• Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Tuesday, June 3, 2025
  • Login
  • Register
9Ja Spectators
  • Home
  • Politics
  • Business
  • Education
  • Entertainment
  • Life
  • Tech
  • World News
No Result
View All Result
9Ja Spectators
  • Home
  • Politics
  • Business
  • Education
  • Entertainment
  • Life
  • Tech
  • World News
No Result
View All Result
9Ja Spectators
No Result
View All Result
Home News

Petrol from Dangote Refinery Ready for Supply – Company

Reporter by Reporter
in News
Reading Time: 2 mins read
A A
0
Petrol from Dangote Refinery Ready for Supply – Company
152
SHARES
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

The Dangote Petroleum Refinery has announced that it is now ready to supply Premium Motor Spirit (PMS), commonly referred to as petrol, following a successful product test run. According to reports from The Punch citing reliable sources, the 650,000-barrel capacity refinery is prepared to enter the market, with ongoing discussions between the government and the Dangote Group about the logistics of product distribution.

For the time being, only the Nigerian National Petroleum Company Limited (NNPCL) will be permitted to sell fuel produced by the Dangote refinery. Although the refinery had initially targeted a June launch for petrol production, complications arose due to crude oil shortages and a dispute with the Nigerian Midstream and Downstream Regulatory Authority (NMDRA), which accused the facility of producing substandard diesel.

The Federal Government intervened, mandating that crude oil supplies be paid for in local currency. Allegations have surfaced from Dangote and other local refineries claiming that international oil companies (IOCs) have been reluctant to sell crude to local refineries. Recently, the government announced that a crude oil supply agreement would commence in October.

RelatedPosts

Makinde Announces Key Appointments to Civil Service Commission, Advisory Council

OYSCATECH Rector Lauds Makinde over Council Appointment; Congratulates Council Chairman and Members

Iyabo Ojo Stuns in Swimsuit During Zanzibar Getaway (PHOTOS)

The Dangote Group claimed that IOCs prefer selling crude oil through foreign agents, maintaining that the local price continues to rise due to these trading arms offering cargoes at prices ranging from $2 to $4 per barrel above the National Upstream Petroleum Regulatory Commission’s (NUPRC) official pricing.

Tensions escalated as the Dangote refinery exchanged accusations with the NUPRC regarding the alleged provision of 29 million barrels of crude. The Dangote Group criticized the NUPRC for its failure to enforce Domestic Crude Supply Obligations, claiming insufficient local crude supply.

In response, the NUPRC countered, asserting that it had facilitated the supply of over 29 million barrels to the Dangote refinery between January and June 2024. They stated that domestic crude oil allocations were delivered using a monthly production curtailment platform.

However, the Dangote Group disputed this claim. Anthony Chiejina, spokesperson for the group, acknowledged the NUPRC’s allocation of 29 million barrels but insisted that the refinery had yet to receive these shipments. He noted, “Aside from the term supply we bilaterally negotiated with NNPCL, we have only successfully purchased one cargo from a domestic producer; the remainder has come from international traders.”

Chiejina emphasized that the refinery seeks a more straightforward approach, advocating for local refineries to purchase crude directly from domestic producers instead of relying on international intermediaries.

Tags: 9jaspectatorsAliko DangoteDangote PetrolDangote Petrol priceDangote refineryPetrol from Dangote Refinery Ready for SupplySpectatorsspectatorsng
Previous Post

Notorious Bandit, Bello Turji Seizes Nigerian Army Vehicles (VIDEO)

Next Post

Senator Alli congratulates Vice President Kashim Shettima on 58th birthday

Related Posts

Makinde Announces Key Appointments to Civil Service Commission, Advisory Council
News

Makinde Announces Key Appointments to Civil Service Commission, Advisory Council

by Reporter
Senator Alli mourns Oniroko of Iroko, Oba Opeola
News

Senator Alli mourns Oniroko of Iroko, Oba Opeola

by Reporter
Enugu Native Doctor and Suspected Kidnapper Arrested While Attempting to Flee Nigeria
News

Enugu Native Doctor and Suspected Kidnapper Arrested While Attempting to Flee Nigeria

by Reporter
Next Post
Senator Alli congratulates Vice President Kashim Shettima on 58th birthday

Senator Alli congratulates Vice President Kashim Shettima on 58th birthday

Leave a ReplyCancel reply

Makinde Announces Key Appointments to Civil Service Commission, Advisory Council

Makinde Announces Key Appointments to Civil Service Commission, Advisory Council

by Reporter
0

Governor ‘Seyi Makinde of Oyo State has announced a fresh round of appointments into the state’s Civil Service Commission and...

OYSCATECH Rector Lauds Makinde over Council Appointment; Congratulates Council Chairman and Members

OYSCATECH Rector Lauds Makinde over Council Appointment; Congratulates Council Chairman and Members

by Reporter
0

The Rector, Oyo State College of Agriculture and Technology (OYSCATECH), Igboora, Prof. Akinola Akinlabi has commended the Executive Governor of...

Iyabo Ojo Stuns in Swimsuit During Zanzibar Getaway (PHOTOS)

Iyabo Ojo Stuns in Swimsuit During Zanzibar Getaway (PHOTOS)

by Reporter
0

Nollywood star and entrepreneur Iyabo Ojo is turning heads yet again—this time, while enjoying a tropical escape in Zanzibar. The...

Senator Alli mourns Oniroko of Iroko, Oba Opeola

Senator Alli mourns Oniroko of Iroko, Oba Opeola

by Reporter
0

Senator Sharafadeen Alli (APC-Oyo South) has expressed deep sorrow over the passing of the Oniroko of Iroko, Oba Ismaila Abioye...

No Result
View All Result
  • Home
  • Politics
  • Business
  • Education
  • Entertainment
  • Life
  • Tech
  • World News

© 2023 SpectatorsNG

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In