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South Africa, Nigeria near oil supply deal to boost energy security

Oil production site. Photo by Zukiman Mohamad @ Pexels
Oil production site. Photo by Zukiman Mohamad @ Pexels
  • Nigeria and South Africa to finalise commercial terms for crude oil allocations
  • SA seeks oil, LPG supplies from Nigeria as part of diversification strategy

 

PRETORIA, SOUTH AFRICA – Nigeria is set to finalise a landmark deal to supply crude oil to South Africa, giving the continent’s most industrialised nation direct access for both state-owned and private refineries.

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