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By Emmanuel Addeh The Nigerian National Petroleum Corporation (NNPC) has said there are ongoing discussions with refinery owners in the country to sell crude oil in local currency. Chief Operating Officer, Refineries and Petrochemicals at the NNPC, Mr. Mustapha Yakubu, who spoke at the oil and gas conference in Abuja, recently, explained that the need to sell crude oil in naira was further necessitated by the scarcity of foreign exchange in the country. He explained that some completed private refineries are yet to commence production because they were yet to conclude with the national oil company on the procurement of feedstock for their refineries.

Abuja federal capital territoryAdetunji oyebanjiMustapha yakubuEmmanuel addehMele kyariNipco plcNigerian national petroleum corporationMajor oil marketers of nigeriaOperating officerMajor oil marketersCompressed natural gasGroup managing directorMalam mele kyariMorning showDangote refineryகூட்டாட்சியின் மூலதனம் பிரதேசம்