Libya’s National Oil Corporation (NOC) has categorically denied reports of ongoing negotiations to supply crude oil to Nigeria’s Dangote refinery.
The statement, issued on Sunday via social media, contradicts claims made last week by a senior executive at the Nigerian refinery.
The executive had indicated that Dangote was in discussions with Libyan officials to secure crude oil for its massive 650,000 barrels per day plant.
However, NOC has firmly dismissed these claims, asserting that no such talks are taking place.
In its statement, NOC emphasized its commitment to existing contracts with international partners.
The corporation also underscored its adherence to legal frameworks for selling Libyan crude oil, explicitly ruling out any involvement in spot sales.
Libya’s current oil production stands at 1.28 million barrels per day, according to NOC figures.
The discrepancy between the two parties’ statements has raised questions about the potential for future negotiations or the nature of the earlier discussions.
As the situation unfolds, the oil market will be watching closely for any further developments.