Atiku Urges Caution in Dangote-NUPRC Crude Supply Dispute

The New Diplomat
Writer

Ad

Oil Prices Aren’t Likely To Rise Anytime Soon

Analysts surveyed by Reuters expect Brent Crude to average $67.65 per barrel and WTI Crude to average $64.65 per barrel this year, with slight adjustments from previous forecasts. Factors contributing to the subdued oil price outlook include rising supply from OPEC+ and non-OPEC+ producers, slowing demand growth post-summer, and uncertainties from U.S. trade policies. Major…

US denies visas for Palestinian officials before UN assembly

The administration of United States President Donald Trump has announced it is denying and revoking visas for members of the Palestine Liberation Organization (PLO) and the Palestinian Authority (PA) before the United Nations General Assembly (UNGA) in September. The announcement was made in a statement released by the US Department of State on Friday. “The…

2027: Crack as Tinubu’s Northern ally, Senator Marafa Dumps APC, accuses president of betrayal, neglect

By Obinna Uballa A major crack has emerged in President Bola Tinubu’s Northern political base as a key stakeholder and former Zamfara Central Senator, Kabiru Garba Marafa, together with his supporters, have all resigned from the All Progressives Congress (APC), accusing the president of betrayal and neglect. Marafa, who reportedly coordinated the Tinubu/Shettima Campaign Organisation…

Ad

By kawaekwune Jeffrey

Former Vice President Atiku Abubakar has urged the federal government to tread carefully amidst the escalating dispute between the Dangote Refinery and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over crude oil supply obligations.

In a series of posts on his X (formerly Twitter) handle on Saturday, Atiku highlighted the importance of ensuring the success of the 650,000-barrel-per-day refinery, which is a critical project for Nigeria’s energy and foreign exchange needs.

Just as parents diligently prepare for the arrival of a child, we must ensure the proper nurturing of the Dangote Refinery,” Atiku remarked. “We must be cautious of any efforts that may hinder the progress of this significant private sector project, which holds great promise for our nation’s economic future.

Atiku called on Nigerians to support the refinery’s progress and to be vigilant against both internal and external factors that could undermine the project’s potential benefits.

The crude supply crisis at the Dangote Refinery intensified on recently when the Dangote Group accused the NUPRC of not adequately enforcing domestic crude supply obligations. The group alleged that despite commitments, the refinery had not received the crude oil supplies due.

In response, the NUPRC claimed it had facilitated the supply of over 29 million barrels of crude oil to the Dangote Refinery between January and June 2024. However, Dangote Refinery countered this assertion, stating that it had not received any such amount of crude.

The ongoing dispute has raised concerns about the impact on the refinery’s operations and the broader implications for Nigeria’s energy sector. As tensions rise, stakeholders are calling for swift resolution to prevent further escalation.

Ad

X whatsapp