ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, October 30, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Economy And Business

NNPCL Gives Fresh Conditions For Crude Oil Supply To Dangote Refinery

Ojulari’s remarks follow an earlier statement by Devakumar Edwin, President of Dangote Industries, who told Bloomberg that the refinery aims to rely 100 percent on domestic crude supply by the end of December 2025.

by NewsOnline Nigeria
July 12, 2025
in Economy And Business, Top Stories
0
NNPCL

NNPCL has reaffirmed commitment to supplying crude oil to Dangote Refinery on commercial terms.

NewsOnline Nigeria reports that the Nigerian National Petroleum Company Limited (NNPCL) has reiterated that it will continue supplying crude oil to the Dangote Refinery based on a commercial arrangement guided by the principle of willing buyer and willing seller.

This assurance was given by the Group Chief Executive Officer of NNPCL, Bayo Ojulari, during a recent interview with Bloomberg. He emphasized that while the refinery is free to import crude for its operations as a commercial entity, efforts are underway to boost domestic crude supply to the facility.

SEE ALSO: Voter Apathy, Late Arrival of Officials Mar Early Hours of Lagos LG Elections

“Dangote Refinery is a commercial investment and therefore has the flexibility to import crude to stay operational. However, we are working to improve the volume of crude supplied domestically,” Ojulari stated. “Our goal is to reduce government dominance in private sector operations and promote free-market dynamics. Crude oil supply from Nigeria to the refinery will strictly adhere to commercially agreed terms.”

Ojulari’s remarks follow an earlier statement by Devakumar Edwin, President of Dangote Industries, who told Bloomberg that the refinery aims to rely 100 percent on domestic crude supply by the end of December 2025.

In July 2024, President Bola Ahmed Tinubu directed that crude oil be sold to the Dangote Refinery in Naira. The directive was implemented in October 2024 and, according to the Nigerian government’s Technical Sub-Committee on Crude and Refined Product Sales in Naira, the initiative will remain in force indefinitely.

Previous Post

Voter Apathy, Late Arrival of Officials Mar Early Hours of Lagos LG Elections

Next Post

BREAKING: Atiku, Obi, Amaechi, Others To Sign Agreement Before ADC Primary Election

Next Post
Atiku, Obi, Amaechi,

BREAKING: Atiku, Obi, Amaechi, Others To Sign Agreement Before ADC Primary Election

Trending Stories

No Content Available

Latest Stories

15% Import Duty on Petrol

Tinubu Approves 15% Import Duty on Petrol, Diesel as NNPCL Begins Refinery Review

GenCo, Gas Debts

FG Moves to End Power Shortage, Approves N4 Trillion Bond to Clear GenCo, Gas Debts

President Tinubu

BREAKING: President Tinubu Decorates Newly Appointed Service Chiefs at Aso Villa

Real Madrid, Super League Promoters

Real Madrid, Super League Promoters Sue UEFA for $4 Billion Over ‘Unfair’ Competition Ban

JAMB

JAMB Walks Out on House Committee During Budget Investigation Over Media Presence

APC

BREAKING: APC Secures Two-Third Majority in House of Representatives

Correctional Services Recruitment

FG Releases Shortlist for Immigration, Civil Defence, Fire, and Correctional Services Recruitment

Timipre Sylva

BREAKING: Timipre Sylva Breaks Silence On Alleged Failed Coup To Oust Tinubu Government

Dr. Bernard Doro

BREAKING: Senate Confirms Dr. Bernard Doro as Minister of the Federal Republic of Nigeria

Bonghe Microfinance Bank

Bonghe Microfinance Bank Ex-MD, Grace Karka Jailed 5 Years for ₦32 Million Fraud

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria