Some of those cargoes are expected to be absorbed by oil majors’ own refining systems, according to Reuters.
The nation’s crude oil has had a difficult time clearing in recent weeks, as offer levels were too high to attract buying interest from European refineries. In a related development, oil supply by the Organisation of Petroleum Exporting Countries hit a four-year low in April, a Reuters survey found, due to further involuntary declines in sanctions-hit Iran and Venezuela and output restraint by top exporter Saudi Arabia.
Haha makes it easy refine them for local consumption, una eye Don see when our refineries remain non functional
Why not bring the oil let's start drinking it.
That's because the govt keep claiming there's no money. Despite the oil sold, the sukuk, the bonds, the billions recovered in hard currency. All they have done is pay salary, Dole out money to Guinea and travel all over the world.
Better, so that una go channel the money wey, una dey waste in oil search, in the northern basins, into better use...😔
They have said oil will soon be worthless....but we are not paying attention.
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