The Nigerian National Petroleum Corporation, NNPC, Limited has asked for office space for about 10 of its staff at Dangote Refinery as part of their crude supply deal.
According to Devakumar V. G. Edwin, Vice President, Oil & Gas, of Dangote Group, NNPC made the demand since they will be supplying the crude, overseeing the production, and buying back the products in Naira.
Edwin said this on an X (Twitter) Space event organised by Nairametrics entitled “Unlocking How Dangote Refinery Shapes Price”.
At the event, he discussed the progress of Premium Motor Spirit, PMS, (petrol) production at the refinery.
Edwin revealed: “NNPC has informed us that they intend to station a team of 6 to 10 people permanently at our refinery.
“They’ve asked us to provide office space for them since they will be supplying the crude, overseeing the production, and buying back the products in Naira.”
Furthermore, Edwin noted that the discussions with NNPC are about a new model for crude supply where the refinery will buy crude from the government in Naira and sell PMS in the same currency, rather than in dollars, Nairametrics reported.
