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We did not receive 29m barrels crude oil supply from NUPRC— Dangote Refinery

by Present Nigeria
August 11, 2024
in Business
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The management of Dangote Petroleum Refinery and Petrochemicals has reacted to a statement by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), claiming to have facilitated 29 million crude oil barrels to the 650,000bpd Dangote refinery.

In a statement on Friday signed by Anthony Chiejina, Group Chief, Branding and Communication for Dangote Industries Limited, the Refinery stated that it was yet to receive the 29 million barrels of crude oil.

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“We would like to thank them for this allocation but at the same time let them know that we are yet to receive these cargoes.”

According to Dangote Refinery, NUPRC has only facilitated the purchase of one crude cargo from a domestic producer.

“Aside from the term supply we bilaterally negotiated with NNPC, so far NUPRC has only facilitated the purchase of one crude cargo from a domestic producer. The rest of the cargoes we have processed were purchased from international traders,” Dangote Refinery stated.

The company further urged NUPRC to facilitate the implementation of the Petroleum Industry Act which accounted for domestic crude obligation.

“All we are asking for is for refineries in Nigeria to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen. This is specified in the PIA,” the company added.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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