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FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru - Politics - Nairaland

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FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by seunlly(m): 8:50pm On Feb 02, 2017
The Group Managing Director (GMD) of the Nigeria
National Petroleum Corporation (NNPC), Dr Maikanti
Baru, on Thursday said the corporation saved 500
million dollars (N152.4bn) on oil products sales.
Baru disclosed at the opening of bid for the Direct
Sale Direct Purchase (DSDP), at the NNPC Towers in
Abuja. Newsmen reports that DSDP is a model
introduced in 2016; carried out through direct sales of
crude oil to refiners or consultants, who in turn
supply NNPC with equivalent worth of products.
Journalists also reports that 128 Indigenous and
International Oil and Gas companies indicated interest
to participate in the 2017 DSDP programme.
*Gas pipelines
The batch over which the bids were opened is
scheduled to last for the next one year, starting from
April 1. “The DSDP programme has also recorded
significant cost savings of over half a billion dollars
through major reduction in the amount we paid for
both demurrage and the product themselves.
“It ensures that the supplies from refineries are fully
augmented to meet the national supply as well as a
sustained over 30 days sufficiency particularly with
petrol. “The programme is very transparent and the
major instruments on the partnership between the
NNPC and the product supplies both local and
international, we have as part of this programme,”
Baru said.
In an interview with newsmen on the sideline of the
bidding process the GMD said the requirement was
that the bidder must have physical presence in
Nigeria. “The major drive here is to ensure that
Nigerians are not left out and to ensure that those that
emerge, whether consortium or single, must have
physical presence in Nigeria.
“That means they must have depots or retail outlets
as a minimum or they must be involved with
exploration or production of crude oil. “So we will
ensure that most of them are domiciled here in
Nigeria. This year’s programme for DSDP is about 800,
000 barrels at most,” he said. He said the tenders will
be based on West African quality specifications and
we will maintain the latest which is 50 per cent of
sulphur content. It was equally reported that the
corporation saved a billion dollars from the DSDP
programme in 2016.









http://www.vanguardngr.com/2017/02/fg-opens-128-bids-saves-500m-oil-products-dr-maikanti-baru/

2 Likes

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by HungerBAD: 6:16am On Feb 03, 2017
This is good news.

Those wanting Buhari to die, and Nigeria not to work will not show up in this thread.

13 Likes 1 Share

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by dunkem21(m): 7:10am On Feb 03, 2017
Nice one ..

3 Likes

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by Nobody: 7:17am On Feb 03, 2017
At least we know how much that was saved and we can track and ask questions about.

seunlly:
Journalists also reports that 128 Indigenous and International Oil and Gas companies indicated interest
to participate in the 2017 DSDP programme.
I hope our South South brothers too also indicated interest before they start shouting northern and western domination.

3 Likes 2 Shares

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by weedtheweeds: 7:40am On Feb 03, 2017
we only hear stories like this, but we are tired. there is no human right. there is no proof of progress or development. Nigerians claim they are smart but they languish in slavery. these people are heartless. Muslims are heavily launching attacks on Christians and even Osinbajo has nothing to do or say. They are just like morons

2 Likes

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by hyfr(m): 7:40am On Feb 03, 2017
Let us just sell everything in Nigeria like 900 zillion dollars, and share the money to everybody, let's migrate to other countries and start hustling abeg. cheesy

1 Like 1 Share

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by salabscholar01(m): 7:41am On Feb 03, 2017
ok
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by NetBizguy: 7:42am On Feb 03, 2017
Oil Money, and this is the reason there is Nigeria today, this is the reason Nigeria was created and this is the reason Nigeria is bleeding, We were never meant to be, not one language, food, religion, culture, reasoning and understanding. Nigeria is simply born out of business interest.

The Royal Niger Company was a mercantile company chartered by the British government in the nineteenth century. It was formed in 1879 as the United African Company and renamed to National African Company in 1881 and to Royal Niger Company in 1886.

