NNPC to supply Dangote refinery crude oil for 20 years 

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The Nigeria National Petroleum Corporation (NNPC), Limited has signed an agreement to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years.

The Group Chief Executive Officer CEO, of the Nigerian National Petroleum Company Limited, Mele Kyari, made this known to journalists on Tuesday, in Abuja.

The CEO who spoke at the 49th Session of the State House Ministerial Briefing organised by the Presidential Communications Team, at the Presidential Villa in Abuja, said a supply of 300,000 per day in 20 years will bring the total supply to 2.1 trillion.

He said, We have secured the right to sell up to 300,000 barrels of crude oil to the Dangote refinery for the next 20 years. Not only that, by right, we also have access to 20 per cent production from that plant.

Citing that because of Nigeria’s population the volume of petrol required in the country has increased.

The NNPC boss said, “the Dangote Refinery will begin producing by the middle of next year and it can produce up to 50 million litres of petrol.

“The combination of that and our ability to bring back our refinery will eliminate any importation of petroleum products into this country next year. You would not see any importation into this country next year.

“This is very practical. When we are done with our refineries and the Dangote refinery, there remain other small initiatives that we are doing, small modular condensate refineries that we are building. If that happens and we are very optimistic it will happen, you would see that this country will now be a net exporter.

He alleged that stolen crude oil products were now stored in places of worship such as churches and mosques.

Kyari also noted that various law enforcement agencies had arrested 122 persons involved in pipeline vandalism and oil theft from April to August of 2022.”

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Queen Ferry
Queen Ferry
Chinyere Treasure Ikechukwu also known as Queen Ferry, is a Nigerian business Executive, social media savvy Journalist and Content Editor with over seven years experience. She serves as the Vice-Chairman of Naijatraffic Limited. If Treasure is not researching/blogging, she will be making delicious delicacy.

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