President/Chief Executive of ÆŠangote Industries Limited, Aliko ÆŠangote, has said international traders are deliberately frustrating the establishment of new refineries and the efficient operation of existing ones in Africa, to protect their own interests. ÆŠangote made these remarks as a keynote speaker at the ‘West African Refined Fuel Conference’ in Abuja, organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and S&P Global Commodity Insights. According to ÆŠangote, international traders maintain the offshore Lomé floating market, where over one million tonnes of petroleum products are stored in vessels…
Read More“Int’l oil traders plotting to cripple refineries in W/Africa” – ÆŠangote
