The Dangote refinery says since it commenced full operations, it has processed 50 million barrels of crude — with 60 percent of its feedstock coming from the Nigerian National Petroleum Company (NNPC) Limited.

Aliyu Suleiman, the group chief strategy officer of Dangote refinery, spoke when he appeared before an ad hoc senate committee on August 7.

The committee, led by Opeyemi Bamidele, the senate majority leader, is probing the alleged importation of substandard petroleum products into the country.

In his presentation, Suleiman said while the NNPC supplied 60 percent of the total processed crude, 20 percent was imported, and 20 percent was purchased.


He commended the NNPC for making the supply to the Dangote refinery.

“About 60 percent of that came from the NNPC, and we are thankful and grateful to them for their support,” he said.

“About 20 percent of that (crude) had to be imported from outside and the other 20 percent we purchased.

“Essentially, all we are asking for, and let us be very clear, we are happy to pay fair prices.

“We are very happy with the price that they set. The price is like supermarkets and that is what we buy.

“But what we buy from others is what we think the regulator should look at and the good thing is that the regulator has published a guideline that will address some of these.

“We hope that we will work with the regulator and we will get their support so that the refinery can get 100 percent of its crude from Nigeria and buy the crude from companies that produce it in Nigeria — not from international middlemen.

“Whatever the prices, as long as it is in Nigeria, and that is the price also that the producer will pay their tax on, we’ll be happy to pay that.”

Suleiman said the country would benefit tremendously from the refinery, outlining the benefits to include foreign exchange (FX) generation and job creation.

More importantly, he said the country would benefit psychologically as Nigerians, and Africans in general, will be confident that the continent can succeed.

On June 4, Aliko Dangote, Africa’s richest person, said the NNPC has been very helpful in providing crude to the 650,000 barrels-a-day refinery.

Source: https://www.thecable.ng/60-of-our-crude-feedstock-supplied-by-nnpc-says-dangote-refinery/amp/

Na me go be first to comment on this thread.

Dangote dey whyne us before? Why was he now saying NNPC no dey supply am?

Salewa97:
↪The Dangote refinery says since it commenced full operations, it has processed 50 million barrels of crude — with 60 percent of its feedstock coming from the Nigerian National Petroleum Company (NNPC) Limited.
Aliyu Suleiman, the group chief strategy officer of Dangote refinery, spoke when he appeared before an ad hoc senate committee on August 7.
The committee, led by Opeyemi Bamidele, the senate majority leader, is probing the alleged importation of substandard petroleum products into the country.
In his presentation, Suleiman said while the NNPC supplied 60 percent of the total processed crude, 20 percent was imported, and 20 percent was purchased. He commended the NNPC for making the supply to the Dangote refinery. “About 60 percent of that came from the NNPC, and we are thankful and grateful to them for their support,” he said. “About 20 percent of that (crude) had to be imported from outside and the other 20 percent we purchased. “Essentially, all we are asking for, and let us be very clear, we are happy to pay fair prices. “We are very happy with the price that they set. The price is like supermarkets and that is what we buy. “But what we buy from others is what we think the regulator should look at and the good thing is that the regulator has published a guideline that will address some of these. “We hope that we will work with the regulator and we will get their support so that the refinery can get 100 percent of its crude from Nigeria and buy the crude from companies that produce it in Nigeria — not from international middlemen.

How can Dangote who only some weeks ago admitted that his company was not in fact at full operation— we were told it was at 45% capacity— now declare that his company has begun full operations?

Kobojunkieee:
How can Dangote who only some weeks ago admitted that his company was not in fact at full operation— we were told it was at 45% capacity— now declare that his company has begun full operations?

That matter is the more you look the less you see. The guy was speaking on video yesterday at the adhoc committee hearing.

Probably Dangote don carry everyone handicap.

Personally, I have a thing or two against crying capitalists and politicians. I just know they are lying and pulling victim card. Most of the time, they are.

These includes Dangote o, A-thief-ku, Agulu Pandora bottom man, Dinosaur Malawi and others of such

Can we now have cheap fuel? Enough of all these criminality against the Nigerian people

I couldn't have trust this news if not from rhe cable.
Please install your cctv and inverter now
0.7.0.66.seven.44.3.1.8

This is a major step forward for Nigeria! The partnership between Dangote Refinery and NNPC is a win-win for our economy. With the refinery operating at full capacity, we can look forward to job creation and reduced reliance on imports. Kudos to everyone involved in this monumental achievement!

Oya na produce even if it 5 litres let's see small fuel first

Dangote is not honest


He believes he can dictate for NNPCL

So all is allegations against NNPCL are not true

When will he produce petrol?

Na so e be! Collaboration dey bring better results.

With NNPC and Dangote refinery working hand in hand, we dey see brighter future for our oil sector. E go boost local production and create more jobs for our people. Make we keep supporting this partnership, e go benefit us all in the long run.