Dangotes Crude Supply Under Threat Due to Federal Government Cuts

The Nigerian National Petroleum Corporation (NNPCL) may cut its crude supply to Dangote's refinery from 300,000 barrels per day due to potential changes in allocation. The move could impact the refinery's operations.

The Nigerian National Petroleum Corporation (NNPCL) may significantly reduce its crude oil supply to the Dangote Petroleum Refinery, from its current allocation of 300,000 barrels per day. This move could be a result of the Federal Government's efforts to manage the nation's oil production and pricing strategy. If the situation worsens, the government's oil supply to the Dangote plant could decrease further. The development is part of the government's broader efforts to stabilize the country's oil market and curb inflation.