Fuel Export To Togo For Re-Import Never Happened

Fuel Export To Togo For Re-Import Never Happened – Dangote
Company described allegation as false, illogical and commercially unattractive.
Refinery cited contracts, traceability systems and economic realities.

Dangote Refinery has denied allegations that petroleum products refined at its facility are exported to Lomé, Togo, and later re-imported into Nigeria.

In a statement issued on Tuesday, the company described the claims as false, unsubstantiated, and lacking commercial logic. The refinery said it was compelled to respond despite its longstanding policy of ignoring baseless allegations.

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EKO HOT BLOG reports that according to the company, the claim that its products are shipped to Togo before returning to Nigeria is inconsistent with available trade data and the realities of the petroleum business.

“As a matter of policy, we do not respond to baseless and unsubstantiated claims, given our current determination and focus in ensuring energy security in Nigeria and Africa as a whole. However, we have decided to clear the air on these ill motivated web of falsehoods for posterity,” the statement read.

The refinery stressed that facilitating imports that compete with its own products would contradict its business objectives as a major supplier of fuel to the Nigerian market.

It added that its sales contracts and tender agreements expressly prohibit buyers from re-importing exported products into Nigeria.

Dangote Refinery also dismissed the allegation on economic grounds, noting that transporting fuel from its facility to Lomé and back to Nigeria would cost between $82 and $90 per metric tonne. According to the company, such expenses would significantly reduce profitability and make the arrangement commercially unattractive.

The refinery further stated that it does not provide export discounts capable of offsetting the additional logistics costs involved in such transactions.

The company said it maintains strict product traceability and compliance systems, including records of sales, vessels, counterparties, and declared destinations.

Fuel Export To Togo For Re-Import - Dangote — Fuel Export To Togo For Re-Import – Dangote

Dangote Refinery maintained that the allegation contradicts its consistent advocacy for reducing Nigeria’s dependence on imported petroleum products, insisting there is neither a strategic nor commercial reason to support exports for subsequent re-importation into the country.