Dangote Clarifies its Stand on Crude Supply to its Refinery
The dangote refinery has came out to clarified statement claiming to have acknowledged NNPC 50 million barrels supply. In a statement made available newsmediang by Anthony Chiejina
Group Chief, Branding & Communications Officer of dangote group,
The statement stated that dangote refinery did not accused NNPC of not supplying crude oil to it refinery, but it concerned based on the NUPRC inability to enforce domestic crude supply responsibility by ensuring that the refinery gets its full crude oil requirement needed from NNPC and the IOCs. The statement further stated that, For September, our requirement is 15 cargoes, of which NNPC allocated six. Despite appealing to NUPRC.
The statement in full:
“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.”
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