NNPCL to Supply 17.8 Million Barrels of Crude Oil to Dangote Refinery
The Nigeria National Petroleum Company Limited (NNPCL) has announced plans to supply 17.8 million barrels of crude oil to Dangote Refinery between September and November. This move is part of the Federal Government's efforts to drive local production of petroleum products.
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| Dangote & NNPC MD |
According to NNPCL Vice President, Downstream, Mr. Adedapo Segun, the supply will include 6.8 million barrels in 7 cargoes of crude oil in September and an additional 11 million barrels in November. This brings the total crude oil supply to Dangote Refinery to 30 million barrels, enabling the refinery to commence operations.
The statement also clarified that Dangote Refinery will sell its petrol to independent marketers who meet stipulated conditions, in addition to NNPCL. This move is expected to increase the availability of petroleum products in the country and reduce reliance on imports.
This development is a significant step towards achieving self-sufficiency in petroleum production and reducing the country's dependence on imported fuel.
