We Never Accused NNPC Ltd of Not Supplying Crude to Our Refinery- Dangote
Foremost Private refinery in SubSahara Africa, the Dangote Refinery has said that it has never accused the Nigerian National Petroleum Company Ltd of not supplying crude to it’s refinery.
The development is sequel to to media reports alleging that the Dangote Refinery has backtracked by acknowledging that NNPC supplied about 60% of the 50 million barrels we lifted.
This was contained in a statement Signed by Mr Anthony Chiejina
Group Chief, Branding and Communications Officer of the Dangote group and made available to Business Africa Digest (www.businessafricadigest.com)
“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”.
The statement further noted that the refinery 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”, the statement said.
