WRITTEN BY: Chioma Madonna Ndukwu
The Dangote Petroleum Refinery has raised concerns over the Nigerian National Petroleum Corporation Limited’s (NNPCL) failure to meet crude oil supply commitments under the naira-for-crude initiative. Despite an agreement to provide 385,000 barrels per day, NNPCL has not delivered consistently, leading to operational challenges.
Vice President Devakumar Edwin called the supplies “peanuts” and warned that the refinery might seek international crude sources to maintain production. This shortfall is impacting the refinery’s ability to reach its full potential, which requires 650,000 barrels per day.
The ongoing supply issues underscore the challenges facing Nigeria’s domestic refining capacity, even as global markets remain crucial for meeting demand.
