Following months of tension and rivalry, Nigeria’s top oil refiners, the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petroleum Refinery & Petrochemicals, have moved towards resolving their differences in a bid to promote mutually beneficial partnerships and foster healthy competition.
Papers News reports that during a recent meeting in Abuja, both companies expressed their commitment to strengthen their collaboration, focusing on ensuring Nigeria’s energy security and advancing shared prosperity for its citizens.
The rivalry between the two companies had escalated into a fierce petrol price battle, which ultimately led to the suspension of the crude-for-naira deal facilitated by the Federal Government last year. However, the agreement was reinstated after changes in the management of NNPCL.