Libya’s National Oil Corporation (NOC) has categorically denied reports of ongoing negotiations to supply crude oil to a refinery in Nigeria.
The statement, issued on Sunday via social media platform X, directly contradicts claims made by a senior executive at Nigeria’s Dangote refinery last week.
The executive had told Reuters that the 650,000 barrels per day plant was in discussions with Libya to secure a steady crude oil supply.
However, NOC has firmly dismissed these claims, emphasizing its commitment to existing contracts with international partners.
The state-owned oil company further clarified its stance on crude oil sales, asserting that it strictly adheres to legal mechanisms and does not engage in spot sales.
NOC’s daily crude oil production currently stands at 1.28 million barrels per day.
The discrepancy between the two parties’ statements has introduced uncertainty into the global oil market, with implications for both Libya and Nigeria.
As the situation unfolds, the industry will be watching closely for further developments.
