- Nigeria’s refineries may face a drought of crude oil supply as NNPC continues to battle crude swap loans
- The NNPC has reportedly pledged 272,500 barrels daily of crude oil in several oil swap deals, which may affect local supplies
- Experts believe that the development could lead to crude oil supply challenges for the three functional refineries in Nigeria
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
The Nigerian National Petroleum Company Limited may continue servicing debt related to its crude-for-loan deal until 2029 as the demand for oil by local refineries rises.
