NNPC Limited has addressed recent social media reports concerning the alleged termination of its crude oil sales agreement with Dangote Refinery.
In a statement, Chief Corporate Communications Officer NNPC Ltd Olufemi Soneye clarified that the agreement, structured for six months and subject to availability, is set to expire at the end of March 2025. Negotiations are currently underway to establish a new contract.
He said since October 2024, NNPC has supplied over 48 million barrels of crude oil to Dangote Refinery under this arrangement, bringing the total supply since the refinery began operations in 2023 to over 84 million barrels.
Soneye reaffirmed NNPC commitment to supporting local refining by ensuring a steady supply of crude oil under mutually agreed terms.
