NNPCL begins oil supply to Dangote Refinery next week

The Nigerian National Petroleum Company Limited will soon commence supply of 300,000 barrels of crude oil per day to the Dangote Refinery as it commences work next week.

Group Chief Executive Officer, NNPCL, Mele Kyari, made this announcement on Thursday.

Kyari, who disclosed this at the ongoing 4th Nigerian Oil and Gas Opportunity Fair in Yenagoa, Bayelsa State, also urged all stakeholders to join the national oil company in growing crude oil and gas production in Nigeria.

He said the NNPCL, which had a 20 percent stake in the refinery, was ready to meet its crude supply obligations to the facility, stressing that with the coming onstream of the refinery next week, the national oil company “will be supplying 300,000 barrels of crude oil per day to Dangote.”

He was quoted in a statement as saying, “We want to address the energy challenges so that industrialisation can come to the country. 48 percent of all revenue that comes to the government comes from the oil and gas sector and we are in a very good position to support the growth of the economy.”

Early this month, it was reported that the Dangote Refinery, established by Africa’s richest man, Aliko Dangote, is scheduled to be inaugurated on May 22.

A presidential aide, Bashir Ahmad, had tweeted that the inauguration would be done by the President Muhammadu Buhari.

“Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in the importation of petroleum products have received a boost as the 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22nd, 2023, by President Muhammadu Buhari,” Ahmad announced.

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