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NNPC not competing with you – Kyari tells Dangote

The Managing Director of the Group of the National Petroleum Corporation of Nigeria (NNPC), Mallam Mele Kyari, said Wednesday that the national oil company was not in competition for market share with the next Dangote Refinery.

Kyari said the company was supporting project promoters to increase refining capacity in the country.

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Speaking while receiving the President and Executive Director of the Dangote Group, Alhaji Aliko Dangote, at the NNPC Towers, Kyari explained that the NNPC had a duty to bring together industry players like the Dangote Group to achieve the goal of making Nigeria an A net exporter. Of petroleum products.

He assured that the same level of support would be provided to other refinery promoters, and noted that the ultimate goal was to improve production in the country to the point of self-sufficiency and, ultimately, for export.

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Earlier in his presentation, Dangote emphasized that the commercial focus of the Dangote Refinery was to see NNPC as a collaborator rather than a competitor.

He pointed out that the refinery would rely heavily on the Corporation’s valuable knowledge about the refining business in Nigeria to achieve its central objective.

Dangote aligned its company with the Federal Government’s aspiration to guarantee adequate refining capacity in the country, stating that at the end of the refinery it would devote 53% of its projected refining capacity of 650,000 barrels per day to the production of gasoline.

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“The most important thing for us is to see how we can partner with NNPC, not see how we can compete with NNPC.

“We would like NNPC to be part of us, and we also want to be part of NNPC. I think that is the only way we can achieve a win-win situation, “he said.