Tag Archives: Offshore

NNPC Cancels Offshore SWAP Deal

NNPC Cancels Offshore SWAP Deal

The Nigerian National Petroleum Corporation on Thursday announced the cancellation of the Offshore Processing Agreements entered Into in January 2015, with three companies namely, Duke Oil Company Inc., Aiteo Energy Resources Limited and Sahara Energy Resources Limited. The deal, initiated by the Jonathan administration, saw the NNPC allocate 210,000 barrels per day of crude oil

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