Nigeria’s state oil company is mulling over the signing of two more oil swap deals, with Exxon and Shell, after last week it sealed an oil-for-products deal with BP, Reuters reports , quoting NNPC’s chief operating officer for upstream, Bello Rabiu. “Unfortunately, Shell and ExxonMobil exited the downstream sector in Nigeria a couple of years ago but they are coming back for this particular arrangement, because it’s an opportunity for them to get crude and sell their products to the refineries,” Rabiu said. Last week, Nigerian media reported that NNPC had signed a six-month oil swap deal with BP that would see subsidiary BP Oil International Limited provide NNPC with 20 percent of the gasoline it needs. Nigeria has four refineries with a combined capacity of 445,000 bpd , as per S&P Global Platts figures, but the inefficient refineries in need of upgrades and revamps are unable to meet […]