DANGOTE
PRESS STATEMENT

CLARIFICATION ON CRUDE SUPPLY

Our attention has been drawn to media reports alleging that the Dangote Refinery has backtracked by acknowledging that NNPC supplied about 60% of the 50 million barrels we lifted.

To clarify, we have never accused NNPC of not supplying us with crude. Our concern has always been that NUPRC is pushing but IOCs are not following the instructions to enforce the domestic crude supply obligation and ensure that we receive our full crude requirement from NNPC and the IOCs.

For September, our requirement is 15 cargoes, of which NNPC allocated six. Despite appealing to NUPRC and their intervention, we've been unable to secure the remaining cargoes. When we approached IOCs producing in Nigeria, they redirected us to their international trading arms or responded that their cargoes were committed.

Consequently, we often purchase the same Nigerian crude from international traders at an additional $3-$4 premium per barrel which translates to $3-$4 million per cargo. We, therefore still insist that we are unable to secure our full crude requirement from domestic production and urge NUPRC to fully enforce the domestic crude supply obligation as mandated by the PIA. It is a law and they just need to comply.

Anthony Chiejina, Group Chief, Branding and Communications Officer.

treesun:
Dangote: Clarification on Crude Supply



https://x.com/DangoteGroup/status/1821869924110803384

SocialJustice:
Dangote should have just gathered $5bn extra to buy OMLs. All his businesses produce from assets they own, they don't buy raw materials from anybody. There is even a fertiliser company that bought OML just to secure gas supply for their factory.

If this refinery was in Nigeria delta, Dangote will simply site the refinery on his OML. Even greenville lng has their own OML.

Ever before building this refinery, Dangote should have been buying OMLs.

SocialJustice:
Dangote should have just gathered $5bn extra to buy OMLs. All his businesses produce from assets they own, they don't buy raw materials from anybody. There is even a fertiliser company that bought OML just to secure gas supply for their factory.

If this refinery was in Niger delta, Dangote will simply site the refinery on his OML. Even greenville lng has their own OML.

Ever before building this refinery, Dangote should have been buying OMLs.

SocialJustice:
Dangote should have just gathered $5bn extra to buy OMLs. All his businesses produce from assets they own, they don't buy raw materials from anybody. There is even a fertiliser company that bought OML just to secure gas supply for their factory.

If this refinery was in Niger delta, Dangote will simply site the refinery on his OML. Even greenville lng has their own OML.

Ever before building this refinery, Dangote should have been buying OMLs.

SmallmebigGod:
Why will a law mandate a country to sell her resources to a private establishment and meet allnthe demand of such private establishment.

Obviously something is wrong somewhere.

In Nigeria need to stop selling crude to international market to meet Dangote's refineries demand because "it is a law"

DaddyCoool:
It was all a set up

DevilsEqual:
Tinubu has a lot of work to do

How could NUPRC be pushing that hard and the IOC still dont wanna do the needful?

Is the IOC not answerable to any higher body?

cant NUPRC report the IOC to a higher body?

It seems there are too many loopholes in that ministry and FG might prolly have to overhaul the entire ministry to fight the corruption

6 of 15 isnt 60% by the way

trutharena:
Na wah, some people just like to create confusion where there’s none. Dangote always gets things done, and this clarification is just another step to keep the naysayers quiet. Progress must continue, no matter the noise!

4words:



See them, this are the country saboteurs.

Have you asked western countries like USA why they won't allow some China products into their country or why China had to ban iphone for Huawei

Or you don't know what they call local content first?

Ignorant lots.