Dangote Refinery has said it was yet to receive the 29 million barrels of crude oil the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it allocated to the refinery.
Dangote Refinery said it wants Nigerian refineries to be able to buy crude directly from the companies that produce as specified in the Petroleum Industry Act.
In a statement on Friday, Group Chief, Branding and Communications Officer of Dangote Refinery Anthony Chiejina accused NUPRC of being unable to enforce domestic crude supply obligations to Nigeria refineries as specified in the PIA Act.
It read: “We are in receipt of NUPRC’s statement that they have facilitated the allocation of 29 million barrels of crude oil to the Dangote Petroleum Refinery and Petrochemicals.
“We would like to thank them for this allocation but at the same time let them know that we are yet to receive these cargoes. Aside from the term supply we bilaterally negotiated with NNPC, so far NUPRC has only facilitated the purchase of one crude cargo from a domestic producer. The rest of the cargoes we have processed were purchased from international traders.
“All we are asking for is for refineries in Nigeria to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen. This is specified in the PIA.
“Unfortunately, the NUPRC has effectively admitted in their statement, that they will be unable to enforce the domestic crude supply obligation as specified in the PIA citing ‘sanctity of contracts’ as an excuse.“
The post Crude Oil Saga: We Haven’t Received 29 Million Barrels – Dangote Refinery Replies NUPRC appeared first on Naija News.