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

11/14/2024

Nigeria's state oil firm, NNPC Ltd. said on Wednesday one of its subsidiaries has agreed to supply 100 MMft³d of gas to the Dangote oil refinery for the next 10 yr.

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.