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NNPC awards crude oil offtake contracts
Nigerian National Petroleum Corporation (NNPC) has awarded contracts to 39 companies for crude oil offtake in 2017–2018. According to Global Energy Research, 18 Nigerian companies secured contracts, 11 traders, five foreign refiners, three government-backed companies and two trading units of NNPC. All of the contracts are for 32,000 b/d, apart from NNPC’s Panama-registered Duke Oil unit, which won a deal for 90,000 b/d. Meanwhile, NNPC has reiterated its intent to proceed with two new LNG projects in Nigeria – Brass LNG and OK LNG – describing both as ‘priority ventures’.
News Item details
Journal title: Petroleum Review
Subjects: Economics, business and commerce, Crude oil, Liquefied natural gas, Onshore exploration
