The Nigerian National Petroleum Company (NNPC) Limited, has said it is aiming to supply 17.6 million barrels of crude oil to Dangote Petroleum Refinery in the next two months.
Adedapo Segun, Executive Vice-President, Downstream, NNPC, disclosed this on Thursday, in an interview on Arise Television.
Segun said the move is part of the Federal Government’s push to drive local production of petroleum products
NNPC’s plan to supply 17.6 million barrels translates to an average daily supply of 288,524 barrels, which is approximately 44 percent of the refinery’s total capacity of 650,000 barrels per day.
Dangote refinery commenced petrol production on Tuesday.
On the same day, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said the Dangote refinery is expected to supply 25 million litres of petrol daily in September, and will subsequently increase this amount to 30 million litres daily from October.
Two days later, NNPC increased the price of premium motor spirit (PMS), also known as petrol, across its retail outlets to N855 per litre.
Prior to the price hike, the country has been experiencing petrol scarcity, with queues resurfacing at petrol stations.
According to Segun, NNPC is doing its best to eradicate queues and ensure the supply of petrol at all stations.
He said one of the measures taken is the supply of 30 million barrels of crude oil to the Dangote refinery.
“We’ve provided over 30 million barrels of crude oil to Dangote refinery so far,” he said.
“This month alone, we will be providing 6.3 million barrels of crude oil to Dangote refineries in seven cargoes.
“And in October, we’ll be providing another 11.3 million barrels of crude oil to Dangote refineries in 13 cargoes. So we’re doing everything we can to make sure that this situation abates as soon as possible.”
