Nigeria Has Saved $500 million With New Oil Swap Deal — NNPC Boss, Maikanti Baru

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NNPC had in 2016 replaced the offshore processing arrangement (OPA) and crude oil swap – contracts through which it imports petrol to the country – with the DSDP arrangement. It cancelled the deal after heavy criticism trailed the contracts whose terms short-changed Nigeria. 128 companies comprising locals- MRS, Aiteo, Conoil, Shoreline and foreign oil trading companies- Gunvor, Shell, Trafigura among others submitted bids for the latest round of the DSDP which is scheduled to last for the next one year, stating from 1st April this year. About 800,000 barrels per day of crude is said to be available for the latest programme. Baru explained that the DSDP has helped greatly in the stabilization of products supply to the nation since its inception. For Adverts Placement Or Free News Updates, Contact Us On WhatsApp: 08083609209. Email editor@skytrendnews.com To Publish Your Articles. ]]>