NMDPRA and NNPC have signed an Contract to promote crude oil to Dangote Refinery in Naira.
PoliticalNews Nigeria stories that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has finalized an Contract with the Nigerian Nationwide Petroleum Company (NNPC) Restricted to promote crude oil to Dangote refinery in native foreign money, the naira.
That is contained in an announcement by NMDPRA on Tuesday in Abuja following the graduation of petrol production by Dangote refinery.
This growth is in step with the latest approval by the Federal Government Council (FEC) to promote crude oil to Dangote refinery in Naira in addition to buy petrol merchandise from the refinery within the native foreign money.
NMDPRA additionally confirmed that Dangote has begun petrol production, including that the refinery will produce 20 million liters of petrol in September.
“On the NMDPRA headquarters in Abuja, NNPCL attain an Contract to start crude oil sale and provide to Dangote Refinery in native foreign money.
“The refinery is now poised to provide an preliminary 25 million litres of PMS into the home market this September. And can subsequently improve this quantity to 30 million liters day by day from October 2024,” NMDPRA mentioned.