NNPC Cancel’s Oil Supply Contracts with Refineries

The Nigerian National Petroleum Corporation (NNPC) has cancelled the contract for the delivery of crude oil to the country’s refineries in Warri, Port Harcourt and Kaduna,

it said in a statement on Wednesday.

 It also said it had terminated offshore processing agreements and had obtained the permission of President Muhammadu Buhari to begin the tendering process for 2015/2016 crude oil term contracts.

Details later