Dangote accuses IOCs of manipulating crude oil prices
International Oil companies (IOCs) are frustrating the efforts of the Dangote Industries Limited to make fuel available to Nigerians at cheap cost. The Vice-President for the Dangote group Oil and Gas, Devakumar Edwin, who disclosed this said the IOCs are deliberately and willfully frustrating the refinery’s efforts to buy local crude by hiking the cost above the market price, thereby forcing the refinery to import crude from countries as far […]