The Nigerian National Petroleum Company Limited has intensified efforts to ensure a steady crude oil supply to the Dangote Petroleum Refinery as part of moves to stabilise fuel availability across the country, especially with Brent hitting $108 per barrel.
This comes amid heightened global oil market volatility occasioned by tensions in the Middle East and growing reliance on local refining to meet Nigeria’s petroleum product demand.
Speaking during a webinar hosted by the Major Energies Marketers Association of Nigeria, the Managing Director of NNPC Retail Limited, Hubb Stokman, said the national oil company remains central to ensuring supply security through its statutory role.
Stokman explained that the company is working closely with the Nigerian Midstream and Downstream Petroleum Regulatory Authority and other stakeholders to guarantee an uninterrupted supply of crude and refined products nationwide.