THE NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) RELEASES 2019 GUIDELINES FOR CRUDE OIL SWAP CONTRACT

The Nigerian National Petroleum Corporation (NNPC) Wednesday unveiled the guidelines for its crude oil-for-product swap programme, known as the Direct Sale and Direct Purchase (DSDP) scheme. The corporation in a tweet message on its official twitter handle @NNPCgroup, disclosed that it will engage qualified refineries, oil traders, as well as local downstream operators in the 2019 DSDP programme.

NNPC did not state the volume of crude oil it would put into the DSDP programme but usually alloca