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 the third COA NIDAS has won since it resumed charter operation in October after a seven-year hiatus.

Previously, BP and the State Oil Co of the Azerbaijan Republic also sealed their respective COAs with NIDAS to ship clean petroleum products to Nigeria in swap deals.

Source: Trade Winds

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