Oil minister, Lokpobiri, wades into face-off between Dangote, regulatory agencies, IOCs

The Minister of State Petroleum Resources [Oil] Heineken Lokpobiri has waded into the ongoing face-off between the Chairman and CEO of Dangote Group, Aliko Dangote and regulatory authorities in the oil and gas sector over issues surrounding the Dangote Refinery and Petro Chemical Plant.

Dangote and Nigeria’s oil industry regulatory authorities like Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have been at loggerheads in recent weeks over the 650,000bpd refinery located in the Ibeju-Lekki area of Lagos State.

Things escalated on July 18, when Farouk Ahmed, the chief executive officer of NMDPRA had said local refineries, including the Dangote refinery, were producing inferior products compared to the ones imported into the country.