Nigeria Signed Pact To Import Refined Oil Under Buhari’s Regime (NY Times 1984)

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Brazil Wins Nigeria Pact
AP
Published: March 14, 1984

RIO DE JANEIRO, March 13—Brazil has won an international bidding contest to refine Nigerian oil this year, the state oil company, Petrobras, announced today.
The $1.2 billion agreement calls for Brazil to import Nigerian crude and return refined gasoline, jet fuel and diesel oil to Nigeria, a Petrobras spokesman said. He added that the accord would allow Brazil to reduce its idle refining capacity and earn a margin of profit.
Brazil imports about two-thirds of the one million barrels of oil it consumes daily, mostly from the Middle East. It buys 10,000 barrels daily from Nigeria.

http://www.nytimes.com/1984/03/14/business/brazil-wins-nigeria-pact.html

Written For http://www.globalruns.com

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