Nigeria
Nigeria National Petroleum Corporation (NNPC) has revealed the names of the 39 companies that will buy its crude oil during the year.
The announcement follows an international call for tenders launched a few months ago that saw at least 224 bids submitted by companies.
The list comprises of 18 Nigerian companies,11 international traders, 5 foreign refineries, 3 state oil companies and two NNPC trading arms.
NNPC said all the contracts were for 32,000 barrels per day except Duke Oil Ltd, an oil trading arm of the NNPC, which shall be for 90,000 barrels per day.
According to official figures, Nigeria derives 70% of its income from oil exports.
The global fall in oil prices has driven the west African nation into a recession for the first time in almost three decades.
But the increased price of crude oil to 60 dollars per barrel this year, should help Nigeria to recover some of the losses
01:50
Guinness World Record: Chess champion returns home to Lagos
Go to video
Chinese supermarket in Abuja shut for allegedly barring Nigerians
01:13
Nigeria seeking $2.25 billion in World Bank loans
01:47
Environmental Volunteering: Activists gather in Lagos ahead of World Earth Day
00:39
Nigerian chess master plays for 60 hours in bid to set new world record
01:28
Nigeria's crude oil output goes down again in March - OPEC