NNPC finalising $6bn worth of oil-for-product swaps

’Femi Asu with agency report

The Nigerian National Petroleum Corporation is in the final stage of signing $6bn worth of deals to exchange more than 300,000 barrels per day of crude oil for imported petroleum products, Reuters quoted sources with direct knowledge of the process as saying.

The NNPC called for tenders in January for the lifting of crude oil in return for the delivery and supply of petroleum products under the direct sale of crude oil and direct purchase of petroleum products model.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: