Dangote refinery receives fresh crude supply from NNPCL

The Federal Government has increased crude oil supply to the Dangote Petroleum Refinery to boost local refining.

This comes as the refinery reduces its loading gantry price from N825 to N815 per litre.

Experts highlight that crude oil supply to the Dangote Refinery is key to boosting local refining and increasing domestic production capacity.

An NNPCL, who pleaded anonymity, confirmed the delivery, noting that crude oil vessels had arrived at the $20 billion Lekki-based plant.

“All cargoes have been released to Dangote Refinery, and the vessels have sailed to the refinery,” the NNPCL insider familiar with the development stated in a chat.

This development follows Thursday’s meeting of the Technical Sub-Committee on the Naira-for-Crude Policy in Abuja, where members reviewed progress, addressed emerging issues, and reaffirmed their commitment to the policy’s success.

The details of reveal that NNPC presented a crude delivery report at the meeting, outlining the volume of crude allocated for domestic refining under the policy.

The NMDPRA presented a domestic production report covering the Dangote Refinery, NNPC Warri Refinery, and Port Harcourt Refinery, while the NUPRC provided an update on crude availability to ensure a steady supply for local refiners. Representatives from Dangote Refinery and NNPC Refineries also shared updates on refinery operations.

It was earlier reported that NNPC Ltd. has begun fresh negotiations with the Dangote Refinery to renew the Naira-for-Crude agreement, as the initial deal is set to expire on March 31, 2025.