The transfer displays NNPC’s dedication to prioritising home crude provide within the coming months.
Lately, David Chicken, Chief Govt Officer of the refinery, disclosed that the power is anticipated to obtain between 13 and 15 crude cargoes month-to-month beneath the crude-for-naira programme however at the moment receives solely 5.
Talking throughout an interview on ARISE Information, Chicken mentioned: “Beneath the Contract, we ought to be getting about 13 to fifteen cargoes a month. That’s what we may course of to satisfy Nigeria’s home gas necessities.
“At the moment, we’re solely getting 5. So, that’s an underperformance in opposition to that pre-agreed quantity contract.”
He additional famous that the hole between crude buy costs and prevailing premiums represents income losses to worldwide merchants fairly than Nigeria.
“That worth between the acquisition worth and the premium we’re now seeing is cash Nigeria is leaking to the worldwide buying and selling group,” he added.
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Clarifying the controversial crude-for-naira coverage, Chicken defined that the initiative is usually misunderstood.
“Crude-for-naira isn’t there to learn Dangote Refinery. It’s meant to offer resilience to international change. It’s within the nation’s curiosity to course of home crude in native forex,” he mentioned.
Regardless of the availability constraints, he maintained that the refinery is working at full capability, supplying each home and regional markets.
In the meantime, the Group Chief Govt Officer of NNPC Restricted, Bashir Bayo Ojulari, lately led a delegation to the Dangote Refinery and Petrochemical Advanced in Ibeju-Lekki for high-level discussions geared toward strengthening collaboration.
The go to, which included a facility tour, centered on deepening operational and business ties between each organisations, with a renewed dedication to a shared imaginative and prescient for Nigeria’s vitality future.
Ojulari recommended Aliko Dangote, President of the Dangote Group, for delivering the refinery, describing it as a landmark challenge that positions Nigeria as a serious downstream hub in Africa.
He described the partnership as one that may “unlock synergies throughout property, infrastructure, capital, and markets, whereas offering visibility of all NNPC–Dangote enterprise relations.”