Crude Oil In Naira As Dangote Produce 20 Million Litres Of Petrol In September, NMDPRA, NNPC Ltd Sign Agreement
Dangote Refinery
Facility will produce 20 million litres of petrol in September 2024.
The Dangote Refinery will produce 20 million litres of petrol in September, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said on Tuesday.
This comes as the NMDPRA, on Tuesday, signed an agreement with the Nigerian National Petroleum Company Limited (NNPC Ltd) to sell crude oil to the refinery in Naira.
A statement by the Authority said the deal is in line with the recent approval by the Federal Executive Council (FEC) to sell crude oil to Dangote refinery and other indigenous refineries in Naira as well as buy petroleum products from the Dangote refinery in Naira.
“At the NMDPRA headquarters in Abuja, NNPC Ltd reached an agreement to commence crude oil sale and supply to Dangote Refinery in local currency.
“The refinery is now poised to supply an initial 25 million litres of PMS into the domestic market this September and will subsequently increase this amount to 30 million litres daily from October 2024,” NMDPRA said.
It was reported that the 650,000bpd oil refinery presented the first sample of its petrol product to Nigerians.
Confirming the commencement of PMS production at the refinery, the NMDPRA disclosed that the facility will produce 20 million litres of petrol in September 2024.
