By Tobias Lengnan Dapam
The Dangote Refinery has insisted that it is unable to secure full crude requirement from domestic production and urged NUPRC to fully enforce domestic crude supply obligation as mandated by the PIA.
A statement issued yesterday by
Anthony Chiejina, Group Chief, Branding and Communications Officer, said the Dangote Refinery never accused NNPC of not supplying 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.
“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”
Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.
