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NNPC
Headquarters, Abuja
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The Nigerian National
Petroleum Corporation (NNPC) has ended its highly controversial offshore
processing arrangement (OPA) in favour of direct sale-direct purchase (DSDP).
The
OPA deals, which involved middlemen in the crude-oil-exchange-for-product
matrix, had been widely criticized as opaque, dubious and corrupt by industry
experts.
With
Nigerian refineries not producing enough to meet local demand, the NNPC trades
part of its daily 440,000bpd allocation in exchange for products such as
petrol, diesel and kerosene under OPA.
