NNPC Limited has addressed circulating reports regarding the alleged unilateral termination of its crude oil sales agreement with Dangote Refinery.
Thank you for reading this post, don't forget to subscribe!In a statement, NNPC Limited clarified that the crude oil sales contract in Naira was structured as a six-month agreement, subject to availability, and is set to expire at the end of March 2025. The company confirmed that discussions are underway to establish a new contract.
Since October 2024, NNPC Limited has supplied over 48 million barrels of crude oil to Dangote Refinery. In total, more than 84 million barrels have been provided since the refinery began operations in 2023.
NNPC Limited reaffirmed its commitment to ensuring the steady supply of crude oil for local refining under mutually agreed terms and conditions.
