English>

Market News

Nigeria's NNPC signs 10-year gas sale deal with Dangote Refinery - REUTERS

NOVEMBER 14, 2024

LAGOS, Nov 13 (Reuters) - 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.

The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

Reporting by Isaac Anyaogu; Editing by Richard Chang

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics