WE STILL CAN’T SECURE OUR FULL CRUDE REQUIREMENT FROM NNPC – DANGOTE
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”
More Stories
ABUJA ‘YAHOO BOY’ ALLEGEDLY KIDNAPS LADY FOR RITUAL
A young woman identified as Olivia was reportedly kidnapped and held captive at Top View Hotel in Wuse, Abuja, by...
SENATE TO LEGISLATE LOCAL GOVERNMENT AUTONOMY — AKPABIO
Senate President, Godswill Akpabio, has pledged that the Senate will amend the constitution to ensure the full implementation of...
WOMAN DIES IN OSUN BUILDING COLLAPSE
A resident of Ifetedo in Osun State, identified as Idowu, had reportedly died in an incident of collapse building that...
HUSBAND OF RUSSIA’S RICHEST WOMAN CHARGED WITH MURDER
The estranged husband of Russia’s richest woman was arrested on Thursday and charged with several crimes, including murder after two...
EX-ARSENAL PLAYER ARRESTED FOR ALLEGED £600,000 CANNABIS SMUGGLING
Former Arsenal footballer, Jay Emmanuel-Thomas has reportedly been apprehended for allegedly trying to smuggle cannabis worth £600,000 (₦1.2 billion). Emmanuel-Thomas,...
BUILDINGS COLLAPSE: INVEST IN YOUR PROFESSIONAL DEVELOPMENT
Retrofit engineers have been tasked by Engr. Olayinka Abdul, General Manager of the Lagos State Materials Testing Laboratory Agency (LSMTL),...