Oil and Gas

Crude-for-loans: NNPCL allocates 8m barrels monthly for $8.8bn debt 

The Nigerian National Petroleum Company Limited has committed to delivering 272,500 barrels of crude oil per day through various crude-for-loan agreements worth $8.86 billion. This translates to approximately 8.17 million barrels per month allocated for these loan deals, as indicated by an analysis of reports from the Nigeria Extractive Industries Transparency Initiative and NNPC’s financial […]