The company existed for a comparatively short time (1879–1900) but was instrumental in the formation of Colonial Nigeria, as it enabled the British Empire to establish control over the lower Niger against the German competition led by Bismarck during the 1890s. In 1900, the company-controlled territories became the Southern Nigeria Protectorate, which was in turn united with the Northern Nigeria Protectorate to form the Colony and Protectorate of Nigeria in 1914 (which eventually gained independence within the same borders as the Federal Republic of Nigeria in 1960).
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by Nobody: 7:42am On Feb 03, 2017
I k
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by JimloveTM(m): 7:42am On Feb 03, 2017
issoraite
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by ednut1(m): 7:43am On Feb 03, 2017
HungerBAD:
This is good news.

Those wanting Buhari to die, and Nigeria not to work will not show up in this thread.

keep kwayet. how does it affect d common man

1 Like

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by generaluthman: 7:43am On Feb 03, 2017
Nice 1
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by Abbeyme: 7:43am On Feb 03, 2017
Making money for others, since years ago
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by Nobody: 7:44am On Feb 03, 2017
FG kips saving money on products while we d citizens kip wasting money on products. Wat an irony.

1 Like

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by shaddoww: 7:44am On Feb 03, 2017
Where all d money cum dey?
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by Nobody: 7:45am On Feb 03, 2017
When is the FG going to use all the "saved" money to better the lives of the masses?

Or are they waiting for the masses to die off of hunger, so they can share the money?

I am yet to understand the essence of all the "saving" when the economy is sinking faster than a sink-hole.
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by TeamSimple(m): 7:53am On Feb 03, 2017
Kudos.
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by lollmaolol(m): 7:58am On Feb 03, 2017
Let's bid
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by dallyemmy: 8:10am On Feb 03, 2017
Why not Direct Sales and Direct Construction of Refineries
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by MrHackmed1(m): 8:45am On Feb 03, 2017
Nice one. If you have a buyer that has a proof of funds verifiable at any of the banks inside NNPC towers, and also with his company's profile at hand right now, I speak with the mandate of a seller as well. Every other business would be done at NNPC towers. Contact me and let's deal cool

1 Like 1 Share

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by tomakint: 8:54am On Feb 03, 2017
MrHackmed1:
Nice one. If you have a buyer that has a proof of funds verifiable at any of the banks inside NNPC towers, and also with his company's profile at hand right now, I speak with the mandate of a seller as well. Every other business would be done at NNPC towers. Contact me and let's deal cool
Provided you can also prove to me the name of your vessel and proof of products and also not forgetting the waters where you are we might be balling soon. I am tired of fake deals lately. We av your requirements but you must prove to me that you possess yours.

1 Like

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by Kingspin(m): 8:55am On Feb 03, 2017
The failure of restructuring and the piece of Nigeria. Oil. Agriculture any day will be better off than oil in N-i-g-e-r-i-a. At least it will end hunger among the citizens.
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by MrHackmed1(m): 9:05am On Feb 03, 2017
tomakint:

Provided you can also prove to me the name of your vessel and proof of products and also not forgetting the waters where you are we might be balling soon. I am tired of fake deals lately. We av your requirements but you must prove to me that you possess yours.

Firstly, the product is BLCO & Price is OPEC rates

Secondly, It is a year allocation of 2mbl for 12months which is renewable if performance is impressing.

Finally, due to latest development from towers, no flying around of documents again, I have what you need, you have mine, come to Abuja, we go into NNPC with your company profile and if satisfactory, NNPC would issue an invitation letter to the buyer to bring his proof of funds, after verification, allocation will be transferred to buyer's company name and buyer pays NNPC directly, then mandates n facilitators.

That's all!!!
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by chunkuli: 9:27am On Feb 03, 2017
MrHackmed1:


Firstly, the product is BLCO & Price is OPEC rates

Secondly, It is a year allocation of 2mbl for 12months which is renewable if performance is impressing.

