NNPC Boosts Dangote Refinery’s May Crude Allocation to Seven Cargoes

The Nigerian National Petroleum Company Limited will allocate seven cargoes to the Dangote Refinery in May, up from five in previous months. A top NNPC source told TheCable that the increase aims to boost production under the crude-for-naira programme. Dangote CEO David Bird had said the plant needs 13 to 15 cargoes monthly but was only receiving five. According to a Reuters report, higher allocations may limit Nigerian crude exports. NNPC supplies are also cheaper due to lower shipping costs. Dangote has reduced its ex-gantry petrol price to ₦1,200 per litre. The refinery is negotiating with NNPC for even more volumes.

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