Dangote Refinery has insisted that it is unable to secure its full crude requirement from domestic production.
It therefore urged NUPRC to fully enforce the domestic crude supply obligation as mandated by the PIA.
A statement by Anthony Chiejina, Group Chief, Branding and Communications Officer of Dangote Refinery, said that it has never accused NNPC of not supplying the refinery with crude.
The company stated these while responding to media reports alleging that the Dangote Refinery has backtracked by acknowledging that NNPC supplied about 60% of the 50 million barrels it lifted.
According to Chiejina; “Our concern has always been NUPRC’s reluctance to enforce the domestic crude supply obligation and ensure that we receive our full crude requirement from NNPC and the IOCs.
“For September, our requirement is 15 cargoes, of which NNPC allocated six. Despite appealing to NUPRC, we’ve been unable to secure the remaining cargoes.
“When we approached IOCs producing in Nigeria, they redirected us to their international trading arms or responded that their cargoes were committed.
“Consequently, we often purchase the same Nigerian crude from international traders at an additional $3-$4 premium per barrel which translates to $3-$4 million per cargo,” he said.
