Three oil marketers have told a Federal High Court, sitting in Abuja, that the alleged planned monopoly of the energy sector by Dangote Petroleum Refinery and Petrochemicals will spell doom for the country’s oil sector.
According to them, the plan to monopolise the oil sector by Dangote is a recipe for disaster in the country.
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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, the Plaintiff in the suit numbered, FHC/CS/ABM/1324/2024, told the court that the Plaintiff does not produce adequate petroleum products for the daily consumption of Nigerians.
The plaintiff had, in September 2024, sued the Nigeria Midstream And Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria National Petroleum Corporation Limited (NNPC), 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, the plaintiff prayed the court to declare that NMDPRA is in violation of Sections 317(eight) and (nine) of the Petroleum Industry Act by issuing licences for the importation of petroleum products.
He stated that such licences should only be issued in circumstances where there is a petroleum product shortfall and urged the court to declare that NMDPRA is in violation of its statutory responsibilities under the Petroleum Industry Act (PIA) for not encouraging local refineries such as Dangote Refinery.