*Dangote Petroleum Refinery restates the company’s inability to secure its full crude requirement from domestic production for Dangote Petroleum Refinery from the NNPC Limited, urging the NUPRC to ‘fully enforce the domestic crude supply obligation’ as mandated by Nigeria鈥檚 Petroleum Industry Act聽

Isola Moses | 绿帽献妻

The Management of the Dangote Petroleum Refinery has insisted that the company is yet to get enough crude required for the effective optimisation of the refinery from the Nigerian National Petroleum Company Limited (NNPCL).

绿帽献妻 reports the company’s clarification followed certain media reports, alleging that the Dangote Petroleum Refinery has backtracked by acknowledging that the NNPC Limited supplied about 60 percent of the 50 million barrels the company had lifted.

Mr. Anthony Chiejina, Group Chief, Branding and Communications Officer at Dangote Group, in a statement Friday, August 9, 2024, however, clarified that “we have never accused NNPCL of not supplying us with crude. “Our concern has always been NUPRC’s reluctance to enforce the domestic crude supply obligation and ensure that we receive our full crude requirement from NNPC and the IOCs.”

Chiejina stated: “For September, our requirement is 15 cargoes, of which NNPC allocated six.

“Despite appealing to NUPRC, we’ve been unable to secure the remaining cargoes.

“When we approached IOCs producing in Nigeria, they redirected us to their international trading arms or responded that their cargoes were committed.”

The statement also noted: “Consequently, we often purchase the same Nigerian crude from international traders at an additional $3-$4 premium per barrel, which translates to $3-$4 million per cargo.”

Chiejina restated: “We, therefore, still insist that we are unable to secure our full crude requirement from domestic production and urge NUPRC to fully enforce the domestic crude supply obligation as mandated by the PIA.”