*Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, discloses the state oil firm has stopped importing refined petroleum products, and is lifting oil only from domestic refineries, including Dangote Petroleum Refinery in Lagos

Gbenga Kayode | 绿帽献妻

The Nigerian National Petroleum Company Limited (NNPCL) says it has stopped importing refined petroleum products.

绿帽献妻 learnt Malam Mele Kyari, Group Chief Executive Officer (GCEO) of NNPCL, disclosed this development in his keynote address delivered at the 42nd Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) Monday, November 11, 2024, in Lagos.

Kyari also afirmed that the state oil firm now sources its fuel supply 鈥渆xclusively from domestic refineries, including the Dangote Petroleum Refinery.

The GCEO of NNPCL averred: “Today, NNPC does not import any product; we are taking only from domestic refineries.鈥�

Kyari: NNPCL remains 鈥榩roud part-owners of Dangote Refinery鈥�

Contrary to certain media reports in the heat of the recent altercations between the Company, Dangote Refinery, NURPC, and fuel marketers, labelling the NNPCL as a 鈥渟aboteur鈥� of domestic oil-refining by not supporting local refineries, Kyari asserted that 鈥渢he point is very far from it and I’m going to speak to it straight.

鈥淲e are very proud part-owners of Dangote refinery, no doubt about it.鈥�

He further explained: “We saw an opportunity that there is a clear market for at least 300,000 barrels of our production; we know that as time moves on, people will start struggling to find markets for their production.

“It will happen; it’s already happening. Oil is found, as you know, in many unexpected locations across the world and people have choices.鈥�

The GCEO of NNPCL also stated in his address: 鈥淭herefore, we saw an opportunity to log supply to the domestic refinery, not just Dangote but any other refinery that operates in the country, so it was a very informed business decision.

“Therefore, from day one, we knew that it is to our benefit to supply crude oil to the domestic refinery, so we don’t need to be persuaded.

鈥淲e don’t need anyone to talk to us, there is no need for any pressure from the streets for us to do this. We are already doing this.”

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