The Nigerian National Petroleum Company, NNPC Limited, says it has ongoing discussions with Dangote Refinery towards emplacing a new contract.
Chief Corporate Communications Officer of NNPC Ltd, Olufemi Soneye, who disclosed this in a statement on Monday, said the contract for the sale of crude oil in Naira was structured as a six-month agreement, subject to availability, and expires at the end of March 2025.
Soneye was responding to recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC and Dangote Refinery.