He said that the decision of the NNPC to be on the board of the Dangote refinery was a calculated attempt, adding that as at today Nigeria does not have strategic storage. “We are taking interest in Dangote refinery and up till now he does not want us to take 50 per cent equity and it was structured on the fact that he must buy 3000 barrels of crude oil from us per day,” he stated. He said that Dangote had a choice to buy crude oil from anywhere in the works but we insisted that he must buy from the country, stressing that it was a good deal the NNPC was proud to enter into. Kyari said that contrary to insinuation, the NNPC had not abandoned the country’s refineries and it was not about taking 500 million dollars loan to repair them. He said that non of the country’s refineries had undergone full scale rehabilitation since 2000.
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