The Nation Newspaper Russia-Ukraine war affects Nigeria’s crude oil inflows – NNPCL
The Nigerian National Petroleum Company Limited has provided insight into how the lingering Russia – Ukraine war impacted Nigerian crude oil inflows in the international oil market.
Idris, in a statement on Thursday by Mr Femi Soneye, Chief Corporate Communications Officer, NNPC Ltd, said Nigeria’s crude export to India dwindled. On the other hand, she said Nigerian crude flow to Europe had increased in a bid to fill supply gaps left by the ban on Russian crude. “Several Nigerian distillate-rich grades have become a steady preference for many European refiners, given the absence of Russian Urals and diesel.
According to her, NNPC Limited has secured vital partnerships with notable financial institutions to promote upstream investments to restore and sustainably grow production capacity in the coming years.