Nigerian president orders review of crude oil for gasoline deals

President Muhammadu Buhari has instructed state oil company Nigerian National Petroleum Corporation to review its crude for oil products swap contracts and offshore processing agreements with trading companies that may have cost the country millions of dollars in lost revenue and refined product supply, a government statement said Tuesday.

"The president, in line with his promise of reforms in the oil sector and instill transparency and accountability, has directed the Nigerian National Petroleum Corporation to review existing agreements with oil trading companies on the crude oil swap for petroleum products," presidential spokesman Garba Shehu said in the statement. Read more...

Source: PennEnergy.com