Tuesday, September 3, 2024 - The Nigerian National Petroleum Company Limited, NNPCL, has reached an agreement to sell crude oil to Dangote Petroleum Refinery in Naira.
The Nigerian Midstream and Downstream
Petroleum Regulatory Authority, NMDPRA, made this confirmation on Tuesday via
its X handle, @NMDPRA_Official.
According to NMDPRA, the NNPCL reached an
agreement to commence crude oil sale and supply to Dangote Refinery in local
currency.
The agency also said the refinery was
determined to supply an initial 25 million litres 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 litres per day in October.
“The refinery is now poised to supply an
initial 25 million litres 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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