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Oil workers urge Tinubu to support Dangote refinery, IOC investigates

The Nigerian Union of Petroleum and Pure Fuel Staff and the Petroleum and Pure Fuel Senior Employees Affiliation of Nigeria have referred to as on President Bola Tinubu to help the Dangote refinery and examine allegations by officers that some worldwide oil firms have been planning to sabotage the success of the ability.

In a letter dated July 1, despatched to the President by way of his Chief of Employees Femi Gbajabiamila, the unions mentioned they have been “deeply involved and shocked by the latest uncommon allegations by the Dangote Refinery and Petrochemicals Firm of a deliberate plot by some worldwide oil firms to frustrate their enterprise endeavours and survival”.

The letter, collectively signed by NUPENG Secretary Olawale Afolabi and his PENGASSAN counterpart Lumumba Okugbawa, famous that the alleged acts of sabotage included denying the refinery the availability of crude oil and artificially inflating the market costs of crude oil for the corporate, forcing the refinery to supply crude oil from different nations, with the attendant excessive operational prices and logistics.

“The Dangote Refinery will not be solely a essential nationwide asset but in addition a beacon of hope for our power safety, financial progress and employment. The financial advantages to Nigeria of an area refinery of the Dangote’s capability can by no means be overemphasized. That’s the reason NUPENG and PENGASSAN have been campaigning vigorously for many years that Nigeria ought to make it a prerequisite for firms in search of to profit from JVC preparations with Nigeria to arrange a refinery/petrochemical firm in Nigeria.

“Sadly, no successive authorities has been in a position to muster ample political and patriotic braveness to decide on that logical and pragmatic coverage route.

“The survival of firms that dared to speculate massively in refining crude oil in Nigeria, thereby saving our nation from wasteful imports of merchandise that profit different nations and value us international trade, ought to be of nice significance to us as a nation due to the big financial advantages that include it,” the letter reads partially.

The oil employees referred to as on the federal authorities to arrange an impartial panel to research the claims of sabotage by some IOCs. They mentioned the investigation ought to be complete and clear, and make sure that all events concerned have been held accountable.

Additionally they demanded that the findings of the investigation be made public to make sure transparency and preserve public belief, as Nigerians have a proper to know the reality in regards to the actions of the IOCs and their influence on nationwide pursuits.

“Ought to the allegations be substantiated, we anticipate the federal government to take decisive authorized motion towards the entities concerned. This could embody sanctions, penalties and different measures obligatory to discourage future acts of financial sabotage.

“Authorities should present all obligatory help to make sure the uninterrupted start-up and operation of the Dangote Refinery. This contains guaranteeing security and stability across the refinery’s operations.

“Your Excellency, we depend on your braveness and unwavering dedication to the Nigerian challenge and we imagine that the Presidency will take decisive motion to guard the Dangote Refinery and guarantee its profitable operation for the advantage of our nation. Defending our nationwide property is our collective duty,” they mentioned.

The $20 billion Dangote refinery in Lekki, Lagos State, is predicted to begin promoting petrol quickly.

Dangote Group President Aliko Dangote mentioned his refinery would cease importing refined petroleum merchandise into Nigeria and Africa.

Nevertheless, the corporate has raised considerations over the IOCs’ alleged refusal to promote crude oil to the refinery.

“It appears that evidently the goal of the IOCs is to make sure that our petroleum refinery goes bankrupt. It’s both that they intentionally ask for ridiculous/enormous premiums or that they merely state that crude oil will not be obtainable.

“At one level, we have been paying $6 above the market worth. This compelled us to chop again on manufacturing and import crude oil from nations as distant because the US, which elevated our price of manufacturing,” Devakumar Edwin, Vice President of Oil and Fuel at Dangote Industries Restricted, mentioned lately.

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