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No change to term contracts as Jonathan gears up for polls

There was no change in the system of awarding term crude lifting contracts for Nigerian National Petroleum Corporation (NNPC)’s oil in the run-up to the April elections, with the usual raft of well-connected local traders joining government and international company lifters being appointed to trade some 1.51m b/d from 1 May 2011 in deals valued at some $32bn.

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African Energy Gulf States Newsletter