Oil producers, under the aegis of the Independent Petroleum Producers Group, have warned against being forced to sell crude oil to the Dangote Petroleum Refinery and other local ones in Nigeria.
The group also called on the Nigerian National Petroleum Company Limited to re-direct its allocated crude oil volumes to Dangote refinery and other local refineries to mitigate the current crude supply shortage being experienced by the local refiners that is impacting local product availability in many parts of Nigeria.
The Chairman of IPPG, Abdulrazak Isa, in a letter dated August 16, 2024, and addressed to the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, said NNPC should utilize its allocated 445,000 barrels per day intervention crude oil volume to salvage the current situation as it did in many instances in the past.
Isa said some IPPG members already owned and/or were supplying crude oil to local refineries.