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Dangote Refinery has issued a statement clarifying its position on crude supply allegations, dismissing claims of backtracking on its earlier statements.
According to Anthony Chiejina, Group Chief, Branding and Communications Officer, the refinery never accused NNPC of failing to supply crude. Instead, Dangote Refinery expressed concerns over NUPRC’s reluctance to enforce domestic crude supply obligations, ensuring the refinery receives its full crude requirement from NNPC and IOCs.
For September, Dangote Refinery requires 15 cargoes, but NNPC allocated only six. Despite appeals to NUPRC, the refinery struggled to secure the remaining cargoes. IOCs in Nigeria redirected Dangote Refinery to their international trading arms or claimed committed cargoes.
Consequently, Dangote Refinery purchases Nigerian crude from international traders at an additional $3-$4 premium per barrel, translating to $3-$4 million per cargo.
The refinery urges NUPRC to enforce domestic crude supply obligations as mandated by the PIA, reiterating its inability to secure full crude requirements from domestic production.
