Posts Tagged ‘Offshore Processing Arrangement’

NNPC Reforms, Cancels Bids For Refining Crude Oil Abroad

Nigerian National Petroleum Corporation (NNPC) has cancelled all bids submitted by 44 firms for the refining of Nigeria’s crude oil abroad. The NNPC has also adopted a new regime of direct crude sale and purchase of petroleum products. The NNPC formerly operated the Offshore Processing Arrangement (OPA), also known as crude swap, where crude Oil meant for domestic refining is […]