The Management of Dangote Petroleum Refinery and Petrochemicals has noted with concern the circulation of unfounded and misleading claims suggesting that its petroleum products are exported to Lomé and subsequently re-imported into Nigeria.
The company, in a statement, said that as a matter of policy, it does not ordinarily engage with baseless and unsubstantiated allegations. However, in the interest of transparency and to set the record straight, management considers it necessary to address the deliberate misinformation.
The management stated that the allegation is not supported by verifiable trade data, commercial logic, or the operational realities of Dangote Refinery. A core mandate of the refinery, according to the statement, is to strengthen domestic supply and remain a leading provider of petroleum products in Nigeria. Any practice that enables imports to compete directly with its own production clearly contradicts this objective.
Accordingly, management confirmed that all sales contracts and tender agreements expressly prohibit the resale or re-importation of Dangote Refinery products into Nigeria.
Furthermore, management emphasised that the economics of the purported trade route are fundamentally flawed. Estimated logistics costs for transporting products from the refinery to Lomé and back into Nigeria range between US$82–90 per metric ton. Such additional costs would significantly erode margins and render the transaction commercially unviable.
“Dangote Refinery...
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