NNPC Corporation commences online monitoring of oil swap scheme

The fuel import scheme was introduced last year to ensure transparency of the process.

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(Champions Newspaper Limited.)
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The Crude Oil Marketing Division (COMD) of the Nigerian National Petroleum Corporation (NNPC) has commenced the automation of the Direct-Sale Direct-Purchase (DSDP) crude oil for the product exchange scheme.

The fuel import scheme was introduced last year to ensure transparency of the process.

The division's Group General Manager, Mele Kyari, said the scheme will aid end-to-end access to the DSDP programme online.

This will be very helpful for stakeholders to monitor the process from the point of crude oil allocation to conversion, as well as the return of products to the country and distribution by the Nigerian Products Marketing Company (NPMC), up to the transfer of the proceeds into the country's treasury.

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