The Nigerian National Petroleum Corporation (NNPC) has opened talks with the African Export and Import Bank (Afrexim Bank) on funding of the repair of Nigeria’s refineries in Warri, Kaduna and Port Harcourt. A statement yesterday by the corporation said the bank’s possible funding of other key downstream and midstream infrastructure projects of the NNPC was […]

The Nigerian National Petroleum Corporation (NNPC) yesterday released names of shortlisted local and international trading and downstream oil companies for the highly sought-after contracts to exchange crude oil for imported fuel. NNPC’s crude swap deals, known as Direct Sale-Direct Purchase Agreements (DSDP), were previously referred to as offshore crude oil processing agreements (OPAs) and crude-for-products […]

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