Three major oil marketers have told the Federal High Court in Abuja that the planned monopoly of the energy sector by Dangote Petroleum Refinery will spell doom for the country’s oil sector.
According to the oil marketers, Dangote’s plan to monopolize the oil sector is a recipe for disaster in the country.
The three marketers – AYM Shafa Limited, A. A. Rano Limited and Matrix Petroleum Services Limited – in their replies to a suit filed by Dangote Petroleum in a suit marked FHC/CS/ABJ/1324/2024, told the court that the plaintiff does not produce adequate petroleum products for the daily consumption of Nigerians and that there is nothing before the court to prove the contrary.
Dangote had in September 2024 sued the Nigeria Midstream And Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria National Petroleum Corporaiton Limited (NNPCL), AYM Shafa Limited, A.A.Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited and Matrix Petroleum Services Limited.
In the suit dated September 6, 2024, Dangote prayed the court to declare that NMDPRA is in violation of sections 317(8) and (9) of the Petroleum Industry Act, PIA, by issuing licenses for the importation of petroleum products.
