NNPC Fails to Supply Crude Oil to Edo Refinery
The Edo Refinery has raised an alarm that the Nigerian National Petroleum Corporation NNPC Limited has refused to supply the much needed crude oil for its to start producing petroleum and other products.
The complaint of the refinery corroborates what the Dangote Industries has been saying. The Lekki-based company has accused the NNPC Limited of frustrating its efforts to produce petroleum for Nigerians locally.
A representatives of the Edo Refinery management, Segun Okeni raised the alarm saying that the company wa struggling to work because of unavailability of the raw material.
He said, “On 18th August 2021, our team led by our chairman, met with the NNPCL CEO and its top management team to discuss our intention to buy crude oil from NNPCL and we immediately wrote seeking crude supply. The letter was dated 22 July 2022.”
He continued, “In July 2022, the representatives of NNPC (from HQ Abuja and NPDC Benin) visited our facility for site inspection and to confirm the mechanical completion of the Edo refinery.
“In September 2022, we were invited for a commercial negotiation meeting with the NNPCL Head of terms, after which we sent a follow-up letter identifying the oil fields from which we can offtake crude oil.
“In March 2022, we also wrote to the Ministry of Petroleum Resources, informing it of our refinery status, future projects and our challenges of lack of crude oil supply to our refinery.
“We had also written and had a meeting with the NNPC Exploration and Production Limited (NEPL) between November 2022 and March 2023, indicating our severe need for crude oil supply from oil fields where NEPL has equity stakes.”
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