We lack capacity to supply Dangote Refinery 700,000bpd, FG admits

•PSC, royalties, contracts limit availability 
•Rules out discounted crude for refiners
By Adewale Sanyaolu
The Federal Government has admitted that Nigeria lacks sufficient freely available crude oil to meet the Dangote Petroleum Refinery’s daily requirement of 700,000 barrels, despite efforts to increase production and curb oil theft.
Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, made the disclosure during an interview on Channels Television’s Politics Today at the weekend.   The disclosure comes amid renewed debate over government intervention in the petroleum market, with proposals for production subsidies, the 30-days petrol discount and o...