Finally, due to latest development from towers, no flying around of documents again, I have what you need, you have mine, come to Abuja, we go into NNPC with your company profile and if satisfactory, NNPC would issue an invitation letter to the buyer to bring his proof of funds, after verification, allocation will be transferred to buyer's company name and buyer pays NNPC directly, then mandates n facilitators.

That's all!!!
do you have links at the retail section? am a registered marketer with all the licenses, what l require is product allocation from the tower
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by NevetsIbot(m): 10:05am On Feb 03, 2017
then they should pay salaries or are they mad?
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by Jesusloveyou(m): 10:23am On Feb 03, 2017
NetBizguy:
Oil Money, and this is the reason there is Nigeria today, this is the reason Nigeria was created and this is the reason Nigeria is bleeding, We were never meant to be, not one language, food, religion, culture, reasoning and understanding. Nigeria is simply born out of business interest.

The Royal Niger Company was a mercantile company chartered by the British government in the nineteenth century. It was formed in 1879 as the United African Company and renamed to National African Company in 1881 and to Royal Niger Company in 1886.

The company existed for a comparatively short time (1879–1900) but was instrumental in the formation of Colonial Nigeria, as it enabled the British Empire to establish control over the lower Niger against the German competition led by Bismarck during the 1890s. In 1900, the company-controlled territories became the Southern Nigeria Protectorate, which was in turn united with the Northern Nigeria Protectorate to form the Colony and Protectorate of Nigeria in 1914 (which eventually gained independence within the same borders as the Federal Republic of Nigeria in 1960).
you just new learn this now. Keep it up.
You must be reading seriously for your jamb

1 Like

Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by MrHackmed1(m): 11:24am On Feb 03, 2017
chunkuli:
do you have links at the retail section? am a registered marketer with all the licenses, what l require is product allocation from the tower

Yes sir, I have links to the 5th floor Block B where the paper works for this is been done. cool
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by Fourwinds: 12:31pm On Feb 03, 2017
any time I hear or see NNPC logo., it reminds me of d dwelling place of d devil
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by tosynAB(m): 12:33pm On Feb 03, 2017
weedtheweeds:
we only hear stories like this, but we are tired. there is no human right. there is no proof of progress or development. Nigerians claim they are smart but they languish in slavery. these people are heartless. Muslims are heavily launching attacks on Christians and even Osinbajo has nothing to do or say. They are just like morons

I thought bro Jonathan is there when whole Nigerians are dying bhu have nothing to say or do else chop money like cake.. idiot
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by Eazybay(m): 12:43pm On Feb 03, 2017
MrHackmed1:


Firstly, the product is BLCO & Price is OPEC rates

Secondly, It is a year allocation of 2mbl for 12months which is renewable if performance is impressing.

Finally, due to latest development from towers, no flying around of documents again, I have what you need, you have mine, come to Abuja, we go into NNPC with your company profile and if satisfactory, NNPC would issue an invitation letter to the buyer to bring his proof of funds, after verification, allocation will be transferred to buyer's company name and buyer pays NNPC directly, then mandates n facilitators.

That's all!!!


Could u pls send me a mail? I don't want peeps to spam my mail, hence am skeptical about dropping it, do u have a site or sth??
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by felixlovu: 12:59pm On Feb 03, 2017
weedtheweeds:
we only hear stories like this, but we are tired. there is no human right. there is no proof of progress or development. Nigerians claim they are smart but they languish in slavery. these people are heartless. Muslims are heavily launching attacks on Christians and even Osinbajo has nothing to do or say. They are just like morons
wat are u gonna do if u are in osinbanjo position
Re: FG Opens 128 Bids, Saves $500m On Oil Products-dr Maikanti Baru by felixlovu: 1:00pm On Feb 03, 2017
weedtheweeds:
we only hear stories like this, but we are tired. there is no human right. there is no proof of progress or development. Nigerians claim they are smart but they languish in slavery. these people are heartless. Muslims are heavily launching attacks on Christians and even Osinbajo has nothing to do or say. They are just like morons
wat are u gonna do if u are in osinbanjo position.he must order d killing of d Muslims

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