Dangote Group has refuted claims that the Nigerian National Petroleum Company (NNPC) has begun lifting petrol from its refinery. This comes in...
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The Management of Dangote Petroleum Refinery has insisted that it is not yet getting enough crude required for the effective optimization of its refinery from the Nigerian National Petroleum Corporation Limited (NNP).The Refinery Management, in a release signed by, Group Chief, Branding and Communications Officer, Anthony Chiejina revealed that, “we therefore still insist that we are unable to secure our full crude requirement from domestic production and urge the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to fully enforce the domestic crude supply obligation as mandated by the PIA.”Chiejina clarified that his company has never accused NNPC 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.”He further explained that “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.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”
Dangote Group has refuted claims that the Nigerian National Petroleum Company (NNPC) has begun lifting petrol from its refinery. This comes in...
NNPC will stop placing orders for petroleum imports and will rely on Dangote Refinery for domestic supply from October.
NNPC will stop placing orders for petroleum imports and will rely on Dangote Refinery for domestic supply from October.
The Dangote Group has refuted the claims in the media that the Nigeria National Petroleum Company Limited (NNPC Ltd) is currently lifting petrol from...
The Dangote Group has refuted the claims in the media that the Nigeria National Petroleum Company Limited (NNPC Ltd) is currently lifting petrol from...
•Says Market Open to Lower Prices from Any Domestic Refinery By Halimah Olamide The Nigerian National Petroleum Company (NNPC) Limited has declared...
The Nigerian National Petroleum Company Limited, NNPC Ltd, has denied claims that it is undermining the Dangote Refinery, insisting that the market is...
The Nigerian National Petroleum Company Limited, NNPC Ltd, has denied claims that it is undermining the Dangote Refinery, insisting that the market is...
L-R: Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin; President/CE, Dangote Industries Limited, Aliko Dangote, holding a...
L-R: Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin; President/CE, Dangote Industries Limited, Aliko Dangote, holding a...