The Nigerian National Petroleum Corporation (NNPC) Thursday said it had signed a six-month crude-for-product deal with BP Oil International Ltd, to supply Nigeria petrol ahead of the upcoming Yuletide and 2019 general elections. This is coming as Brazil’s Petroleo Brasileiro SA will sell its 50 per cent stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader, Vitol for $1.53 billion. This divestment is the latest step in the Brazilian state-controlled oil company’s debt reduction drive, according to a securities filing on Wednesday. NNPC said in a statement by its Group General Manager, Public Affairs, Mr. Ndu Ughamadu, that the BP deal was part of the corporation’s Direct Sale-Direct Purchase (DSDP) petrol supply framework. Ughamadu added that the deal would ensure robust supply of petroleum products across the country and especially going into the Yuletide period and elections which are due early […]