Petroleum Industry Bill Would only give permission to Dangote to Import Fuel

Petroleum Industry Bill Would only give permission to Dangote to Import Fuel

Petroleum Industry Bill Would only give permission to Dangote to Import Fuel if passed into law.

The Senate version of the Petroleum Industry Bill will only permit two entities to import petroleum products into Nigeria: those who own active refining licenses and the Nigeria National Petroleum Corporation Limited.

However, the law makes it impossible for even modular refiners like Walter Smith to import the product, as a clause in the concerned section provides that licenses be given based on the refining record of the permit holder.

By the time the bill becomes law, the Dangote refinery, which has a 650,000-barrel per day refining capacity, would be in operation, making him the only license holder.

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In other news, Super TV CEO alleged murderer, Chidinma Ojukwu in a new interview talked about her late lover, Usifo Ataga marital problems. (watch the video here).



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