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Tags: NNPC

Vitol signs COA with NNPC subsidiary NIDAS for shipping Petrol to Nigeria

Vitol signs COA with NNPC subsidiary NIDAS for shipping Petrol to Nigeria

Vitol has signed a contract of affreightment with NIDAS Shipping Services to ship petrol to Nigeria during the second quarter as part of its crude-for-product swap deal with Nigerian National Petroleum Corp. NIDAS, a London-based subsidiary of NNPC, said the contract would run from April to June in parallel with the swap deal. This is… READ MORE

Africa’s gas reserves hit 614trn cubic feet

Africa’s gas reserves hit 614trn cubic feet

Africa’s huge gas reserves currently stood at about 614 trillion cubic feet, even as Nigeria had the continent’s largest reserves with 199 trillion cubic feet , Algeria (159 trillion cubic feet) and Mozambique (100 trillion cubic feet) occupying the second and third positions respectively, the Group Managing Director of the Nigerian National Petroleum Corporation, Dr.Maikanti… READ MORE