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.