NNPC and Partners Sign Landmark $3.3 Billion Gas Supply Deal for Proposed $3.5 Billion Brass Fertilizer Plant

Oct 11, 2024, 06:21 PM

The Nigerian National Petroleum Company Limited (NNPC) and its partners, including Shell, TotalEnergies, and Agip, have signed a landmark agreement to supply gas to the proposed $3.5 billion Brass Fertilizer & Petrochemical Company Ltd. This deal, valued at $3.3 billion, aims to provide gas for a methanol-manufacturing project in Nigeria. The agreement is part of Nigeria's broader strategy to attract investment in its gas sector, leveraging its position as Africa's top oil-producing nation.