CRUDE-FOR-FUEL DEAL ON TILL 2023, SAYS NNPC

Written by on September 3, 2019

The Nigerian National Petroleum Corporation says the crude-
for-fuel swap deal will continue because the refineries are not
functional.
Group Managing Director of NNPC Mele Kyari, said the deal
will persist until the refineries are fixed in 2023.
Kyari said the Direct Sale, Direct Purchase is a child of
necessity and not a permanent arrangement and anytime, NNPC
is able to meet the domestic petroleum products requirement,
DSDP will go away.
The latest round of the swap deal, known as Direct Sale, Direct
Purchase will run until September next year and then be
extended.
The NNPC began the swap deal more than six years ago as a
stop-gap to curb petrol shortages as it tried to revamp the
refineries.
Kyari said the measure will continue until 2022-23, and this
year’s programme, NNPC is looking for 14 billion litres


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