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| NNPC LOGO |
Nigerian National
Petroleum Corporation (NNPC), has denied a report by a Swiss-based agency which
accused the corporation of colluding with some local and international oil
traders to execute unfair industry practices.
Acting Group
General Manager (Public Affairs) of NNPC, Tumini Green, made this known to
newsmen in Abuja.
According to him the
publication contained inaccurate and poorly researched data, “which defied
common sense and verifiable evidence on the ground in Nigeria?
Ms Green said that
in practice, the NNPC sold the federal government’s equity crude oil to
lifters/traders engaged on Annual Term Contract basis; adding that at present,
there were about 50 such term contracts.
On the allegation
that Nigeria’s crude was sold to some companies at special discounted rate, she
stressed that Nigerian crude was sold at the published Official Selling Price
(OSP).
Ms Green thanked
the Nigerian media for their sustained support for the growth of the oil and
gas industry. She, nonetheless, appealed to them to always resist the
temptation of endorsing foreign media reports about the industry as the truth.
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