In Compliance with Petroleum Act, NNPC Agrees to Supply Dangote Refinery Six Million Barrels Of Crude in December

The Nigerian National Petroleum Company Limited (NNPC) will supply the new 650,000 barrel-per-day Dangote oil refinery with up to six million barrels of crude oil in December, to be used in test runs, three industry sources with knowledge of the matter, have told Reuters.

There have been some concerns in recent times, about the capacity of the crude oil producers to supply the refinery the needed feedstock.

On Wednesday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) summoned the producers to sensitise them on the need to comply with their domestic supply obligations to local refineries in line with the Petroleum Industry Act (PIA).

The refinery began the commissioning process in May this year after running years behind schedule at a cost of $19 billion, above initial estimates of $12-14 billion.

 

Go to Source Link

leave a comment