As the Nigerian National Petroleum Company Limited (NNPC) prepares to commence lifting Premium Motor Spirit (PMS) from the Dangote Refinery starting September 15, 2024.

There are, however, claims that there is no formal agreement has been reached between the two entities.

Punch reports that both the NNPC and Dangote Refinery have yet to finalize the quantity and pricing of the petrol to be lifted.

A source quoted at the Dangote refinery said that there is no documentation from NNPC and NMDPRA on product lifting.

He said: "Nobody has spoken to us that they want to pick up PMS on September 15."

Earlier, Legit.ng reported that Adedapo Segun, the Executive Vice President of Downstream at NNPC Ltd, stated that NNPC was awaiting the September 15 timeline provided by the refinery.

However, NNPC disclosed in a statement on Saturday, September 7, 2024, that it would only buy Dangote petrol if it sold cheaper than the international market price.

Dangote may export

In what looks like a response, the Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, said Dangote petrol would be exported if the NNPC and other marketers refuse to patronize it.

He acknowledged that there were attempts to block the lifting of products from the Refinery and stated that the firm would resort to exporting PMS as much as possible.

He expressed surprise that the gigantic Refinery began to face unforeseen challenges when it was set to start operations.