The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted claims by the management of the Dangote Petroleum Refinery that it has not properly enforced the domestic crude supply obligation (DCSO)....CLICK HERE TO CONTINUE READING.>>
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Dangote Refinery had earlier accused the NUPRC of failing to enforce the domestic crude supply obligation and ensuring that it receives its full crude requirement from Nigerian National Petroleum Company (NNPC) Limited and international oil companies (IOCs)
However, speaking via a statement in Abuja on Friday, the NUPRC said it facilitated the supply of 29 million barrels of crude oil to the Dangote refinery between January and June.
The Commission said as part of its commitment to enforce section 109 of the Petroleum Industry Act, 2021, which provides the domestic supply of crude to local refineries on a ‘willing buyer, willing seller’ basis, it ensured that nine refineries were supplied crude despite low oil production.
The NUPRC said despite its efforts to enforce the crude oil obligations through the development of the DCSO framework, the Dangote refinery was still accusing it of weak enforcement.
The Commission said it has facilitated over 32 million barrels of crude oil supply to domestic refineries in the country.
“The NUPRC took an additional step to ensure that crude producers furnish the Commission with copies of all crude oil sales and purchase agreements entered or any security interest entered, that is tied to crude oil production.
“The commission on several occasions has also engaged Dangote and local refiners to ensure their supply quota is met in line with the provisions of the PIA,” the Commission said.
The NUPRC said it had facilitated the domestic supply of crude oil to the Dangote refinery and other refiners using the monthly production curtailment platform.
“These strategic commitments to Nigeria’s energy security have led to the facilitation of the supply of 32 million barrels of crude to Dangote Refinery and other local producers in the first half of 2024,” the Commission said.
NUPRC said nine refineries have benefitted from the 32,088,122 barrels of crude, “with Dangote alone getting a total of 29,047,098 barrels out of the total supply in the first half of 2024.”
