Nigeria is in talks with the Dangote Refinery to increase a contract to promote crude in native foreign money to the plant, the most important in Africa.
“Discussions are presently ongoing in direction of emplacing a brand new contract,” the Nigerian Nationwide Petroleum Firm Ltd. mentioned in an announcement late Monday. The settlement, first signed in October, expires on the finish of March.
It was put in place to cut back stress on the naira and enhance provide of crude to the enormous Dangote Refinery, which has a capability to course of 650,000 barrels of crude day by day.
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Not less than 48 million barrels of crude has been equipped to the refinery because the settlement was signed and in mixture greater than 84 million barrels since its graduation of operations in 2023, the NNPC mentioned.
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