Business
Dangote Denies Crude Supply Issues with NNPCL
Aliko Dangote, the President and Chief Executive of Dangote Group, has clarified that his company’s 650,000 barrels per day Dangote Refinery has never accused the Nigerian National Petroleum Corporation Limited (NNPCL) of failing to supply crude oil.
Dangote issued this clarification in a statement on Thursday, addressing recent reports that claimed NNPCL provides around 60 percent of the 50 million barrels of crude lifted by the refinery.
In his statement, Dangote emphasized that the refinery’s main issue has been with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and its perceived failure to enforce the 450,000 barrels per day domestic supply obligation.
He explained that while the Dangote Refinery was built specifically to process Nigerian crude oil blends, obtaining sufficient crude has been a challenge.
Dangote noted that when the refinery approached International Oil Companies (IOCs) operating in Nigeria for crude oil, it was either redirected to third parties or informed that their cargoes were already committed elsewhere.
Despite ongoing efforts to resolve these supply issues, the refinery remains open to exploring additional opportunities to supplement its crude oil supply.
Further clarifying the situation, Dangote stated, “Our attention has been drawn to media reports suggesting that the Dangote Refinery has admitted to receiving about 60 percent of the 50 million barrels from NNPC.
To be clear, we have never accused NNPC of failing to supply us with crude oil. Our primary concern has been with NUPRC’s failure to enforce the domestic crude supply obligation, ensuring that we receive our full crude requirement from NNPC and the IOCs.”
For the month of September, the Dangote Refinery had requested 15 cargoes of crude oil, but NNPC allocated only six. Despite appeals to NUPRC, the refinery has been unable to secure the remaining cargoes.
Dangote also highlighted that when approaching IOCs in Nigeria, the refinery was often directed to their international trading arms or told that their cargoes were already committed.
Recently, President Bola Ahmed Tinubu has instructed NNPCL to sell crude oil to Dangote Refinery and other local refineries in Naira, further emphasizing the need for local refineries to receive adequate crude supplies.
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Company officials explained that the goal is to give Nigerians more freedom, fairness, and transparency. For years, people have raised concerns about airtime being deducted too quickly or without clear explanation. By introducing a minutes-based model, the new operator wants to end that problem once and for all. Subscribers can clearly see what they paid for, how much they have used, and what is left.
Victim of child abuse pleads and urges American billionaire and businessman, Elon Musk, to halt the spread of a link that showcases her abuse on the social media platform, X.
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The victim then expressed anger and disappointment that she is still reminded of her hurtful past and pleaded that Elon stop the link as he is the owner of the platform.
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