NNPC and Dangote Refinery Negotiations
The Nigerian National Petroleum Company Limited (NNPC) and Dangote Refinery are making progress in their negotiations on in-country fuel supply. The NNPC has requested to deploy a permanent monitoring team at the refinery, and Aliko Dangote has agreed to sell refined petrol in Nigeria’s local currency, the Naira.
- The NNPC will oversee production and buy back products in Naira, ensuring consistent crude supply and efficient processing.
- Discussions revolve around a new model for crude supply, with unresolved issues including crude pricing and exchange rates.
- Dangote Refinery can produce up to 54 million liters of refined petroleum products per day but faces challenges with local crude supplies and resistance from marketers.
