Devakumar V.G. Edwin, Vice President of Oil & Gas at Dangote Group, announced that the Nigerian National Petroleum Company Limited (NNPCL) seeks a permanent office at the Dangote Refinery. This collaboration aims to streamline crude oil supply and production, potentially alleviating fuel shortages and economic hardships in Nigeria.
In a recent announcement, Devakumar V.G. Edwin, Vice President of Oil & Gas at Dangote Group, revealed that the Nigerian National Petroleum Company Limited (NNPCL) has requested a permanent office presence at the Dangote Refinery as part of a significant crude oil agreement. Speaking during a Twitter Space session organized by Nairametrics, Edwin explained that NNPCL intends to station a team of six to ten personnel at the refinery.
"They’ve asked us to provide office space for them since they will be supplying the crude, overseeing the production, and buying back the products in Naira," Edwin stated. This development underscores a collaborative effort between the two entities aimed at enhancing the efficiency and reliability of crude oil production in Nigeria.
The request for a permanent presence at the Dangote Refinery comes at a critical time when Nigerians are hopeful that the refinery's production and sale of petrol could alleviate some of the economic hardships faced by the population. With rising fuel prices and ongoing economic challenges, the establishment of this partnership is seen as a positive step towards stabilizing the oil market.
As NNPCL integrates its operations into the refinery, industry observers anticipate that this collaboration may lead to increased production efficiency and potentially lower fuel prices for consumers. The move reflects a broader strategy to bolster local production capabilities and support the Nigerian economy amidst ongoing global oil market fluctuations.
