The Nigerian National Petroleum Corporation may have set up four new crude oil swap contracts to replace those cancelled last month vital for bringing in about half of the country’s domestic fuel demand, industry sources have said.
The NNPC, under the leadership of Dr. Ibe Kachikwu, had on August 26 announced the cancellation of the contract for the delivery of crude oil to the nation’s refineries in Warri, Port Harcourt and Kaduna.
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