Oando, Sahara Energy, 37 others to buy, sell Nigerian crude in 2017
Corporation, NNPC, on Wednesday
released the names of 39 bidders for the
sale and purchase of Nigerian crude for
2017/2018.
Announcing the results on its Website,
the Group General Manager, Crude Oil
Marketing Division NNPC, Mele Kyari,
said the contract would run for one year effective from January1 for consecutive 12 circles of crude oil allocation.
The list comprises 39 winners with 18
Nigerian companies, 11 International
Traders, five foreign refineries, three
National Oil Companies (NOCs) and two
NNPC trading arms.
It said all the contracts were for 32,000
barrels per day except Duke Oil Ltd, an
oil trading arm of the NNPC, which shall
be for 90,000 barrels per day.
It would be recall that during the bid
opening on November 26, 2016, the
Group Managing Director of the
corporation, Maikanti Baru, assured the
public that NNPC would ensure due
process, transparency and fairness in
the selection process.
Also, a total of 224 bids were submitted
by companies seeking to purchase and
lift Nigerian crude oil grades for the
period 2017/2018.
The indigenous beneficiaries are Oando, Sahara Energy, MRS Oil and Gas, AA Rano, Bono, Masters Energy, Eterna Oil and Gas, Cassiva Energy, Hyde Energy and Brittania U.
Others are NorthWest Petroleum, Optima Energy, AMG Petroenergy, Arkiren Oil and Gas Limited, Shoreline Limited, Entourage Oil, Setana Energy and Prudent Energy.
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