“Malta” is trending because days after Dangote implied that the reason Nigeria doesn’t have a working refinery is because NNPC VIP’s have Blending Plants abroad, like in Malta, where they blend crude and illegally sell to themselves in Nigeria, Statisence shared a list of 20 countries where Nigeria imported oil from in 2023.
Reacting to the accusation, Mele Kyari, group chief executive officer of NNPC denied owning a blending plant, except a local mini Agriculture venture.
He also denied knowing of any NNPC employee involved in such and added that the blending plant in Malta or any part of the world has no influence over NNPC’s business operations and strategic actions.
But, Data sourced from Trade Map, a global database on international trade statistics showed Nigeria imported petroleum oils and oils obtained from bituminous minerals worth $ 2.8 billion in 2023, a 342 percent INCREASE from $47.5 million as of 2013.
Between 2013 and 2016, import values fluctuated. There was a peak in 2015 at $117.01 million, followed by a significant drop in 2016 to $13.32 million.
For SIX consecutive years, from 2017 to 2022, petroleum imports from Malta recorded ZERO.
In 2023, there was a substantial JUMP in petroleum imports, reaching $2.08 billion. This represents a MASSIVE increase compared to previous years and the years with no imports.
The sudden surge in imports from Malta, a relatively minor player in global oil markets, has raised eyebrows and fueled speculations.
The dots are connecting but as usual Nigerians will make nothing of it.
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