The Nigerian National Petroleum Company Limited has provided clarification to its naira to crude swap agreement with Dangote refinery and other local refineries.

Preliminary analysis indicates substantial oil and gas volumes', a statement posted on FIRST E&P's website said.

The newly formed company will streamline crude oil, refined products and LNG shipping ... Managing Director of NNPC Shipping, said in a statement. Erik Hånell, President & CEO of Stena Bulk ...

Nigeria's state oil company NNPC Ltd has begun discussions with the Dangote Oil Refinery to extend its contract for supplying crude oil in the naira currency, the company said. The original six-month ...

Also speaking, Head of Stena Bulk USA, Johan Jäwert said, “We look forward to developing shipping activities locally with Caverton and benefiting from NNPC’s strong position in the oil market.

However, NNPC confirmed that the incident did not affect operations at the flow station in the vicinity. According to the state-owned oil firm, no lives were lost during the incident.

Group Chief Executive Officer of NNPC Ltd, Mele Kyari has said that the world recognises Africa as the next destination of providing greater support to the global energy market, recognising Nigeria’s ...