Africa’s largest oil producer owes billions for fuel imports – Reuters ...News

Nigeria has been swapping its crude for fuel to meet domestic demand Nigeria has accumulated roughly $3 billion in debts to oil-trading houses and global energy majors for fuel supplies, Reuters reported on Friday, citing industry sources. The nation is four-to-six months behind schedule in paying for the fuel it purchases with cargoes of crude oil, according to the report. Nigeria, the largest oil producer in Africa, does not have enough refining capacity to meet domestic fuel demand, in part because many of its own refineries have become dilapidated over the years. It therefore has to import petrol, diesel, and

Hence then, the article about africa s largest oil producer owes billions for fuel imports reuters was published today ( Saturday 24/06/2023 - 08:56 PM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Africa’s largest oil producer owes billions for fuel imports – Reuters )

Also on site :

• L'ORÉAL PARIS GETS GLAM WITH "THE DEVIL WEARS PRADA 2," DEBUTING OSCARS-NIGHT AD FEATURING KENDALL JENNER AND SIMONE ASHLEY
• ‘My mother was tricked by a fraudster pretending to be David Attenborough and gave them half of her life savings’
• Two weeks of war: Inside Trump’s risky decision to attack Iran — and the scramble to contain the fallout