To sustain the prevailing unimpeded nationwide supply and distribution of petroleum products, the Nigerian National Petroleum Corporation, NNPC, has signed an interim Offshore Processing Agreement, OPA, with three of its joint venture companies, namely; Duke Oil, Carlson and Napoil, to boost the supply of refined petroleum products.
A statement issued by the Group General Manager, Group Public Affairs, NNPC, Ohi Alegbe disclosed that the stop-gap OPA arrangement, which is designed to run for three months, obliges the Corporation to allocate a certain volume of crude oil within the period for refining at offshore locations in exchange for petroleum products at pre-agreed yield pattern.
He explained that the temporary OPA package will lapse with the advent of the fresh OPA contracts envisaged to come into effect at the end of the ongoing public tender process.
The statement noted that the OPA arrangement would help augment in-country production of refined petroleum products from the nation’s refineries to meet local demand.

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