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Crude Oil Supply Agreement with Dangote Refinery

Sector: Oil and Gas • Location: Nigeria

Source: P.M.EXPRESS

Project
Active

A strategic supply agreement where NNPC Ltd has allocated over 112 million barrels of crude oil to Dangote Refinery from December 2023 to September 2025. A new Crude SPA with a tenure of 2 years under the crude-for-Naira initiative was signed to ensure consistent feedstock for Nigeria's largest refinery, reduce foreign exchange pressures and strengthen local refining capacity.

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Project Information

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The project “Crude Oil Supply Agreement with Dangote Refinery” is an infrastructure initiative in the Oil and Gas sector, located in Nigeria. Taiyo aggregates data on it from P.M.EXPRESS.

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Participants

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Taiyo status

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Description

Description

A strategic supply agreement where NNPC Ltd has allocated over 112 million barrels of crude oil to Dangote Refinery from December 2023 to September 2025. A new Crude SPA with a tenure of 2 years under the crude-for-Naira initiative was signed to ensure consistent feedstock for Nigeria's largest refinery, reduce foreign exchange pressures and strengthen local refining capacity.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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