Nigeria: PPMC Counts Achievements Amid Controversies

29 August 2015

Despite the controversies surrounding the Crude for Petroleum Products Exchange Agreements, better known as crude oil swaps, and Offshore Processing Agreements (OPAs), entered into by the Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) and oil traders between 2011 and 2014, the corporation, the company has scored itself high in performance between 2010 and 2014. Ejiofor Alike reports

The perceived lapses of the Pipelines and Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) have attracted public outrage in recent times, especially with regards to the Crude for Petroleum Products Exchange Agreements, otherwise called crude oil swaps, and Offshore Processing Agreements (OPAs), entered into by the company and some oil traders between 2011 and 2014.

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