- refinery officials, speaking anonymously, said they had not been officially notified of such an arrangement
- According to them, the refinery is expecting about 6.15 million barrels of crude for May equivalent to roughly six cargoes
- They also reiterated that the 650,000-barrel-per-day facility requires nearly 20 cargoes monthly
Officials of the Dangote Petroleum Refinery have said they are not aware of claims that the Nigerian National Petroleum Company Limited allocated seven crude oil cargoes to the facility for May.
Eko Hot Blog reports that Senior sources at the refinery disclosed that although discussions with NNPC are ongoing, there has been no confirmation of any increase in supply beyond previous allocations.
EDITOR’S PICK
- G7 Meets in France Amid Middle East Tensions
- Epe in Focus: Tinubu to Announce Lagos APC Consensus Governorship Candidate Monday
- Bisola Badmus Rallies Support for Biola Bayo Following Heated Baba Ijesha Interview Backlash
Earlier reports had suggested that NNPC boosted crude deliveries to the refinery, raising its allocation from five to seven cargoes for May in a bid to enhance local fuel production.
However, refinery officials, speaking anonymously, said they had not been officially notified of such an arrangement.
According to them, the refinery is expecting about 6.15 million barrels of crude for May equivalent to roughly six cargoes, contrary to claims of seven cargoes.
They also reiterated that the 650,000-barrel-per-day facility requires nearly 20 cargoes monthly to operate at full capacity but has consistently received far less.
Data shared by the officials showed fluctuating supply levels in recent months, with allocations ranging between about 4 million and 6 million barrels.
The refinery has previously raised concerns over inadequate domestic crude supply, noting that it often depends on imported crude to sustain operations. This challenge has contributed to recent increases in petrol prices.
In response, the company explained that while it receives some crude from NNPC, the volumes fall short of its needs and are priced at international rates, including additional premiums.
Meanwhile, sources within NNPC stated that efforts are ongoing to improve supply to the refinery.
The company is reportedly leveraging its global trading network to source additional crude from third parties at competitive rates, as part of plans to support local refining and strengthen energy security.
Amid rising global oil prices linked to tensions in the Middle East, experts have advised the Federal Government to consider selling crude to the refinery at a fixed rate to help stabilise fuel prices and prevent further inflation.
FURTHER READING
