The Nigerian National Petroleum Corporation (NNPC) has requested office space for six to 10 of its staff at the Dangote Refinery as part of its crude supply arrangement. Devakumar Edwin, Vice President of Oil and Gas at Dangote Group, revealed this during a Nairametrics Twitter Space event on refining operations.
Edwin explained that NNPC staff would oversee the supply of crude, monitor production, and handle purchasing of refined products in Naira. This shift toward transactions in Naira is a key part of ongoing negotiations between Dangote Refinery and NNPC. However, unresolved issues remain, including crude pricing mechanisms and exchange rates.
Aliko Dangote has also agreed to sell the products in Naira, despite potential financial losses due to exchange rate fluctuations. He expressed willingness to take on the loss in order to support Nigeria’s economy.
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