The Nigerian National Petroleum Company Limited (NNPCL) has disputed a Federation Account Allocation Committee (FAAC) report that recorded no domestic crude oil sales in July 2026, saying it supplied more than eight million barrels to Dangote Petroleum Refinery during the month.
The disagreement centres on differences between the figures presented by NNPCL and those documented by FAAC’s technical sub-committee in a report dated October 14, which reviewed crude oil and gas sales, receipts and payments for July.
According to the committee’s report, an NNPCL representative said the company exported 1.27 million barrels of crude oil in July, with a reported sale value of ₦149.6 billion ($112.38 million).
However, the committee recorded no domestic crude oil sales for the month, a position that contrasts with NNPCL’s account of supplies to local refining operations.
NNPCL spokesperson Andy Odeh said the national oil company remained committed to national energy security and the provisions of the Petroleum Industry Act (PIA), adding that it continued to supply crude oil to domestic refineries, including Dangote Petroleum Refinery.
Odeh said NNPCL supplied 8,166,170 barrels of crude oil to Dangote Refinery in July, challenging the impression that no domestic crude deliveries took place during the period.
He added that NNPCL had maintained sales and purchase agreements with the refinery since 2023. The current two-year agreement began in August 2025 and remains in force, with renewal expected upon expiration.
According to the spokesperson, crude supplied under the arrangements comes from NNPCL’s upstream subsidiaries, including NNPCL Upstream Investment Management Services (NUIMS) and NNPCL Exploration and Production Limited (NEPL), as well as third-party suppliers of Nigerian and international crude.
He said transactions are conducted in both naira, in line with the Federal Government’s policy initiative, and US dollars.
Beyond the reported export sales, FAAC’s technical sub-committee said NNPCL received ₦40.04 billion ($30.06 million) from crude exports during July. Miscellaneous crude receipts were put at ₦12.28 million ($9,222).
The report also recorded export gas sales of 6.57 million metric tonnes, valued at ₦19.44 billion ($14.59 million), according to the NNPCL representative’s submission.
Receipts from export gas sales during the month amounted to ₦7.11 billion ($5.34 million), while miscellaneous gas receipts stood at ₦24.13 million ($18,116).
For domestic gas, the committee said NNPCL reported sales of 1.25 million metric tonnes in July, valued at ₦2.23 billion. However, it recorded no receipts from those domestic gas sales during the period.
The figures highlight differences between reported sales values and cash receipts across the crude and gas transactions documented by the committee.
NNPCL had yet to respond to enquiries about the discrepancies between the value of products sold and the payments received, according to the report.
The contrasting accounts of domestic crude supply also leave questions about how the FAAC figures relate to deliveries reported by NNPCL. The committee’s record of zero domestic crude sales does not, by itself, establish that no physical crude deliveries occurred, while NNPCL’s reported supply figure does not explain the accounting difference.
The reconciliation of sales, deliveries and receipts will therefore be necessary to clarify the figures recorded for July and their implications for petroleum revenue reporting.