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Home Oil & Gas

Dangote Clarifies Stand On Crude Supply To Its Refinery

....urges NUPRC to fully enforce the domestic crude supply obligation as mandated by the PIA

Vital News by Vital News
August 8, 2024
in Oil & Gas
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Dangote Clarifies Stand On Crude Supply To Its Refinery
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The Dangote Refinery and Petrochemical Limited says it has never accused NNPC of not supplying it with crude.

The Company which made this clarification in a statement on Friday said its 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.”

Anthony Chiejina, Group Chief, Branding and Communications Officer of Dangote Group in the statement made the clarifications in a statement.

“Our attention has been drawn to media reports alleging that the Dangote Refinery has backtracked by acknowledging that NNPC supplied about 60% of the 50 million barrels we lifted.

“To clarify, we have never accused NNPC of not supplying us with crude.

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“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.

“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

“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,” the statement said.     (vitalnewsngr.com)

Tags: CrudeDangoteNNPCrefinery
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