While there is no publicly disclosed specific agreement between Dangote Refinery and a company strictly named "Midland Cosmos Ltd," this draft is modeled on the current 2026 regulatory framework and Dangote’s 2026 expansion strategy.
Regulatory Partnership Standard
1. Strategic Objective
To establish a collaborative framework for the supply, refining, and distribution of petroleum products, ensuring compliance with the Petroleum Industry Act (PIA) 2021 and the 2026 NUPRC/NMDPRA "Synergy Roadmap".
2. Scope of Collaboration
Crude Feedstock Supply: Alignment with domestic crude oil supply obligations to ensure the refinery reaches its 2026 expansion target of 1.4 million barrels per day (mbpd).
Product Offtake & Distribution: Utilization of Midland Cosmos Ltd’s logistics for the efficient distribution of PMS, Jet A1, and Dual Purpose Kerosene (DPK) to domestic and regional markets.
Technical Benchmarking: Integration of international standards, such as Euro V specifications, across all refined products to facilitate exports to Europe and the US.
3. Regulatory Compliance & Quality Assurance
Standard Verification: All products must undergo independent verification by the NMDPRA to confirm quality and daily production capacity.
Environmental Standards: Operations must comply with the 2023 Gas Flare, Venting & Methane Prevention Regulations and international ESG standards.
Local Content: Adherence to the NCDMB’s 2026 reporting templates, targeting 70% Nigerian Content by 2027.
4. Operational Mechanisms (2026 Provisions)
Transparency: Mandatory daily publication of production and stock volumes online and in print media.
Financial Terms: Implementation of flexible credit windows (e.g., 10-day bank-guaranteed cycles) and potential for dividend payouts in US dollars following the refinery's planned 2026 IPO.
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