Wednesday 2 September 2015

STAKEHOLDERS SEEK ABOLITION OF OIL SWAP DEALS

crude-oil-CopyStakeholders in the energy industry have endorsed the cancellation of crude oil swap contracts, as well as Offshore Processing Contracts (OPA), which the Nigerian National Petroleum Corporation (NNPC) entered with traders, under the previous administration of President Goodluck Jonathan.

The cancellation was however scripted to replace the former contractors as the corporation had invited seven firms to bid for the scheme.

Read more @ The Guardian

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