Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Dangote Refinery Urges Enforcement of Domestic Crude Supply Obligation

Amid Disputes with NUPRC and NNPC

Benita OrumabyBenita Oruma
August 9, 2024
in Business & Finance
0
Dangote Refinery Urges Enforcement of Domestic Crude Supply Obligation
Share on FacebookShare on TwitterShare on Whatsapp

In recent developments involving Dangote Refinery and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the refinery has strongly urged NUPRC to enforce the domestic crude supply obligation as mandated by the Petroleum Industry Act (PIA). This call comes in response to ongoing challenges the refinery faces in securing its full crude oil requirement from domestic sources.

Table of Contents

Toggle
  • Disputes and Allegations
  • Challenges in Securing Local Crude
  • Concerns Over NUPRC Enforcement
  • Public and Government Response

Disputes and Allegations

Dangote Refinery has been embroiled in disputes with both government officials and international oil companies over the supply of crude oil to its 650,000 barrels per day facility. NUPRC has accused the refinery of producing substandard products and pursuing a monopolistic market. Conversely, Dangote Refinery has alleged that government officials are obstructing its operations and pointed out that a significant portion of its crude supply is imported rather than sourced locally.

Challenges in Securing Local Crude

In a statement released by the Group Chief, Branding and Communications Officer at Dangote Petroleum Refinery, Anthony Chiejina, Dangote Refinery outlined the difficulties it faces in securing adequate crude oil supplies domestically. The refinery also denied recent media reports suggesting it had backtracked on its statements regarding crude supply. It clarified that it had not accused the Nigerian National Petroleum Company Limited (NNPCL) of failing to provide crude. Instead, its primary concern is the enforcement of the domestic crude supply obligation by NUPRC to ensure the refinery receives its full crude oil requirements from NNPC.

Concerns Over NUPRC Enforcement

The refinery expressed frustration with NUPRC’s perceived reluctance to enforce the domestic crude supply obligation. For September, Dangote Petroleum Refinery required 15 cargoes of crude oil but received only six from NNPC. Despite appeals to NUPRC, the remaining cargoes have not been secured. When approaching international oil companies operating in Nigeria, the refinery was either redirected to their international trading arms or informed that their cargoes were committed elsewhere.

As a result, Dangote Petroleum Refinery has had to purchase Nigerian crude from international traders at an additional premium of $3-$4 per barrel, resulting in an extra $3-$4 million per cargo.

Public and Government Response

The ongoing conflict between the refinery and the government has attracted significant attention from Nigerians, many of whom support the refinery’s cause. As the only operational refinery in Nigeria, Dangote Refinery’s struggles have highlighted the lack of support from those in power. The dispute has fueled calls for the enforcement of the PIA regarding crude oil obligations to local refineries. If successful, this enforcement could grant Dangote a legal right to a percentage of crude oil from producers, alleviating the refinery’s current challenges and potentially boosting petroleum production in Nigeria.

Tags: dangoteDangote Refinery Urges Enforcement of Domestic Crude Supply ObligationDomestic crudefederal characterNewsNigeriarefinery
Benita Oruma

Benita Oruma

Benita Oruma is a lawyer in training, a 400 level student in the university of Ibadan. She is a content writer with interest in corporate affairs and the marketplace.

Related Posts

A Bleak Start to 2026 as Black Market FX Batters the Naira
Business & Finance

A Bleak Start to 2026 as Black Market FX Batters the Naira

January 10, 2026
Why Elon Musk Just Put a Price on Grok's Riskiest A.I. Feature
Business & Finance

Why Elon Musk Just Put a Price on Grok’s Riskiest A.I. Feature

January 9, 2026
A Bleak Start to 2026 as Black Market FX Batters the Naira
Business & Finance

A Bleak Start to 2026 as Black Market FX Batters the Naira

January 9, 2026
Next Post
Venezuelan President Maduro Announces 10-Day Ban on X Amid Election Controversy

Venezuelan President Maduro Announces 10-Day Ban on X Amid Election Controversy

Cardi B Reveals Near Miscarriage After Freak Accident

Cardi B Reveals Near Miscarriage After Freak Accident

RSF Turns El Gezira Into a War Zone, Civilians Abandoned

RSF Turns El Gezira Into a War Zone, Civilians Abandoned

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Rwanda’s Shadow War in Congo: UN Demands Troop Withdrawal

Rwanda’s Shadow War in Congo: UN Demands Troop Withdrawal

11 months ago
Ronaldo Rejects Offer to Join Australia Club

Ronaldo Rejects Offer to Join Australia Club

3 years ago
Nigeria’s GDP Was Doubled In The Eight Years I Was In Office – Buhari

Nigeria’s GDP Was Doubled In The Eight Years I Was In Office – Buhari

3 years ago
Are The Stanley Cups Giving Rise To Overhydration?

Are The Stanley Cups Giving Rise To Overhydration?

2 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump UK ukraine US
No Result
View All Result

Highlights

Propofol Tragedy: NSA Responds to Chimamanda’s Son Case

Medical Negligence Killed My Son” — Chimamanda Accuses Lagos Hospital

How I Teach My Son Discipline Despite Wealth – Tiwa Savage

How Fetty Wap Ended Up Out Of Prison Earlier Than Expected

Osimhen and Adams Flatten Algeria As Nigeria Move on to AFCON Semi-Finals

What We Know About the Suspect Detained After Six Deaths in Mississippi

Trending

Iran Arrests Alleged Israeli Spy Amid Nationwide Protests
Government

Iran Arrests Alleged Israeli Spy Amid Nationwide Protests

byEriki Joan Ugunushe
January 10, 2026
0

Iran’s security forces say they have arrested a foreigner accused of spying for Israel, a claim that...

Can the Stranger Things Fashion Version of the ‘80s Make a Comeback?

Can the Stranger Things Fashion Version of the ‘80s Make a Comeback?

January 10, 2026
Greenland Breaks Free, Denmark Panics

Greenland Breaks Free, Denmark Panics

January 10, 2026
Propofol Tragedy: NSA Responds to Chimamanda’s Son Case

Propofol Tragedy: NSA Responds to Chimamanda’s Son Case

January 10, 2026
Medical Negligence Killed My Son” — Chimamanda Accuses Lagos Hospital

Medical Negligence Killed My Son” — Chimamanda Accuses Lagos Hospital

January 10, 2026

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Iran Arrests Alleged Israeli Spy Amid Nationwide Protests
  • Can the Stranger Things Fashion Version of the ‘80s Make a Comeback?
  • Greenland Breaks Free, Denmark Panics

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com