The Nigerian government has agreed to sell crude oil to Dangote and local refineries to boost the Naira. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, disclosed this during a briefing in Abuja on Monday. He said Nigeria's total crude oil and condensate reserves increased to 37.
The Nigerian government has agreed to sell crude oil to Dangote and local refineries to boost the Naira . The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, disclosed this during a briefing in Abuja on Monday. He said Nigeria's total crude oil and condensate reserves increased to 37.5 billion barrels on January 1, 2024, with a life index of 68.01 years.
'The commission, in conjunction with relevant stakeholders from NNPC Upstream Investment Management Services, representatives of Crude Oil/Condensate Producers, Crude Oil Refinery-Owners Association of Nigeria, and Dangote Petroleum Refinery came up with the template for the buy-in of all. 'This is in a bid to foster a seamless implementation of the DCSO and ensure consistent supply of crude oil to domestic refineries.
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