NewStats: 3,262,337 , 8,176,861 topics. Date: Sunday, 01 June 2025 at 08:36 PM 6e38v

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 g 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

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

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

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

Oga ooooooo...same story every day.

Another audio allocation . City boy on this again

Chai..






Let's see how it goes!!

Dey play 🌝🌝🌝🌝🌝

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

Sad news

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

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 get well soon.

Wittyness.

Just dey play.... Scammers everywhere

Okay

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

"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

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

What about the modular refineries?

Noted.

Believe this nonsense at your own risk.

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.

Good.

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 🥺

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

The math is not mathing...how do they go from 300,000 to 6 million?

Ok

Good move!

Commendable!

We thank God