In a stunning move, Dangote Petroleum Refinery and Petrochemicals FZE has asked the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Corporation Limited (NNPCL), Matrix Petroleum Services Limited, and five other companies ¹. The reason? These companies are importing refined petroleum products that Dangote Refinery is already producing without any shortfalls.
The Players Involved
- Dangote Petroleum Refinery and Petrochemicals FZE: The plaintiff seeking to void the import licenses
- Nigeria National Petroleum Corporation Limited (NNPCL): One of the defendants accused of importing refined petroleum products
- Matrix Petroleum Services Limited: Another defendant facing allegations of importing refined petroleum products
- A. A. Rano Limited: Also named as a defendant in the case
- Four other companies: Remain unnamed in the report, but are also defendants in the case
The Stakes
The lawsuit is valued at a whopping N100 billion, making it a high-stakes battle between Dangote Refinery and the defendants ¹. The outcome of this case could have significant implications for Nigeria’s oil and gas industry.
NNPCL’s Response
In a previous statement, NNPCL denied claims that it granted a license to Dangote Refinery to import Petroleum Motor Spirit (PMS), also known as petrol, pending completion of the refinery ². However, this latest development suggests that Dangote Refinery is taking a more aggressive approach to protecting its interests.
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