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Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC (13299 Views)

Dangote Refinery To Reach 650,000 Bpd Production Capacity By End Of 2024 / President Buhari Receives Briefing From NNPC CEO On OIL And Gas (Photos) / NNPC: Refineries Gulped ₦81.41 Billion, Refined Zero Crude For 8 Months (2) (3) (4)

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Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by divinehand2003(m): 6:51am On Aug 31, 2022
The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years.

The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, disclosed this to journalists when he appeared at the 49th Session of the State House Ministerial Briefing organised by the Presidential Communications Team, at the Presidential Villa, Abuja.

A supply of 300,000 per day in 20 years brings the total supply to 2.1 trillion by the NNPC.

According to him, the corporation had succeeded in locking down the huge supply as part of the Federal Government’s means of guaranteeing sufficient petroleum products supply for Nigeria.

“We have secured the right to sell up to 300,000 barrels of crude oil to the Dangote refinery for the next 20 years. Not only that, by right, we also have access to 20 per cent production from that plant,” he said.


https://punchng.com/dangote-refinery-gets-300000-barrels-day-from-nnpc/

11 Likes 2 Shares

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by obigalanti: 6:51am On Aug 31, 2022
Wow

1 Like

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by divinehand2003(m): 6:54am On Aug 31, 2022
Anything NNPC reeks of corruption and inefficiency. Hope Dangote refinery won't suffer from dealing with NNPC in the future?

48 Likes 2 Shares

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Viz007(m): 6:57am On Aug 31, 2022
NNPC and mismanagement na 5 and 6. I can bet that NNPC won't be able to deliver on this.

13 Likes

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by inoki247: 6:58am On Aug 31, 2022
so you go colet the 20years payment down now nd spend it before the supply commence undecided undecided undecided

23 Likes

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Loldorable: 6:59am On Aug 31, 2022
Pls I need an urgent loan of 100k to support my agro business and I will pay back with interest, pls check My profile for contact details

2 Likes

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Rapuru14: 6:59am On Aug 31, 2022
Let Dangote source crude from the discovered oyel in Borno cool

23 Likes

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Igboslayer: 6:59am On Aug 31, 2022
And they are gladly annoucing this shameful deal. What stopped them from processing 1 million barrel per day themselves to flood the African Market with much needed finished petroleum products starting from the West Africa coast and earn more foreign exchange and make Nigeria prosper...this mentality of selling crude oil should be discouraged, Nigeria must start producing at all cost. All what they pay on subsidy in six months will build a very good refinery.

44 Likes 2 Shares

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by fasho01(m): 7:00am On Aug 31, 2022
Al least it'll make funds circulate within the country
Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by kellyjc(m): 7:00am On Aug 31, 2022
I hope they won't sell with the current price for the next 20years. Dangote has hugely benefitted from monopoly in Nigeria. Don't be surprised that Buhari will finish that money in ruga before he leaves office.

12 Likes 1 Share

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by ZUBY77(m): 7:00am On Aug 31, 2022
Not a bad news from the paras
Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Marvieduke(f): 7:00am On Aug 31, 2022
When the management of the company is good then you can expect progress.
Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Lovenorth: 7:00am On Aug 31, 2022
May God bless the federal republic of Nigeria

5 Likes

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Yankiss(m): 7:00am On Aug 31, 2022
I hope Dangote will not overprice the PMS and AGO like cement? I hope NNPC would deliver on their side of the bargain? I dont really see any big change. Monopoly means that Dangote is at ease to fix prices as pleases him.

12 Likes 6 Shares

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Nonexisting1: 7:01am On Aug 31, 2022
Buy or receive?

16 Likes

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by dalongjnr: 7:03am On Aug 31, 2022
OK.
Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Pwettylinda(f): 7:04am On Aug 31, 2022
Hahaha Northerners grin

2 Likes

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Gentino(m): 7:04am On Aug 31, 2022
I don't know if I should consider this news as a cheering one or otherwise. However, it will still serve as a conduit pipe to siphon and sabotage the national treasury

2 Likes

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Godoverevery: 7:04am On Aug 31, 2022
Children of hate will still complain about this.

