Business UPDATE 1-Nigeria orders extra 30 mln barrels of fuel by year-end -sources - Reuters

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Nigeria has granted licences to nearly 50 companies to import 30 million barrels of fuel - around 3.5 million tonnes - before the year-end despite largestocks sitting offshore, industry sources said, up from 30 companies last year.

The list of approved fuel importers for the fourth quarter, compiled from industry sources, included a large allocation for Nigeria's state oil company NNPC, signalling the end of a suspension of its purchases in October caused by overbuying.

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Source: Reuters

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