The Nigerian National Petroleum Company Limited (NNPCL) has supplied Dangote Petroleum Refinery four cargoes of crude oil under the naira-for-crude sale agreement, officials of the refinery and the Federal Government have disclosed.
The four cargoes of crude were delivered to the refinery within the past three weeks when the government kick-started the sale of crude to local refineries in naira, the Punch reports.
The newspaper quotes sources knowlegable about the local crude sale deal as saying the refinery was still waiting to receive more crude oil cargoes from NNPCL.
It was also confirmed that the $20bn Lekki-based plant was now set to begin the direct sale of refined Premium Motor Spirit, popularly called petrol, to domestic dealers.
A source close to the Technical Subcommittee on Domestic Sale of Crude Oil in Local Currency, who did not want to be mentioned because he was not permitted to speak with the press, confirmed to The PUNCH that “more cargoes (of crude) would be delivered to the Dangote refinery in the coming weeks.”
The official disclosed that the programme started with the Dangote refinery as the only petrol-producing facility in Nigeria at the moment.
The first phase of the naira-crude sale agreement would last for six months unless it is renewed by the Federal Government, the paper further reported.
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