TUE SEPT 30 2025-theGBJournal| Dangote Petroleum Refinery has inked a fresh two-year crude supply agreement with the Nigerian National Petroleum Company Limited, Punch reports.
The PUNCH gathered that the deal signed last month would ensure the steady supply of crude to the 650,000-barrel-per-day refinery located in Lekki, Lagos. It was further gathered that the deal is in line with the Federal Government’s determination to supply more crude to the facility, especially in naira.
According to Punch report, about 82 million barrels of crude have been allocated to the refinery from October 2024 to date. Out of the 82 million barrels, 60 per cent, being 49.3 million barrels, was sold in naira to the refinery, according to details obtained from NNPC on Monday.
Recall that the Dangote refinery recently announced stopping petrol sales in naira, citing the exhaustion of its crude-for-naira allocation as the reason. But hours later, the Naira-for-Crude Technical Committee Chairman intervened, and the company announced the resumption of PMS sales in naira.
Speaking with Punch, the Chief Corporate Communications Officer of NNPC, Andy Odeh, said the company had continued to allocate crude to the refinery in naira.
According to Odeh, NNPC, Dangote refinery, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority periodically reconcile the volume and cost of crude oil supplied in naira commensurate with the crude delivered.
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