Dangote, NNPC Seal Strategic Fuel Provide Agreements

In the direction of assembly the vitality calls for of their ongoing enlargement tasks, three subsidiaries of Dangote Industries Restricted, Dangote Petroleum Refinery, Dangote Fertiliser Plant and Dangote Cement Plc have scaled up their Fuel Gross sales and Buy Agreements (GSPA) with subsidiaries of the Nigerian Nationwide Petroleum Firm Restricted (NNPC Ltd): Nigerian Fuel Advertising Restricted and NNPC Fuel Infrastructure Firm Restricted (NGIC).

The upscaled Provide Agreements will assist to drive the conglomerate’s Imaginative and prescient 2030, leading to elevated output, higher and cleaner vitality provide in addition to assist ongoing enlargement tasks. The Agreements have been signed on the unveiling of the NNPC Fuel Grasp Plan (GMP) 2026, tagged NGMP 2026 held on the NNPC Towers weekend in Abuja.

Managing Director and Chief Govt Officer of Dangote Petroleum Refinery, Mr. David Chook, signed on behalf of the refinery, whereas the Group Managing Director of Dangote Cement Plc, Mr. Arvid Pathak, signed on behalf of the cement firm. Mr. Mustapha Matawalle signed on behalf of Dangote Fertiliser FZE.

CEO of Dangote Petroleum Refinery, David Chook talking on the signing ceremony stated that the settlement demonstrates the refinery’s daring steps to broaden its capability. In line with him, the agreements mark a crucial milestone within the enlargement drive in addition to a proactive measure to lock in huge vitality necessities for the anticipated improve in its manufacturing capability.

In line with Pathak, the settlement signing serves as an enabler of DCP’s strategic goals. The settlement ensures the gasoline required to assist the drive in the direction of CNG adoption as Autogas and to satisfy the growing gasoline demand as manufacturing capacities in Nigeria are expanded. It additionally promotes the adoption of cleaner gasoline for each Autogas via CNG and gasoline to assist elevated manufacturing output.

For Dangote Fertiliser FZE, it’s anticipated the settlement will assist the corporate’s fertiliser capability enlargement tasks, provided that fertiliser is a product of pure gasoline.

In the meantime, talking on the occasion, the Minister of State for Petroleum Assets (Fuel), Rt. Hon. Ekperikpe Ekpo, described the Fuel Grasp Plan as a deliberate pivot from coverage articulation to disciplined execution, anchored on business viability and built-in sector-wide coordination.

He stated: “Right now’s launch just isn’t merely the revealing of a doc; it represents a deliberate shift in the direction of a extra built-in, commercially pushed, and execution-focused gasoline sector, aligned with Nigeria’s improvement aspirations. Nigeria is basically a gasoline Nation. With one of many largest confirmed gasoline reserves in Africa, our problem has by no means been potential, however translation: translating assets into dependable provide, infrastructure into worth, and coverage into measurable outcomes for our financial system and our individuals. The Fuel Grasp Plan speaks on to this problem.”

Hon. Ekpo additional famous that the Plan’s robust give attention to provide reliability, infrastructure enlargement, home and export market flexibility, and strategic partnerships aligns seamlessly with the Federal Authorities’s Decade of Fuel Initiative, positioning pure gasoline because the spine of Nigeria’s vitality safety, industrialisation, and simply vitality transition.

In his deal with, the Group Chief Govt Officer, NNPC Ltd, Engr. Bashir Bayo Ojulari, described the NNPC Fuel Grasp Plan 2026 as a daring, efficient execution-anchored roadmap designed to unlock Nigeria’s immense gasoline potential and elevate the nation right into a globally aggressive gasoline hub.

Ojulari famous that with about 210 trillion cubic toes (Tcf) of confirmed gasoline reserves and an upside potential of as much as 600 Tcf, Nigeria possesses one of the vital consequential hydrocarbon basins on this planet; one bolstered by the Petroleum Business Act (PIA) and the Federal Authorities’s gas-centric vitality transition agenda.

“The Plan is structured not simply to ship – however to exceed- the Presidential mandate of accelerating nationwide gasoline manufacturing to 10 billion cubic toes per day by 2027 and 12 billion cubic toes per day by 2030, whereas catalysing over 60 billion {dollars} in new investments throughout the oil and gasoline worth chain by 2030.”

He defined that the Plan prioritises value optimisation, operational excellence, and systematic development of assets from 3P to bankable 2P reserves, whereas strengthening gasoline provide to energy technology, CNG, LPG, Mini-LNG, and significant industrial off-takers.

Reaffirming his private dedication as Chief Sponsor of the initiative, the NNPC Ltd GCEO careworn that the Firm has adopted a extra collaborative, investor-centric method in shaping the NGMP 2026, with robust alignment to trade stakeholders, companions, and traders.