In response to current media reviews in regards to the crude oil provide to its facility, Dangote Refinery has formally clarified the scenario.
The refinery rebuts the claims that it admitted to receiving 60% of the 50 million barrels it acquired from the Nigerian Nationwide Petroleum Company (NNPC).
Anthony Chiejina, the Group’s Chief Branding and Communications Officer, burdened that the refinery has by no means accused NNPC of failing to offer crude oil.
In accordance with Chiejina, the principle subject lies with the Nigerian Upstream Petroleum Regulatory Fee (NUPRC) and its enforcement of the home crude provide obligation as outlined within the Petroleum Trade Act (PIA).
Chiejina acknowledged, “For September, our requirement is 15 cargoes.”
“Now we have been allotted six cargoes by NNPC, however regardless of our appeals to NUPRC, we’ve been unable to safe the remaining cargoes. Now we have additionally requested for assist from Worldwide Oil Corporations (IOCs) working in Nigeria, however they directed us to their worldwide buying and selling arms and knowledgeable us that their cargoes had been dedicated,” Chiejina added.
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Chiejina emphasised the monetary impression of this shortfall, noting that the refinery is commonly pressured to buy Nigerian crude from worldwide merchants at a further premium of $3-$4 per barrel, leading to an additional $3-$4 million per cargo.
“Dangote Refinery stays dedicated to advocating for the complete enforcement of home crude provide obligations and urges NUPRC to make sure that the refinery receives its full crude requirement from native manufacturing sources.”
