The Nigerian National Petroleum Corporation has stopped the importation of Dual Purpose Kerosene into the country for three months running, its latest financial and operations report has revealed.
According to the August 2016 edition of the report, the last time that the corporation imported kerosene into Nigeria under the Direct-Sale Direct-Purchase/Offshore Processing Agreement was in May.
An analysis of the report on Wednesday showed that in the months of June, July and August this year, the NNPC did not get a single litre of DPK under the DSDP/OPA.
In February, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, announced the replacement of the crude swap arrangement with what he called the Direct-Sale Direct-Purchase framework, which took off in April.
The DSDP was adopted to replace the crude swap initiative and the offshore processing arrangement in a bid to entrench transparency in the crude oil for product transaction by the country’s national oil firm.
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