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

Naira’s December Crash: Black Market Rates Hit Nigerians Hard
Business & Finance

Naira’s December Crash: Black Market Rates Hit Nigerians Hard

December 13, 2025
Naira’s December Crash: Black Market Rates Hit Nigerians Hard
Business & Finance

Naira’s December Crash: Black Market Rates Hit Nigerians Hard

December 12, 2025
Naira’s December Crash: Black Market Rates Hit Nigerians Hard
Business & Finance

Naira’s December Crash: Black Market Rates Hit Nigerians Hard

December 11, 2025
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

Anger Over Housing Shortage Sparks Mass Demonstrations Across Spanish Cities

Anger Over Housing Shortage Sparks Mass Demonstrations Across Spanish Cities

8 months ago
Melinda Gates, Co-chair of Bill Gates Foundation Steps Down

Melinda Gates, Co-chair of Bill Gates Foundation Steps Down

2 years ago
Eritrea: Ex-Finance Minister Passes Away in Jail

Eritrea: Ex-Finance Minister Passes Away in Jail

1 year ago
Nobody Prosecuted For Deborah’s Murder, ex NERC Boss Exclaims.

Nobody Prosecuted For Deborah’s Murder, ex NERC Boss Exclaims.

3 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

Israel Strikes Gaza: Top Hamas Commander Dead?

Israel Halts Strike After Lebanon Intervenes

Chelsea Cruise Past Everton to Continue Dominant Stamford Bridge Record and break winless Run

Why Ayra Starr Calls Her New York Apartment A Walk-In Freezer

Nobel Winner Walks Free as US Cuts Belarus Sanctions

Berlin Talks Hint at a Ceasefire, Ukraine Is Not

Trending

Why I’m Not Proud Of My Past — Pastor Adeboye
Entertainment

Why I’m Not Proud Of My Past — Pastor Adeboye

byAyobami Owolabi
December 14, 2025
0

The General Overseer of The Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has said his...

How Social Media Has Turned Words Into Weapons — Banky W

How Social Media Has Turned Words Into Weapons — Banky W

December 14, 2025
US Warns Rwanda: Trump’s Accords Are Non-Negotiable

US Warns Rwanda: Trump’s Accords Are Non-Negotiable

December 13, 2025
Israel Strikes Gaza: Top Hamas Commander Dead?

Israel Strikes Gaza: Top Hamas Commander Dead?

December 13, 2025
Israel Halts Strike After Lebanon Intervenes

Israel Halts Strike After Lebanon Intervenes

December 13, 2025

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

  • Why I’m Not Proud Of My Past — Pastor Adeboye
  • How Social Media Has Turned Words Into Weapons — Banky W
  • US Warns Rwanda: Trump’s Accords Are Non-Negotiable

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