NNPC agrees to $2.5bn financing with Chinese lender

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says NNPC has agreed to $2.5b financing with a Chinese lender for pipeline in Nigeria.

Kyari also said that the attacks on Saudi Arabia’s crude processing plant and fields could be a big challenge for the oil market if the outage is protracted.

The NNPC boss disclosed this during an exclusive interview on Bloomberg Daybreak: Middle East.

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