The Dangote Oil Refinery Crisis Unfolds: A Battle of Words
The Dangote Oil Refinery finds itself embroiled in a crude crisis as it clashes with the Nigerian Upstream Petroleum Regulatory Commission. The Dangote Group accuses the NUPRC of failing to enforce domestic crude supply obligations effectively, leading to insufficient local crude supply. In response, the NUPRC refutes these claims, stating that it facilitated the supply of over 29 million barrels of crude oil to Dangote Refinery between January and June 2024.
However, the Dangote Refinery disputes receiving this amount of crude. The NUPRC emphasizes its commitment to enforcing the Petroleum Industry Act provisions by supplying crude to refineries, including Dangote, despite low oil production. The exchange highlights the challenges in the domestic crude supply chain and the complexities of the regulatory environment.
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