Wednesday 9 December 2015

CRUDE CONTRACTS: NNPC SHUNS REPS ORDER ON PRESIDENTIAL APPROVAL

The Nigerian National Petroleum Corporation has yet to provide document from the Presidency authorising it to trade 445,000 barrels of crude oil under its Refined Product Exchange Agreement contracts.
 
Otherwise known as SWAP, the transactions involved the exchange of crude oil for refined petroleum products in which the corporation gave out 445,000 barrels of crude daily to trading companies.
 
 
 

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