from making unsupported claims in the media, cautioning that such statements could hinder economic progress under President Bola Ahmed Tinubu’s administration. The statement urged cooperation among stakeholders to support Tinubu’s economic initiatives aimed at national growth.

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