NNPC EXTENDS CRUDE OIL SWAP TO APRIL

-          The timeline for product sourcing agreement for Direct- Sale-Direct-Purchase (DSDP), agreement have been shifted to April 2016.

-          The DSDP is supposed to replace the crude oil as a product swap programme.

-          Nigerian National Petroleum Corporation made the extension approval following nullification of the stop date for interim crude for product swap agreement it set up in 2015.

-          The new shift in date is second time of NNPC’s effort to sustain the agreement, after previous move in December 2015.

                         CULLED FROM GLOBAL POST