WhiteSoup:
The only thing the dullard have bring to Nigeria is bad policy and reception that his making the country loose billion of dollar to importing crude oil and selling to NNPC and I does not knows how the main minister of petroleum, Pa Buhari is not knows about all these moves by the deputy minister for state who cannot do anything serious without the dullard who we does not even knows were is him.

Bring Mr. Ibu and Pa Buhari in 2019 to contest for Presidency who will you vote for Nigeria?

Ok

BTW, I'm FTC

frenchwine:
I thought Buhari claimed swab deals were detrimental to us when he cancelled the deals struck under the last admin.
Now we know better. The mor0ns don't mind taking us 3yrs back just to discredit their predecessors and score cheap political points

masterblaster:
The Nigerian National Petroleum Corporation, NNPC, is in the final stage of signing $6 billion deal with local and international traders to exchange about 330,000 barrels per day (bpd) of crude oil for imported petrol and diesel.

The deals, which were previously referred to as offshore crude oil processing agreements (OPAs) and crude-for-products exchange arrangements, are now known as Direct Sale-Direct Purchase Agreements (DSDP).

The Minister of State for Petroleum, Dr. Ibe Kachikwu, had said the DSDP was adopted to replace the oil swaps and the offshore processing contracts so as to entrench transparency into the crude oil-for-product transactions and save the country $1 billion.

The signing of the deals earlier scheduled to take off by April, it was learn, was delayed for three months to allow the NNPC and the oil traders negotiate the fuel specifications, among other issues.

This year’s beneficiaries also exceeded those of last year by three consortiums, indicating the country’s increased dependence on the NNPC for fuel importation.

Kachikwu had stated in Lagos on Wednesday that with the rise of crude oil price above $52 per barrel, the country finds itself reverting to the position it found itself in, in the first and second quarters of 2016 when NNPC was the sole importer of petrol.

Some of the companies that benefited in 2016 also made this year’s list, including Varo Energy, Societe Ivorienne de Raffinage (SIR), Total and Cepsa.
For more click here:http://naijaentrepreneur.com/2017/05/19/nnpc-sets-to-sign-6-billion-oil-swaps-deal-with-local-and-international-traders/

frenchwine:
I thought Buhari claimed swab deals were detrimental to us when he cancelled the deals struck under the last admin.
Now we know better. The mor0ns don't mind taking us 3yrs back just to discredit their predecessors and score cheap political points

WhiteSoup:
The only thing the dullard have bring to Nigeria is bad policy and reception that his making the country loose billion of dollar to importing crude oil and selling to NNPC and I does not knows how the main minister of petroleum, Pa Buhari is not knows about all these moves by the deputy minister for state who cannot do anything serious without the dullard who we does not even knows were is him.

Bring Mr. Ibu and Pa Buhari in 2019 to contest for Presidency who will you vote for Nigeria?

BTW, I'm FTC

frenchwine:
I thought Buhari claimed swab deals were detrimental to us when he cancelled the deals struck under the last admin.
Now we know better. The mor0ns don't mind taking us 3yrs back just to discredit their predecessors and score cheap political points

masterblaster:
The Nigerian National Petroleum Corporation, NNPC, is in the final stage of signing $6 billion deal with local and international traders to exchange about 330,000 barrels per day (bpd) of crude oil for imported petrol and diesel.

The deals, which were previously referred to as offshore crude oil processing agreements (OPAs) and crude-for-products exchange arrangements, are now known as Direct Sale-Direct Purchase Agreements (DSDP).

The Minister of State for Petroleum, Dr. Ibe Kachikwu, had said the DSDP was adopted to replace the oil swaps and the offshore processing contracts so as to entrench transparency into the crude oil-for-product transactions and save the country $1 billion.

The signing of the deals earlier scheduled to take off by April, it was learn, was delayed for three months to allow the NNPC and the oil traders negotiate the fuel specifications, among other issues.

This year’s beneficiaries also exceeded those of last year by three consortiums, indicating the country’s increased dependence on the NNPC for fuel importation.

Kachikwu had stated in Lagos on Wednesday that with the rise of crude oil price above $52 per barrel, the country finds itself reverting to the position it found itself in, in the first and second quarters of 2016 when NNPC was the sole importer of petrol.

Some of the companies that benefited in 2016 also made this year’s list, including Varo Energy, Societe Ivorienne de Raffinage (SIR), Total and Cepsa.
For more click here:http://naijaentrepreneur.com/2017/05/19/nnpc-sets-to-sign-6-billion-oil-swaps-deal-with-local-and-international-traders/

ADAMUdaCOWBOY:

https://elombah.com/index.php/reports/460-vice-president-osibanjo-leaves-for-abidjan
Read the content of this link. The reason for the cancellation was clearly stated. It was also added that "The government may not have completely dumped the idea of swaps but the aim is to re-evaluate the whole contracts terminated to extract some favourable terms," the source told Reuters. But just just like the saying goes, You only see what your eyes want to see. Anything that discredits Buhari makes your day. Enjoy.

DaniDani:
This sounds plausible but a deeper study makes it suspicious of shortchanging Nigeria.

We should allow more individuals to build and own private refineries in Nigeria like Dangote is doing than these deals that have never brought us any success in the oil industry.

Ahmeduana:

IS THIS NOT THE SAME THING THAT JONATHAN REGIME DEED THAT THE ZOMBIES! AND THE JAJANWEED ARE SHOUTING CORRUPTION?

GoodGovernance:


Abuse people,despite your glaring ignorance and lack of knowledge? Then you must be an id..t!

What is wrong in shouting corruption?

A policy can be condemned for being operated in a corrupt environment,whilst the same policy could still be adopted in a transparent and corrupt free environment.

Whynotthetruth:


Oga teach us abeg ...

Plz what changed in this policy now aside replacing PDP guys with APC sponsors? If Buhari and supporters said the oil swap initiative was fraudulent, why reinvent it?