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Business & Economy

Oil Minister Lokpobiri holds peace meeting to resolve Dangote Refinery, NMDPRA rift

The FrontierThe FrontierJuly 23, 2024 3261 Minutes read0

•Minister and his entourage meet with Aliko Dangote

The Minister of State Petroleum Resources [Oil], Senator Heineken Lokpobiri has convened a high-level meeting with key stakeholders to address and resolve the ongoing issues surrounding the Dangote Refinery.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) recently accused the refinery of churning out inferior products, reports The Nation.

Responding, the Dangote Petroleum Refinery, President Aliko Dangote offered to sell out the refinery to the state-owned Nigerian National Petroleum Company Limited (NNPCL).

A statement by the Special Adviser Media and Communication, Nneamaka Okafor to the Minister reads: “The Minister of State Petroleum Resources [Oil], Senator Heineken Lokpobiri yesterday convened a high-level meeting with key stakeholders to address and resolve the ongoing issues surrounding the Dangote Refinery.”

The spokesperson said those present at the meeting were: Dangote Group, Chairman/Chief Executive Officer Aliko Dangote; Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Farouk Ahmed; Nigerian Upstream Petroleum Regulatory Commission (NUPRC); Engr. Gbenga Komolafe, the Nigerian National Petroleum Company Limited (NNPCL), Group Chief Executive Officer (GCEO) Mr. Mele Kyari.

The stakeholders, according to the statement, expressed gratitude to the Minister for his exemplary leadership and timely intervention in facilitating this crucial dialogue.

The meeting focused on finding a sustainable and lasting solution to the current impasse affecting the Dangote Refinery, with all parties demonstrating a commitment to collaborative and proactive problem-solving.

Lokpobiri emphasised the importance of cooperation and synergy among all stakeholders to ensure the success and optimal performance of the Oil and Gas sector, which is pivotal for Nigeria’s economic growth and energy security.

This meeting marks a significant step towards resolving the challenges and underscores the Minister’s dedication to fostering a conducive environment for Nigeria’s oil and gas sector.

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Dangote refineryLokpobiriNMDPRAOil Ministerpeacerift
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