Topic: Nnpc

An intelligence report from an oil engineer in Nigeria explains "Off-OPEC" oil, a form of bunkering where excess production is sold illegally. The report alleges that militants like Tom Polo are contracted to protect these flows with the complicity of the Nigerian Navy. Discrepancies involving $20 billion in missing funds from the NNPC are also detailed.

Russian energy giant Gazprom signed a $2.5 billion deal with Nigeria's state-operated NNPC to form a new joint venture. The company is controversially named "Nigaz," a portmanteau of Nigeria and Gazprom. This move comes as major Western companies like GE and Boeing expand into Russia while others like BP face expulsion.