Obasanjo explains why Dangote's $750 million offer to run Nigeria's refineries

Obasanjo explains why Dangote's $750 million offer to run Nigeria's refineries was turned down.
"I called the  head of Shell to come and tell me what the problem was and he gave me four or five  reasons." He  told me, first of all,  that they  had a  significant profit upstream, not downstream. He said they  turned uphill just to keep their  heads above water.  Second, our refineries were  very small: 60,000  barrels, 100,000  barrels, and I  believe 120,000 barrels. He said at that  time the average refinery was  operating with 250,000  barrels. punchng.com/comment-dangotes-7
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