NNPCL Signs Agreement to sell crude oil to Dangote Refinery in Naira
By Reporter 3
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Nigerian National Petroleum Company Limited (NNPCL) has signed an agreement to sell crude oil to Dangote Petroleum Refinery in Naira. NMDPRA made this disclosure on Tuesday, September 3, 2024, via its X handle, @NMDPRA_Official.
According to NMDPRA, the NNPCL reached an agreement to begin crude oil sales and supply to Dangote Refinery in local currency.
The agency also said the refinery was determined to supply an initial 25 million liters 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 liters per day in October.
“The refinery is now poised to supply an initial 25 million liters of PMS into the domestic market this September. And will subsequently increase this amount to 30 million liters daily from October 2024,” it said.
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