Thursday, 14 November 2024 04:46

NNPC signs 10-year gas sale deal with Dangote Refinery

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NNPC signs 10-year gas sale deal with Dangote Refinery

Nigeria's state oil firm, NNPC Ltd said on Wednesday one of its subsidiaries has agreed to supply 100 million standard cubic feet of gas per day to the Dangote oil refinery for the next 10 years.

Financial details were not disclosed.

Under the agreement, NNPC Gas Marketing Limited will supply the refinery built by Nigerian billionaire Aliko Dangote in Lagos with natural gas for power generation and feedstock. The contract has options for renewal and additional supply.

NNPC, Africa's biggest oil producer, is seeking to promote domestic gas consumption for industrial growth.

 

Reuters

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