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Crude-for-product swap deal awarded by NNPC
Aug. 19, 2019
Source: Reuters

Crude-for-product swap deal awarded by NNPC

The state oil company of Nigeria, NNPC has informed that following the tender lead, 15 companies have won the right to swap the nation’s crude oil for fuels. Currently, Nigeria is solely reliant on imported fuel. The firm also said that the comapnies that have won are a consortium of 15 companies including Vitol [VITOLV.UL], Trafigura [TRAFGF.UL], oil major BP and local downstream companies.

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