Nigeria to Renew Crude Sale Contract with Indonesia

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Nigeria’s state oil firm NNPC plans to renew its contract for crude sales with Indonesia which expired last year, part of moves to boost exports, it said on Tuesday.

According to a report by Reuters, the Nigerian National Petroleum Corporation (NNPC) said it was interested in working with Indonesia’s national oil company Pertamina to improve its volume of crude exports, NNPC’s new group managing director Mele Kyari told Indonesia’s ambassador.

The corporation said in a statement that the partnership with Pertamina could open up opportunities for Nigeria’s crude oil in the face of unpredictable global markets.

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