The Nigeria National Petroleum Corporation (NNPC), has concluded plans to enter into new crude for oil products swap agreements with Total, Varo Energy, Cepsa and ENI, Leadership reports.
The Federal government, through the NNPC, will engage the companies for the swap deal in February.
The head of NNPC’s crude marketing unit, Mele Kyari said the government was deviating from the former “offshore processing” agreements as they are directly with refineries who can use the crude to produce the oil products the country needs.
