The swap deal with these companies supplies a huge portion of Nigeria’s petroleum products.
NNPC will activate Compressed Natural Gas refill stations for motorists to access.
FG would resort to holding minority shares after giving up the refineries to investors.
DPR announced that the importation of petroleum products would reverse when the new refineries resume.
Kyari also disclosed that NNPC is also investing in domestic gas utilization projects.
The report indicated that petroleum receipts for the month reflected crude oil earnings of $230.65 million
The Minister announced approval for a partnership deal for the establishment of a petroleum depot by the NNPC.
The partnership was announced Tuesday morning by EITI and NNPC in a joint statement.
The project is expected to be operated on a public-private partnership basis.
The agreement is expected to help resolve disputes stemming from Oil Mining Lease (OML).