Ojulari affirms NNPC will continue crude sale to Dangote Refinery but facility has flexibility to import, if necessary
By Jeph Ajobaju, Chief Copy Editor
Dangote Refinery will continue to enjoy its existing naira-for-crude deal on commercially willing buyer and willing seller basis, the Nigerian National Petroleum Company Limited (NNPC) has pledged.
NNPC Group Chief Executive Officer (GCEO) Bayo Ojulari reiterated in a recent interview with Bloomberg that, as a commercial entity, Dangote has the flexibility to import crude for its survival beside domestic supply from the oil regulator.
He said Abuja is poised to move away from dominance in the private oil and gas sector but also determined to improve domestic crude supply to Dangote Refinery, the largest in Africa.
His words: “First of all, Dangote Refinery is a commercial investment, so the refinery has the flexibility to import crude for its survival.
“If you look at it commercially, we have to do more to ensure that there is a balance in terms of the crude coming from domestic; we are working on that, and we think that will improve.
“But what we want to do is move away from government domination in private sector businesses. We want the private to have the freedom. If Nigeria is to provide crude oil supply to Dangote Refinery, it will be on a commercially willing buyer and willing seller basis.”
Dangote Industries (DIL) President Devakumar Edwin previous disclosed to that Dangote Refinery anticipates 100 per cent domestic crude supply by the end of December 2025.
President Bola Tinubu in July 2024 directed more crude sales to Dangote Refinery in naira, which was implemented in October 2024.
The government’s Technical Sub-Committee on the Crude and Refined Product Sales in Naira for crude sales announced in April 2025 that the initiative continues indefinitely.
Read also:
