Abuja - The Nigerian National Petroleum Corporation (NNPC) has expanded the list of companies awarded yearly crude oil term lifting contracts for 2014 and 2015 with the addition of Chinese and Indian oil companies to the list.
With the new additions, the number of companies now lifting crude oil has increased to 43, reports ThisDay
The increase followed series of intense lobbying by disappointed buyers who were dropped from the list when it was reviewed early this year.
The contract has equally been expanded to about $52 billion worth of crude oil, with the bulk of these companies receiving about 30 000 barrels per day (bpd) each during this period.
Read more at ThisDay
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