“As at 31 December 2023, NNPC Limited holds a 7.25 per cent interest in DPRP FZE,” the NNPC Ltd said in its report.
INVESTIGATION: How Nigeria can resolve its multi trillion naira post-harvest losses INVESTIGATION: Poverty, shambolic education system keeping children out of school in Niger StateSPECIAL REPORT: In Northwest Nigeria, insecurity is fueling medical desertsFrom serendipity to synchronicity: An imperfect storm that Nigerians need, By Hamzat LawalINVESTIGATION: How Nigeria can resolve its multi trillion naira post-harvest losses INVESTIGATION: Poverty, shambolic education system keeping children...
“The balance of the cost of equity investments made in DPRP FZE, which is USD1.76 billion has been agreed to be paid in cash instead of the proposed crude discount of $2.5/bbl on the official selling price of crude oil. NNPC Ltd. said last month that it now owns a 7.2 per cent stake in the 650,000 barrels per day Dangote refinery.The oil firm made this known in reaction to a statement by the President of Dangote Group, Aliko Dangote, that NNPC no longer owns a 20 per cent stake in the Dangote refinery.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
We reduced stake in Dangote refinery to invest in CNG, says NNPCNNPC Limited says its stake in Dangote Petroleum Refinery was reduced to 7.2 percent to invest in compressed natural gas (CNG).
Read more »
Dangote Refinery refutes claims on NNPC crude supply, calls for enforcement of domestic supply obligationsDangote Refinery has refuted claims about its crude oil supply from NNPC and urged the NUPRC to enforce Domestic Crude Supply Obligations as mandated by the Petroleum Industry Act.
Read more »
60% of our crude feedstock supplied by NNPC, says Dangote refineryThe Dangote refinery says since it commenced full operations, it has processed 50 million barrels of crude -- with 60 percent of its feedstock coming from the Nigerian National Petroleum Company (NNPC) Limited.
Read more »
‘NNPC supplies 60 per cent of our crude’ – Dangote RefineryIn what appears a major shift from previous clam by the Dangote Refinery company, the Group Chief Strategy Officer, Dangote Refinery and Petrochemicals Company, Aliyu Suleiman on Wednesday, stated that 60 per cent of the crude supplied to the refinery was done by the Nigerian National Petroleum Company Limited, NNPCL.
Read more »
CSOs to monitor NNPC's compliance on crude oil supply to Dangote refineryNigeria's independent online newspaper
Read more »
Scapegoating the NNPC in the Dangote Refinery sagaGive a dog a bad name and hang it is an old English proverb that seems to fit into the stories swirling around the state-owned Nigerian National Petroleum Company Limited since the allegations credited to Alhaji Aliko Dangote, President of Dangote Refinery.
Read more »