Olufemi Adeyemi
Nigeria’s state-oil firm, the Nigerian National Petroleum Corporation Limited, will supply 300,000 barrels daily to the Dangote Refinery set for commissioning in next week.Mele Kyari, NNPCl Group CEO, in a brief remarks at the
Nigerian Oil and Gas Opportunities Fair 2023 which held in Bayelsa on Thursday,
said the company took an early strategic stake in the company because it saw
the potential.
Kyari said the plan to sell crude to the Dangote Refinery
would ensure that they the company would have an assured market for its crude.
The NNPC Limited is entrusted with about 455,000 barrels of
crude oil produced in Nigeria which represents the share of Nigeria’s oil
production from various crude production arrangements with local and
international oil companies.
Kyari said that production has declined in the past few
weeks due to some production challenges but that efforts were on-going to fix the
issues.
Nigeria’s production fell in April to about 1million barrels
per day, falling behind African peer Angola.
Oil production in the Nigeria has been plagued by insecurity
and sabotage on oil and gas infrastructure in the Niger Delta. This has forced
International Oil Companies to halt production from onshore and shallow water
fields.
Speaking on the plight of investments in the sector, Kyari
said the corporations partners “are not putting money because they need
guarantee that it would be safe.”
Kyari said the corporation was working hard to ensure
security challenges are tackled. The Nigerian government has had to invite
private security companies including one which a former militant, has
significant stake.
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