The delay by Dangote Petroleum Refinery and Petrochemicals to serve its amended originating summons on Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and six other defendants on Monday, stalled the hearing of its suit seeking to stop issuance of oil import licenses to some oil marketing companies. Dangote Refinery had sued NMDPRA, Nigeria National Petroleum Corporation Limited (NNPCL), AYM Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited, and Matrix Petroleum Services Limited as 1st to 7th defendants respectively in the originating summons, marked: FHC/ABJ/CS/1324/2024 dated September 6, 2024. The oil company, through its lawyer, Ogwu Onoja, SAN, prayed the court to nullify import licences issued by NMDPRA to the NNPCL and the five other companies to import refined petroleum products. The company (plaintiff) also
Tag Archives: DangoteRefinery
Jan
The Dangote Refinery was commissioned in May 2023. Dangote Refinery has said that the recent adjustment in the company’s ex-depot price of petrol “is directly related to the significant increase in global crude oil prices”. The company assured Nigerians that three of its partners will sell petrol for ₦970 per litre nationwide despite the company’s recent increase in the ex-depot price of petrol. A spokesman for the refinery Anthony Chiejina in a statement on Sunday said, “While we have made a 5% adjustment to our ex-depot price from N899.50 to N950 per litre, it is important to note that this increase is considerably lower than the 15% rise in global crude oil prices, which has seen Brent Crude rise from $70 to $82 in a matter of days, in addition to