NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe - Politics

NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe (12531 Views)

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NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by dre11(op): 2:02pm On Nov 03, 2023

The Nigerian National Petroleum Company (NNPC) Limited is expected to allocate six million barrels of crude oil to Dangote Refinery in December 2023, TheCable understands.

Sources in the know informed TheCable that the move by the national company is pivotal towards boosting domestic refining and attaining energy security in the country.

The development comes as plans are being concluded for the signing of a sales and purchase agreement (SPA) between the national oil company and the refinery.

The formalisation of the agreement is scheduled to take place in the coming weeks.

Insiders close to both parties told TheCable that the deal is purely on a commercial basis and without any recourse to discount, or selling at rock-bottom prices.

Section 109 of the Petroleum Industry Act (PIA) 2021 stipulates domestic crude oil supply obligation to refineries, including the Dangote Refinery, as well as NNPC refineries in Port Harcourt, Warri and Kaduna.

The section also provides that the supply of crude oil to the domestic market shall be on a willing buyer and willing supplier basis.

In August 2021, the national oil company acquired a 20 percent minority equity stake in the Dangote Refinery.

The 650,000 bpd capacity refinery was inaugurated by former President Muhammadu Buhari in May 2023.

Shortly before the inauguration of the refinery, the NNPC announced that it would supply 300,000 barrels of crude oil to the facility.

But in September, Devakumar Edwin, executive director of Dangote Group, said the national oil company would not be able to supply the refinery until November.

https://www.thecable.ng/sources-nnpc-to-allocate-6m-barrels-of-crude-oil-to-dangote-refinery-by-december/amp

12 Likes 2 Shares

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by jmoore(m): 2:21pm On Nov 03, 2023

November is here and Dangote refinery has not produced a drop of petrol.
APC rush commission am.

55 Likes 3 Shares

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by gabbytabby: 3:12pm On Nov 03, 2023

Dre11 to what end Okoro propaganda machine

dre11:
https://www.thecable.ng/sources-nnpc-to-allocate-6m-barrels-of-crude-oil-to-dangote-refinery-by-december/amp

Nlfpmod

2 Likes 1 Share

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by babaRUNtinz(m): 4:23pm On Nov 03, 2023

Is that so? I no too understand this country again sef... Survival of the fittest

2 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by Epistasis(m): 4:23pm On Nov 03, 2023

Oga ooooooo...same story every day.

1 Like 1 Share

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by Fatbam005: 4:23pm On Nov 03, 2023

Another audio allocation . City boy on this again

8 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by STEWpid(f): 4:24pm On Nov 03, 2023

Chai..

Let's see how it goes!!

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by TruthsFM: 4:24pm On Nov 03, 2023

Dey play 🌝🌝🌝🌝🌝

19 Likes 2 Shares

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by 9jvirgin(m): 4:24pm On Nov 03, 2023

Whoever is supporting APC should think of their children and their future. Why would you want to ruin the lives of these innocent children?

15 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by PDPdestroyer(m): 4:24pm On Nov 03, 2023

Sad news

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by Judolisco(m): 4:25pm On Nov 03, 2023

Make dem no tell us.... Do whatever u want

5 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by wittywriter: 4:25pm On Nov 03, 2023*

December?

Zhunnurayn:
For the sake of God stop typing this wittyness up and down on every thread it's stale and annoying.. sometimes you turn me off the thread
Stop constituting nuisance

Zhunnurayn:
Then let it remain on your signature, I'm not the first, nairalanders have been complaining against this stale nuisance.. please stop it

Lolz how can a signature of someone online be your turn off undecided

get well soon.

Wittyness.

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by curlarpy: 4:28pm On Nov 03, 2023

Just dey play.... Scammers everywhere

2 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by Skillsnigeria: 4:28pm On Nov 03, 2023

Okay

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by Eddy017: 4:29pm On Nov 03, 2023

Lie from the pit of hell

dre11:
https://www.thecable.ng/sources-nnpc-to-allocate-6m-barrels-of-crude-oil-to-dangote-refinery-by-december/amp

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by DeathToRiggers(f): 4:29pm On Nov 03, 2023

"A referee cannot be allowed to set the rules for the game only to change or ignore them when one side has scored a goal or is about to win the match" - Atiku Abubakar

4 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by marlow1962(m): 4:29pm On Nov 03, 2023

Epistasis:
Oga ooooooo...same story every day.

There's always some foools to deceive.
Niccolo Machiavelli said "he who seek to deceive, will definitely find who to deceive"

Apc and other evil politicians have found bunch of fools to deceive.
It's barely a year and petrol is 700, I wonder who much buy next year.

Same petrol I bought for 65 naira, chia

4 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by Ikaeniyan0: 4:30pm On Nov 03, 2023

What about the modular refineries?

3 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by bigdammyj: 4:30pm On Nov 03, 2023

Noted.

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by Gbadugbakun(m): 4:30pm On Nov 03, 2023

Believe this nonsense at your own risk.

3 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by FitCorper: 4:30pm On Nov 03, 2023

I love Nigeria. God bless Nigeria. Now Tinubu has succeeded in forcing Dangote to play by the rule. Greedy Dangote. He would have had to source his crude elsewhere if he had insisted in selling petrol in dollar. Now make everybody know where they belong. God please help Jagaban to get it right. God bless Nigeria.

6 Likes 2 Shares

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by Roboto11: 4:31pm On Nov 03, 2023

Good.

2 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by Enes22(m): 4:31pm On Nov 03, 2023

Same old stories🥺, You guys should just do what you like, your talk no longer hold water

Nigerians are tired of hearing all these beautiful lies, Stop the talk and give us results 🥺

4 Likes

Re: NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In Decembe by Menclothing: 4:31pm On Nov 03, 2023

Lies sell petrol 1st same dangote told us he bought foreign crude last month he never sell petrol
Os the nation curse no private and government own is working

3 Likes