Insists on NUPRC enforcing PIA Domestic Obligations
The Management of Dangote Refinery has clarified its stand on crude supply to its Refinery, stating there was never a time they denied receiving crude supply from NNPC Ltd.
This clarification arose in response to alleged media reports that indicate the Dangote Refinery had backtracked on its earlier positions by acknowledging that NNPC supplied about 60% of the 50 million barrels the Refinery lifts.
In a statement released this morning, Friday August 9, and signed by the Group Branding and Communications Officer, Anthony Chiejina, Dangote noted;
“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”, concluded the statement.
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