Nigeria petrol deals highlight weaknesses
In depth
Issue 397
- 26 Jul 2019
| 6 minute read
Nigerian National Petroleum Corporation (NNPC) has awarded direct sale-direct purchase (DSDP) contracts to 15 consortia grouping more than 30 energy companies, oil traders and politically well-connected Nigerian partners. The contracts are effectively a swaps arrangement where NNPC supplies export crude to companies which in exchange supply NNPC with a similar amount in value of gasoline and diesel to be imported into Nigeria. The companies have won access to up to 300,000 b/d of NNPC’s crude exports in exchange for supplying gasoline and diesel to Africa’s largest fuels import market.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register