Crude oil barrels being transported to Dangote Refinery as part of NNPCL’s new supply plan

Fresh Oil Supply for Dangote Refinery to Boost Local Production

Guess what guys, Nigeria oil scene is giving out some wonder news. September To November: NNPC Reveals You are eligible to receive 17.8 million barrels of crude oil from the Nigerian National Petroleum Company Limited (NNPCL) between September, and you can supply them to the Dangote Refinery. Yes, that is Million with an M — close to 18 million barrels! The decision has been seen as a major step towards the government's goal of raising locally made at least half of all petroleum products.


The Vice President of Downstream at NNPCL, Mr. Adedapo Segun, spilled the beans during a chat on Arise News' Morning Show. He mentioned that Dangote Refinery is getting another 6.8 million barrels this September, followed by a whopping 11 million barrels in November. This fresh batch adds to the 30 million barrels NNPCL has already supplied to kickstart operations. In short, the refinery is ready to roll, with plans to start releasing Premium Motor Spirit (PMS) into the market soon. It’s not just talk anymore—it’s action.


Well, this is a big deal for Nigeria. More local production means less dependency on imports, which could eventually lower prices at the pump (fingers crossed). Mr. Adedapo made it clear that while the NNPCL is currently the only importer of PMS (thanks to messy forex issues and pricing challenges), Dangote Refinery won’t just be exclusive to them. Once the market sorts itself out, other players will be able to jump in and buy products from Dangote. For now, though, NNPCL is stepping up to ensure the supply, as part of their public service role.


This oil supply isn’t just a one-off deal; it’s part of a broader strategy to boost Nigeria’s local refining capacity. The end goal? To make sure the country isn’t just sitting on oil but actually refining it and benefiting from the products. It’s a key step toward energy independence. And with NNPCL’s role as the "provider of last resort," they’re making sure we have fuel, even in a tight market.


It’s refreshing to see some movement in the oil sector that could have real benefits for everyday Nigerians. We all know how crazy the fuel market has been lately. If this plan works out, we might see more stability and even more competition among suppliers down the road. Stay tuned—this could be the start of a big shift in how Nigeria handles its oil business.