Any good news is neither bad or fake to them.

Foolish people who feel only one man out of 200 million people can fix nigeria and nobody else.......61yr old man is a youth to them....the most annoying thing is the boldness of saying if PO should lose nigeria will suffer that always irritate me.

The statue they knee down to every Sunday has told them PO is the messiah not cownu anymore....lol

This same rubbish they did with cownu in there region and we are seeing the result ....now they want to try with the whole country.

We will be patiently waiting at the polls.....shebi all Nigerians want PO according to you dumb heads....you will be more shock that day than when you all saw your messiah cownu in chains.

17 Likes 1 Share

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Jlow2: 7:05am On Aug 31, 2022
If it does not translate positively to the masses its rubbish and garbage
Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by Biodun556(m): 7:05am On Aug 31, 2022
Below is a list of private companies with a licence to operate a refinery:

S/NO NAME LOCATION STATE
1 Waltersmith Refining & Petrochemical Company Limited Ibigwe Imo
2 OPAC Refineries Umuseti, Kwale Delta
3 Niger Delta Petroleum Resources (Train 3) Ogbele Rivers
4 Dangote Oil Refinery Company Lekki Free Trade Zone Lagos
5 Edo Refinery and Petrochemical Company limited Ikpoba-Okha L.G.A. Edo
6 Lowrie Refinery Limited Ika North LGA Delta
7 Excel Refinery Limited Peretorugbene Community,
Ekeremor L.G.

ABayelsa
8 Conodit Refinery Nigeria Limited Umukwata Delta
9 Duport Midstream Egbokor, Orhionmwon L.G.A. Edo
10 Clairgold Oil & Gas Engineering Limited Koko Delta
11 Ogini Refinery Limited Ogini, Kwale Delta
12 Etopo Energy Plc Burutu Delta
13 Gasoline Associates International Limited Ipokia Ogun
14 NPDC/ND WESTERN OML 34 JV OML 34 field,
Ughelli East,

Ughelli North LGA

Delta
15 Frao Oil Nigeria Limited Uzere Delta
16 Kingdom Global Trading Petroleum & Gas Nig.
Ltd.

Okwagbe, Ughelli
south L.G.A

Delta
17 Resource Petroleum & Petrochemicals International
Advertisement
Ad
Incorporated

Ibeno Akwa Ibom

Only dangote and about 5 others are able to build refineries

Dangote is God's sent and must be appreciated

7 Likes 1 Share

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by limeta(f): 7:05am On Aug 31, 2022
Here comes the fulani fraud
No wonder tompolo is been bribed as pipes line gate man .
Get tompolo out the way and the region is defeated.
Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by tishbite42: 7:07am On Aug 31, 2022
Fulani ti takeover
Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by blackpanda: 7:07am On Aug 31, 2022
Wow nice

Haters will soon come here to complain
Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by blackpanda: 7:08am On Aug 31, 2022
tishbite42:
Fulani ti takeover

Complainant general of the federation

1 Like

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by blackpanda: 7:08am On Aug 31, 2022
limeta:
Here comes the fulani fraud
No wonder tompolo is been bribed as pipes line gate man .

And what is the fraud there

1 Like

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by blackpanda: 7:09am On Aug 31, 2022
Jlow2:
If it does not translate positively to the masses its rubbish and garbage

Is Dangote a govt agency Abi u vote am for office ni

1 Like

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by blackpanda: 7:09am On Aug 31, 2022
Viz007:
NNPC and mismanagement na 5 and 6. I can bet that NNPC won't be able to deliver on this.

Stop blabbing trash

1 Like

Re: Dangote Refinery Agrees To Buy 300,000 BPD Of Crude For 20 Years From NNPC by blackpanda: 7:10am On Aug 31, 2022
divinehand2003:
Anything NNPC reeks of corruption and inefficiency. Hope Dangote refinery won't suffer from dealing with NNPC in the future?

Must u always be so negative

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