The Nigeria National Petroleum Corporation Limited will have the first right of deprivation to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years.
The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, disclosed this to journalists when he appeared at the 49th Session of the State House Ministerial Briefing organized by the Presidential Communications Team, at the Presidential Villa, Abuja.
A supply of 300,000 per day in 20 years brings the total supply to 2.1 trillion by the NNPC.
According to him, 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.
He alleged that stolen crude oil products were now stored in places of worship such as churches and mosques.
He also noted that various law enforcement agencies had arrested 122 persons involved in pipeline vandalism and oil theft from April to August of 2022.
Source:The Punch
