spot_img
spot_imgspot_img
August 12, 2026 - 12:49 PM

Dangote Refinery Explains 15.5 Million Barrel Crude Supply Dispute

The Dangote Petroleum Refinery has rejected claims that it turned down 15.5 million barrels of crude offered by local producers under Nigeria’s Domestic Crude Supply Obligation in the second quarter of 2026.

The refinery said the dispute centres on the actual availability and pricing of crude rather than a refusal to buy the volumes reported by the Nigerian Upstream Petroleum Regulatory Commission.

The News Chronicle reports that Dangote has continued to seek Nigerian crude but says some supplies have been offered through intermediaries at prices above international market benchmarks, making them commercially unattractive.

The company said limited direct access to domestic producers has forced it to source significant volumes through international oil companies and other suppliers, adding extra costs to crude purchases.

Dangote Industries’ Group Vice President for Oil and Gas and Fertiliser, Devakumar Edwin, said the refinery supports the DCSO but needs reliable volumes at competitive prices to maintain efficient operations and keep petroleum products affordable.

The company also raised concerns over gaps in the implementation of the Petroleum Industry Act, including situations where crude allocated for domestic refining had already been committed to other buyers.

Dangote said a more transparent and commercially sustainable supply system would strengthen local refining, reduce reliance on imported fuel and improve Nigeria’s energy security.

 

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted

Share post:

Subscribe

Latest News

More like this
Related

Muslim-Muslim Ticket: They Started It — Jingir Defies Backlash, Says He Has No Regrets

Jingir defends Muslim-Muslim ticket stand, says he has no...

God Gave Me Niche for Villainous Roles – Patience Ozokwor

Veteran Nollywood actress, Patience Ozokwor, popularly known as Mama...

NHRC Calls for Suspension, Arrest of Senator Over Alleged Osun Election Incitement

The National Human Rights Commission (NHRC) has called for...

Davido Urges Trump to Monitor Osun Election Amid Violence Fears

Afrobeats star David Adeleke, popularly known as Davido, has...
Join us on
For more updates, columns, opinions, etc.
WhatsApp
0
Would love your thoughts, please comment.x
()
x