Tuesday 26 January 2016

WE’LL QUIZ KACHIKWU OVER CRUDE SWAP DEALS –REPS

The House of representatives said on Monday that the current Minister of Petroleum Resources would be invited to answer questions on the controversial Refined Product Exchange Agreement contracts executed by the Nigerian National Petroleum Corporation and its subsidiary, the Pipelines Product Marketing Company, between 2011 and 2015.
 
Otherwise known as SWAP, the deals involved the exchange of crude oil for refined petroleum products in which the corporation gave out part of its 445,000 barrels daily share of crude to trading companies.
 

No comments:

Post a Comment