Domestic crude must be available and commercially viable – Dangote Refinery

Dangote Petroleum Refinery and Petrochemicals has clarified its presumption pursuing caller reports referencing information released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which suggested that the refinery rejected 15.5 cardinal barrels of crude lipid offered by section producers successful the 2nd 4th of 2026.

The institution emphasised that it remains afloat committed to sourcing Nigerian crude lipid and supporting the objectives of the Domestic Crude Supply Obligation (DCSO) framework. However, it stressed that crude lipid indispensable beryllium disposable successful capable volumes and offered connected commercially competitory presumption to guarantee the sustainability of home refining and the proviso of affordable petroleum products to Nigerians.

Commenting connected the issue, the Group Vice President, Oil & Gas and Fertiliser, Dangote Industries Limited, Devakumar Edwin, said the cardinal contented is not the measurement of crude nominally offered nether the DCSO arrangement, but the quantity that is genuinely disposable for acquisition nether commercially viable conditions.

According to him, the refinery has consistently raised concerns astir inadequate availability of home crude and, much recently, has encountered situations wherever crude is offered astatine prices that are importantly supra prevailing marketplace benchmarks.

“Our presumption is straightforward. We are acceptable and consenting ...