The Nigerian National Petroleum Company limited, (NNPCL), has disclosed that it’s a proud part-owner of the ?angote Refinery.
This was disclosed by NNPCL’s Group Chief Executive Officer, Mele Kyari at a conference hosted by the Nigerian Association of Petroleum Explorationists in Lagos, on Monday.
Recall that following the commencement of the refinery, Aliko ?angote had accused NNPCL and some cabals in the oil sector of trying to sabotage its operations.
However, Kyari dismissed the claims that NNPCL was undermining the operations of the ?angote refinery, saying: “The point is very far from it; and I’m going to speak to it straight. We are very proud part-owners of ?angote Refinery, no doubt about it.
“We saw an opportunity that there is a clear market for at least 300,000 barrels of our production; we know that as time moves on, people will start struggling to find markets for their production. It will happen; it’s already happening. Oil is found, as you know, in many unexpected locations across the world, and people have choices. Therefore, we saw an opportunity to log supply to the domestic refinery, not just ?angote but any other refinery that operates in the country, so it was a very informed business decision”.
