NNPC in $1.5bn Oil Prepay Deal with Two World Oil Traders

Nigeria’s state oil firm NNPC has signed a $1.5 billion prepayment deal led by Standard Chartered (STAN.L) and backed by oil traders Vitol Group and Matrix Energy, two sources close to the matter said, the first such agreement since the coronavirus pandemic, Reuter reports.

The deal provides OPEC-member Nigeria with much-needed

Read more here - https://www.orientenergyreview.....com/oil-and-gas/176
#oilandgas #africa #localcontent #energy #power