News
NNPC Awards Crude Sale Contract To 15 Firms
The Nigerian National Petroleum Corporation (NNPC) says 15 companies have emerged winners of the Direct Sales and Direct Purchase (DSDP) of crude oil contract for 2019/2020.
The corporation disclosed this in a statement issued by its spokesman, Mr Ndu Ughamadu, in Abuja, yesterday.
He said that the announcement was in line with the corporation’s commitment to transparency and accountability in its activities as committed by the new Group Managing Director, Malam Mele Kyari.
“Following the completion of the 2019/2020 DSDP tender exercise, 15 consortia/companies, made up of reputable and experienced international companies and Nigerian downstream companies, emerged successful to undertake the 2019/2020 DSDP arrangement.
“The contract is for one year, effective October 1, 2019 to September 30, 2020,” he said.
The companies that won the contracts include BP Oil International Limited and AYM Shafa Limited; Vitol SA and Calson-Hyson; Totsa Total Oil Trading SA and Total Nigeria Plc; Gunvor International B.V. and AY Maikifi Oil & Gas Company Limited; and Trafigura PTE Limited and A. A. Rano Nigeria Limited.
Others are Cepsa S.A.U./Oando Plc; Mocoh SA/Mocoh Nigeria Limited; Litasco SA/Brittania-U Nigeria Limited/Freepoint Commodities; MRS Oil & Gas Company Limited; Sahara Energy Resources Limited; Bono Energy Limited/Eterna Plc/Arkleen Oil & Gas Limited/Amazon Energy; Matrix Energy Limited/Petratlantic Energy Limited/UTM Offshore Limited/Levene Energy Development Limited; Mercuria Energy Trading SA/Barbedos Oil & Gas Services Limited/Rainoil Limited/Petrogas Energy; Asian Oil & Gas PTE Limited/Eyrie Energy Limited/Masters Energy Oil & Gas Limited/Casiva Limited; Duke Oil Company Incorporation.
He further noted that the tender process comprised technical and commercial bid submission respectively, evaluation and short-listing, then commercial negotiations with pre-qualified companies and engagement of the successful consortia/companies by NNPC.
“Under the DSDP arrangement, the aforementioned fifteen consortia/companies shall, over the contract period, offtake crude oil and in return, deliver corresponding petroleum products of equivalent value to NNPC, subject to the terms of the agreement,” he added.
It would be recalled that Kyari, while taking over the mantle of leadership of the corporation on July 8, had promised to open NNPC books to public scrutiny, as a publicly owned company.
He said this would ensure transparency and accountability in the operations of the corporation.
News
198 UNIBEN Students Bag First Class
News
Bayelsa Education Fund, British Council trains tra 1,000 teachers
News
RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
-
News13 hours agoRSG TO ENROL STAFF IN NSITF
-
Rivers12 hours agoMCDI Inducts 150 Professionals In PH
-
Business13 hours agoEstate Developer Harps On Real Estate investment
-
News2 days agoRSG Woos Investors As PHCCIMA Unveils Port Harcourt Int’l Trade Fair
-
Environment12 hours agoUNEP REPORT: FG MOVES TO DESIGNATE OGONI WETLAND RAMSAR SITE
-
News13 hours agoRSG Woos Investors As PHCCIMA Unveils Port Harcourt Int’l Trade Fair
-
Opinion12 hours agoAs Nigeria’s Insecurity Rings Alarm
-
Business13 hours agoBan On Satchet Alcoholic Drinks: FG To Loss N2trillion, says FOBTOB
