₦airaland Forum

The Federal Government may cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation of 300,000 barrels per day, except if there is a surge in Nigeria’s oil output, The PUNCH gathered on Wednesday.

This reduction is expected to take place as part of adjustments under the government’s naira-for-crude initiative following the coming onstream of the Warri and Port Harcourt refineries.


Both refineries currently operate at a combined capacity of about 135,000 barrels per day. The plants, managed by the Nigerian National Petroleum Company Limited, commenced operations recently after years of neglect by successive governments, preferring fuel imports.

It was gathered that the planned reduction of crude to the Dangote refinery was also predicated on the necessity to ensure a sufficient supply of crude to all refineries.


This is aimed at boosting competition in the downstream sector, with the government facilitating this through the naira-for-crude initiative. Before the initiative, the government used to allocate about 445,000 barrels per day of crude to domestic refineries operated by NNPCL.

fuckJones:
very good, competition is good, after oil and gas, let the government turn it attention in cement production too,

fuckJones:
very good, competition is good, after oil and gas, let the government turn it attention in cement production too,

Fiscus105:
The aspects you don't know are far far far, more than the one you know. It would take a whole year of explanations for you to get to latest happenings in Nigeria governance, provided you ready to learn.


* Many of those crude oil you mentioned are already, sold out as a debt during Buhari, and it's a must for Tinubu to obey agreement.

*If Govt sells everything in Naira, where would Nigeria gets enough dollars to fund his projects that need dollars to fund.

HawkTuahGirl:
The main reason for resurrecting the dead refineries.

By law the must supply local refineries first before exporting. The game is deeper than you can think of.

fuckJones:
very good, competition is good, after oil and gas, let the government turn it attention in cement production too,

RealLordZeus:
The more you look, the less you see. For a country with average of 1.5m barrel per day crude production and still struggling to feed 650,000 bpd refinery and others that their total feed requirement not up to 400k bpd...
and yet they are still mortgaging future crude production in the cannibalistic crude for loan deals

fuckJones:
very good, competition is good, after oil and gas, let the government turn it attention in cement production too,

fuckJones:
very good, competition is good, after oil and gas, let the government turn it attention in cement production too,

HawkTuahGirl:
The main reason for resurrecting the dead refineries.

By law the must supply local refineries first before exporting. The game is deeper than you can think of.

Ihenzy:
Do we have crises in Cement production?
There are players there already. You just have an unnecessary hate and you're a lady. I pity for your in-laws.