The Nigerian National Petroleum Company Limited has signed another two-year crude supply agreement with the Dangote Petroleum Refinery. The PUNCH gathered that the deal signed last month would ensure the steady supply of crude to the 650,000-barrel-per-day refinery located in Lekki, Lagos.
It was futrher gathered that the deal is in line with the Federal Government’s determination to supply more crude to the facility, especially in naira. It was gathered that about 82 million barrels of crude have been allocated to the refinery from October 2024 to date.
Out of the 82 million barrels, 60 per cent, being 49.3 million barrels, was sold in naira to the refinery, according to details obtained from NNPC on Monday.
Recall that the Dangote refinery recently announced stopping petrol sales in naira, citing the exhaustion of its crude-for-naira allocation as the reason. But hours later, the Naira-for-Crude Technical Committee Chairman intervened, and the company announced the resumption of PMS sales in naira.