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Tag "Crude oil swap contracts"

Report: NNPC begins cash payments for petrol imports

The Nigerian National Petroleum Company (NNPC) Limited has started buying petrol via cash tenders, rather than oil swaps, Reuters is reporting. The previous swap arrangement, known as direct sale, direct

Report: Nigeria owing Vitol, BP $3bn for crude oil swap contracts

Nigeria is reportedly owing about $3 billion to trading houses and oil majors for crude oil swap arrangements, through which the country imports petroleum products. The country is also said

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