The Nigeria National Petroleum Cooperation (NNPC) has finally unveiled 39 companies who would lift and trade Nigeria’s oil for the 2017 crude oil term contract.
The list, which was released on Tuesday night, includes 18 Nigerian companies, two NNPC trading companies and a host of international companies.
“The contract will run for one year, effective 1st January 2017 for consecutive twelve circles of crude oil allocation,” NNPC said in a statement.
“The list involves 18 Nigerian Companies, 11 International Traders, 5 foreign refineries, 3 NOCs and 2 NNPC trading arms. All the contracts are for 32,000 bpd except Duke Oil Ltd, a subsidiary of NNPC, which shall be for 90,000 bpd.”
At the open bid in November 2016, Maikanti Baru, group managing director of the NNPC, had said the number of bidders for the contract dropped from 278 that applied for the contract in 2015 due to the new requirements introduced by the corporation.
Baru said at the time that the process, which prioritised refiners and big crude oil lifters, would be concluded in February 2017.
“When we sell this crude oil, the money goes straight to the Central Bank of Nigeria (CBN) account on behalf of the federation. NNPC does not operate any of those accounts,” he had said, projecting transparency.
“The best inputs from the NNPC is confirmation that the money has been paid but we have no signature rights on this account, contrary to the perception that NNPC is hoarding some money on behalf of the Nigerian people, all the crude oil that we sell goes to the Nigerian people. There is nothing that is hidden, it is all open for everybody to see.”
From the cable.
Issorait
ReplyDeleteWhat of @Stanly oil?😄...@Ini newest boo😌
DeleteCan't find @Bovas there....why now?😒
@Galore
@Galore
Cool
ReplyDeleteNo capital oil? No chrome energy? Hmmm
ReplyDeleteCongratulations to the shortlisted
ReplyDeleteNoted....
ReplyDeleteThey have shared the Naija companies to ndi awusa and awon ofe!!..
ReplyDeleteOne Nigeria my ass!!...
Hehehhehe thank God. My case is different 2017 is my year. See my Company name for their na salary increament be that oo.
ReplyDeleteNot only salary increment but at least people will still have jobs. Thats the main thing. Baba God, thank you.
DeletePhewww anything that makes the economy better
ReplyDeleteSo long as it favours the poor masses
ReplyDeleteWhat happened to Forte Oil, Capital oil?
ReplyDeleteWhere is Forte?
ReplyDeleteWhere's Total and mobil?
ReplyDeleteI see Eterna oil and gas. GOD continue to favour and uplift my inlaw. Amen
ReplyDeleteNa wah, where's Bae's company? Hmmm there shall be unrest oo. Ha! Them gave majority to the northerners. That's how they will dissappear billions of barrels then announce that they have found oil in the north.
ReplyDeleteThey share am reach Cameroon. SONARA is a state owned Cameroon refinery.