NNPCL reaches agreement to sell crude oil to Dangote Refinery in Naira
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) confirmed this on Tuesday through its X handle, @NMDPRA_Official.
NMDPRA stated that NNPCL has agreed to sell and supply crude oil to Dangote Refinery using local currency.
The agency stated that the refinery plans to supply 25 million litres of Premium Motor Spirit (PMS) daily to the domestic market starting in September 2024. It added that this volume would be increased 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.
