ASHENEWS reports that the Dangote Refinery has insisted that its required full crude supply from domestic production has not been met by the Nigerian National Petroleum Company Limited (NNPCL).
A statement by the Group Chief of Branding and Communications Officer, Anthony Chiejina, emailed to this platform on Thursday night, faulted the media reports that Dangote Refinery has acknowledged that it received a supply of about 60% of the 50 million barrels from the NNPC.
The statement urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to fully enforce the domestic crude supply obligation as mandated by the PIA.
Read the statement below:
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Our attention has been drawn to media reports alleging that the Dangote Refinery has backtracked by acknowledging that NNPC supplied about 60% of the 50 million barrels we lifted.
To clarify, we have 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.
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
We therefore still insist that we are unable to secure our full crude requirement from domestic production and urge NUPRC to fully enforce the domestic crude supply obligation as mandated by the PIA.
