BIG STORY

BUSINESS: Dangote Makes U-Turn, Says NNPC Supplies 60% Of Its Crude

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In a significant departure from previous claims, Aliyu Suleiman, Group Chief Strategy Officer of Dangote Refinery and Petrochemicals Company, revealed on Wednesday that the Nigerian National Petroleum Company Limited (NNPCL) supplies 60% of the crude oil to the refinery.

This statement was made during an interactive session with the Senate Ad-hoc committee investigating alleged sabotage in the Nigerian petroleum industry.

Suleiman’s assertion contradicts earlier claims made by Rabiu A. Umar, Group Chief Commercial Officer of Dangote Industries Limited, who stated that NNPCL only provides 33% of the required crude, forcing the refinery to source the remaining 67% from elsewhere to meet its production capacity of 650,000 barrels per day.

However, Suleiman presented a different scenario, stating that out of the five million barrels of crude oil received recently, NNPCL supplied 60%, while 20% was imported and 20% was purchased from other sources.

He expressed appreciation for the strong partnership between Dangote Refinery and NNPCL, which has enabled the significant supply of crude to the refinery.

Suleiman emphasized the need for support from all stakeholders to ensure the growth and survival of the refinery, likening it to a baby that requires nurturing.

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