NUPENG/PENGASSAN ASK PRESIDENCY TO INVESTIGATE COLLUSION BY MULTINATIONAL OIL COMPANIES AGAINST DANGOTE REFINERY.

BY Afolabi Oyekunle.

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have called on President Bola Tinubu to urgently investigate allegations of plot against Dangote Refinery and Petrochemicals by International Oil Companies.

In a letter sent to President Tinubu by the two associations through the Chief of Staff Mr. Femi Gbajabiamila they expressed their concern and shock by the recent unusual allegations by the Dangote Refinery and Petrochemicals Company of a deliberate plot by some International Oil Companies (IOCs) to frustrate their business efforts and continued existence.

These sabotaging actions reportedly include denying the Refinery crude oil supply and artificially inflating market prices of the crude oil to the Company, thereby forcing Dangote Refinery and Petrochemicals Company to source crude oil from other countries, even as far as the United States of America with attendant high operating costs and logistics.

The Associations said the Dangote Refinery is not only a critical National asset but also a beacon of hope for Nigeria energy security, economic growth, and employment opportunities.

"The economic benefits of a Local Refinery with such capacity as the Dangote’s to Nigeria, can never be overstated, emphasing their call for decades that Nigeria should make it a pre-requisite condition that Companies that want to benefit from JVC arrangements with Nigeria, to set up a Refinery/Petrochemical Company in Nigeria.

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