LONDON, May 12 (Reuters) - Nigeria's National Petroleum Corp
(NNPC) has picked 16 consortia for its new crude-for-fuel swap
contracts for one year starting in August, sources with direct
knowledge of the matter said.
The list includes major trading firms Trafigura, Vitol and
Mercuria, oil major Total TOTP.PA as well as large Nigerian
traders like Sahara Energy SAH.V , Oando OANDO.LG and MRS
Oil.
The contracts, known as direct sale, direct purchase (DSDP)
are coveted since they are used to supply nearly all of
Nigeria's gasoline needs as well as cover some of its diesel and
jet fuel consumption.