The Nigerian National Petroleum Company Limited (NNPC Ltd) has addressed reports alleging unilateral termination of the crude oil sales agreement in Naira between NNPC and Dangote Refinery.
The chief corporate communications officer of NNPC Ltd, Olufemi Soneye, in a statement on Monday, made this known in reaction to the reports.
In its statement Monday evening, the NNPC Ltd said the contract for the sale of crude oil in Naira was structured as a six-month agreement, subject to availability, and expires at the end of March 2025.
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