NNPC REACH ACCORD WITH DANGOTE REFINERY TO SELL CRUDE OIL IN NAIRA

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NNPC REACH ACCORD WITH DANGOTE REFINERY TO SELL CRUDE OIL IN NAIRA

The Nigerian National Petroleum Company Limited, NNPCL, has reached an agreement to sell crude oil to Dangote Petroleum Refinery in Naira.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, made this confirmation on Tuesday via its X handle, @NMDPRA_Official.

According to NMDPRA, the NNPCL reached an agreement to commence crude oil sale and supply to Dangote Refinery in local currency.

The agency also said the refinery was determined to supply an initial 25 million litres per day of the Premium Motor Spirit (PMS) into the domestic market in September 2024, adding that the refinery will increase the volume to 30 million litres per day in October.

“The refinery is now poised to supply an initial 25 million litres of PMS into the domestic market this September. And will subsequently increase this amount to 30 million liters daily from October 2024,” it said.

  • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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