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Reps to probe missing 5 2 million barrels of crude oil

The House of Representatives has directed its committee on petroleum to investigate the alleged missing 5.2 million barrels of crude oil allocated to local refineries under the Direct Sales Direct Purchase (DSDP). The decision to undertake the probe followed a motion of urgent public importance moved by Abubakar Makki from Jigawa state during plenary on Wednesday. Direct Sales Direct Purchase Agreement (DSDP) replaced the Oil Processing Agreement (OPA) in 2016. DSDP allows sales of crude oil to refiners, who will in turn supply the Nigerian National Petroleum Corporation (NNPC) with an equivalent worth of petroleum products. The DSDP has allowed NNPC to be the sole importer of refined products.

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