Shell, ExxonMobil renew interest in downstream with NNPC’s crude swap deal
Barely few years after officially exiting petroleum downstream operations, strong indications have emerged on the readiness of exploration giants, Shell and ExxonMobil to make a comeback. The return mission is being driven by mouth-watering offering coming by the Nigerian National…
Shocks as NNPC issues 2-year crude lifting contracts to traders rather than usual one
Though the Nigerian National Petroleum Corporation (NNPC) is yet to make it public, indications have emerged that it has issued crude export contracts that are expected to last two years instead of the usual one year. An initial preliminary list,…
