Thursday 24 May 2018
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africanews
9 days ago

Driving local content or politicking: Nigeria gives oil deals to local firms as vote looms

State oil firm NNPC has awarded 50 companies with contracts to buy Nigerian crude and more than half of them are local firms, foreign and Nigerian trading sources said. Of the total, 32 were local companies, doubling the number of awards to Nigerian firms compared to 2017. NNPC also awarded contracts to supply crude to 12 governments, although it was not clear how many of the deals would be handled by the companies already on the list of awards. NNPC awards the oil purchase contracts annually, but sou

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