Dangote Renews Naira for Crude Deal with NNPCL as Oil Worker Reach Agreement with Dangote
The Nigerian National Petroleum Limited (NNPCL) has renewed its agreement with Dangote Refinery to supply crude oil in Naira.
The two organisations announced they have signed a fresh two-year crude supply contract that will see the NNPCL supply crude oil to the Dangote Refinery.
The new development was through information shared by the NNPC’s chief corporate communications officer, Andy Odeh.
Part of the statement read, “In line with the FGN Crude for Naira initiative, NNPC Limited has continued to allocate crude to Dangote refinery in naira for the sale of products in the domestic market
“On the basis of the above, NNPC Limited, DPRP (Dangote Petroleum Refinery and Petrochemical), and NMDPRA periodically reconciles the volume and cost of product supplied in naira commensurate with the crude delivered.
“NNPC and DPRP have negotiated and in August signed a new Sales and Purchase Agreement for a tenure of two years.
“The company allocated three naira crude cargoes to the refinery in August and five cargoes for September and October.”
The Dangote Refinery had last week announced the suspension of the sale of petrol in Naira, bu the Naira for Crude Technical Committee of the government swiftly intervened, according to NNPCL sources. The intervention eventually activated the new agreement.
Meanwhile, the protracted labour dispute between the Dangote Refinery and Oil and Gas workers unions have been resolved as the parties reached agreement on Monday night.
Part of the communique reached at the tripartite negotiation meeting are that, the Dangote Group would immediately start the reabsorption of sacked workers, and PENGASSAN would suspend the strike and end workers’ victimisation.
“Reabsorption of Workers: The Dangote Group management will immediately start the process of taking the disengaged staff to other companies within the Dangote Group, with no loss of pay,” the communique read.
“No Victimisation: Both sides agreed that “no worker will be victimised arising from their role in the impasse.”
Consequently, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) announced that it was shelving its earlier scheduled strike action over the sack of its members by the Dangote Refinery.
Confirming the latest development, the Minister of Labour and Employment, Muhammad Dingyadi, said that the warring parties have reached a truce.
