The Nigeria National Petroleum Corporation Limited (NNPC) has agreed to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years.
According to the Group Chief Executive Officer, NNPC Ltd, Mele Kyari, the corporation will have the first right of refusal to supply the Dangote refinery with the product for the next two decades.
Kyari revealed this in a chat with journalists when he appeared at the 49th Session of the State House Ministerial Briefing organised by the Presidential Communications Team, at the Presidential Villa, Abuja.
He said the corporation had succeeded in locking down the huge supply as part of the Federal Government’s means of guaranteeing sufficient petroleum products supply for Nigeria.
“We have secured the right to sell up to 300,000 barrels of crude oil to the Dangote refinery for the next 20 years. Not only that, by right, we also have access to 20 per cent production from that plant,” he said.
Speaking further, Kyari claimed that stolen crude oil products were now stored in places of worship with the consent of the clergy, members and neighbours.