Business
FG Approves 36 Firms For Oil Lifting
The Federal govern
ment has released a provisional list of 36 companies that are eligible to lift crude oil through the Nigerian National Petroleum Corporation (NNPC) beginning from June 1, 2014 to May 31, 2015.
The Tide source revealed that the list was not final as more companies were expected to make the final one.
The Tide further gathered that the list gave preference to indigenous companies as against foreign companies as was the practices in the past and there was also expectation that the final list may contain move local names.
Our source gathered that the companies that were given contracts include 21 indigenous companies, eight international trading companies two foreign refineries, two subsidiaries, the NNPC and three countries to be represented by their state’s owned National Oil Companies (NOCS).
According to the document, 21 indigenous companies were awarded contract to lift a total of 630,000 barrels per day of crude oil for one year, which represents 57 per cent of the 1,179,000 barrels per day contracted to eight beneficiaries.
Indicated on the list also was eight international oil traders which got an allocation of 240,000 barrels per day which represents 20.5 per cent while two foreign refineries got 60,000 barrels per day or 5.1 per cent of the allocation.
A breakdown of the allocation indicated that all of the 21 indigenous traders was given an allocation of 30,000 barrels per day.
Some of the companies, according to the document, include, A-Z Petroleum Products Limited, Hyde Energy Nigeria Limited, DK Global Energy Resources, Alateo Energy Resources, Avidor Oil and Gas Company Limited, Azenith Energy Resources Limited, Barbados Oil and Gas Services Limited, Century Energy Services Limited and Crudex International Limited.
Others include, Elena Plc, Bono Energy, Televeras Limited, Mezcor SA, Sahara Energy, Resources Limited, Tridax Energy SA, Tempo Energy SA.
The nest are Ontario Trading SA, Voyage Oil and Gas Limited, Elektron Petroleum Energy and Mining Limited, Ibeto Petrochemical Industries Limited and Emo Oil and Petrochemical company, among others.
Also in the list are eight international oil traders which got an allocation of 30,000 barrels per day of crude oil each.
Business
NCDMB, Dangote Refinery Unveil JTC On Deepening Local Content
Business
Food Security: NDDC Pays Counterpart Fund For LIFE-ND Project
Business
Replace Nipa Palms With Mangroove In Ogoni, Group Urges FG, HYPREP
-
Business4 days ago
CRG Partner JR Farms To Plant 30m Coffee Seedlings
-
Foods/Drinks4 days ago
What To Know About Your Menu
-
Niger Delta4 days ago
NDLEA Intercepts 584.171kg Hard Drugs In Bayelsa … Arrests 559 Suspects
-
Rivers4 days ago
Four Internet Fraudstars Get Different Jail Terms In PH
-
Business4 days ago
Food Security: NDDC Pays Counterpart Fund For LIFE-ND Project
-
Business4 days ago
PH Women Plan Alternative Stew, Shun Tomato High Prices
-
Sports4 days ago
Nigerian Athletes Serving Doping Bans
-
Niger Delta4 days ago
Ex-IYC President Lampoons Atiku’s Presidential Ambition … Declares It Negative Impact On N’Delta