NNPC demands deployment of its crude monitoring team to Dangote refinery
Indications emerged on Thursday, September 13, that the Nigerian National Petroleum Company Limited (NNPCL) and the leadership of the Dangote Refinery may be making progress in their three-week negotiations on in-country fuel supply, with the national oil company now requesting to deploy its permanent monitoring team at the facility as part of the deal between the two entities.
Also, it was learnt that the President of Dangote Group, Aliko Dangote, has now accepted to sell the refined petrol from his 650,000 barrels per day refinery in Nigeria’s local currency, the Naira, as part of the agreements reached with the NNPC.
Vice President, Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this during an X Space event hosted by ‘Nairametrics’.
Edwin, at the session, discussed the progress made by the refinery in the production of Premium Motor Spirit (PMS) commonly known as petrol, stressing that the NNPC had informed the management of Dangote Group of its intention to station a team of six to 10 people permanently at the $20 billion refinery.
Edwin said NNPC told the management of the refinery that the team would be overseeing the production and buying back the products in Naira since the national oil company would be supplying the crude.
He added that the request aligns with the NNPC’s aim to closely monitor the entire process, ensuring consistent crude supply and efficient processing while securing a steady flow of PMS for the country.
“NNPC has informed us that they intend to station a team of six to 10 people permanently at our refinery. They’ve asked us to provide office space for them since they will be supplying the crude, overseeing the production, and buying back the products in Naira.
