Direct-sale, direct-purchase to replace crude swap arrangement − Kachikwu

03 February 2016, Abuja – The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has said that the crude-for-products exchange arrangement popularly referred to as crude swap will be replaced by a Direct-Sale–Direct-Purchase arrangement which would take off next month. Kachikwu disclosed this when he appeared before […] More »