Dangote Sings Another Song, Insists “We Still Can’t Secure Our Full Crude Requirement From NNPC”

The Management of Dangote  Petroleum Refinery has exonerated Nigerian National Petroleum Corporation Limited (NNPC Ltd) of withholding crude oil supplies to it but accused Nigerian Upstream Petroleum Regulatory Commission (NUPRC) of failure to enforce the domestic crude supply obligation as mandated by the PIA

The management insisted that it is not yet getting enough crude required for the effective optimization of its refinery.

The Refinery Management, in a release signed by, Group Chief, Branding and Communications Officer, Anthony Chiejina stated, “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”