The Nigerian National Petroleum Corporation (NNPC) has shortlisted a total of 15 consortia made up of reputable and experienced international companies and Nigerian downstream companies who were successful as it partners for Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) tender exercise.

The move was in line with its Group Managing Director, Mallam Mele Kyari’s pledge on assumption of duty recently that the NNPC under his leadership would continuously entrench transparency and accountability across all the corporation’s operations.

The NNPC disclosed this in statement from its Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, titled: Publishing of Successful Bidders for the 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) Contract,” obtained yesterday.

What this means is that those that qualified would be lifting Nigerian crude oil grades in exchange for delivery of the corresponding petroleum products on value for value basis in line with the executed agreement.

The companies shortlisted included BP Oil International Limited/AYM SHAFA Limited; VITOL SA/Calson-Hyson; Total Oil Trading SA/Total Nigeria Plc; Gunvor Group Limited/AY Maikifi Nigeria Limited; Trafigura Pte Ltd./A. A. Rano Nigeria Limited; Compañía Española De Petróleos, S.A.U. (Cepsa)/Oando Plc; and Mocoh Sa/Mocoh Nigeria Limited.



Others included Litasco SA/Brittania-U Nigeria Limited/Freepoint Commodities; MRS Oil & Gas Co. Ltd;

Sahara Energy Resource Ltd;

Bono Energy Ltd./Eterna Plc/Arkleen Oil & Gas Ltd./Amazon Energy Limited; Matrix Energy Ltd./Petratlantic Energy Ltd./UTM Offshore Ltd./Levene Energy Dev. Ltd; Mercuria Energy Trading Sa/ Barbedos Oil & Gas Services Ltd./Rainoil Ltd./Petrogas Energy Trade West Africa Lt; Asian Oil & Gas Pte Ltd./ Eyrie Energy Ltd./ Masters Energy Oil & Gas Ltd/ Casiva Ltd, and Duke Oil Incorporated.

The statement explained: “Following the successful completion of the 2019/2020Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) tender exercise, 15 consortia made up of reputable and experienced international companies and Nigerian downstream companies were successful as the DSDP partners for the 2019/2020 DSDP contract.

“The tender process comprises technical bid submission, evaluation and short listing, commercial bid submission, evaluation and short listing, commercial negotiations and contract agreement execution.”

The statement pointed out that in keeping faith with the NNPC’s commitment to transparency, the under listed 15 consortia would be “lifting Nigerian crude oil grades in exchange for delivery of the corresponding petroleum products on value for value basis in line with the executed agreement.”

Mele Kyari had said: “Under my leadership, NNPC will strive to be more credible, competent and accountable institution that manages the oil resources on behalf of the citizens of Nigeria in accordance with its mandate and the core persuasions of President Muhammadu Buhari.”

He had said for NNPC to maintain positive image, there must be transparency, shared values of integrity and professionalism among its members of staff.

https://thenationonlineng.net/nnpc-picks-15-firms-to-lift-crude/amp/

Why wasn't the process made transparent?

Ok

Where is Invictus group?


Happy Birthday to me!!!

I hope they are doing the right thing.
Las las Nigeria will be ok.

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hmmmm

so the GMD of nnpc is even a mallam....
what do I know sef??

please no fulani herdsman should quote me

Our NNPC

iCauseTrouble:
Where is Invictus group?


Happy Birthday to me!!!

Invictus group will lift Crude Oil in USA prison

AYM Ashafa is a reputable company, I don't know about others

Our government, Thief Thief!!!!

My company will enter here soon

iCauseTrouble:
Where is Invictus group?


Happy Birthday to me!!!

Go and collect your birthday wish from Invictus

Them don dey sell Nigeria small small. See sharing formulae. Imagine the owners of this firms

Ok ooo

Good

Just formalizing the money sharing formula abi ?

When regime changes we will know if there are things hidden in this development.

.

N

Trapnews:
Them don dey sell Nigeria small small. See sharing formulae. Imagine the owners of this firms

Those are JV’s

Masters Energy. Ogah will recoup the money he spent on Abia Guber campaign in 4 folds before the tenure expires.

God help us

Okk nice


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Mele Kyari is working

iCauseTrouble:
Where is Invictus group?


Happy Birthday to me!!!

Trouble maker, Happy Birthday

MylezKayn:
Why wasn't the process made transparent?

Google it

Most of the companies are owned by northern men
Tribalism still thrive in nnpc nothing is transparent here

Nice concept, if I understand correctly, it is a trade by barter thing. So NNPC sells d crude oil 2 dem, in exchange dat dey sell the petrol 2 us. So dat way, dey can export d crude oil & make some money demselves.

So does it mean NNPC will no longer be importing petrol? I was informed dey're the sole importers now. I hope dey are able 2 manage it so dere won't be any scarcity.

Good one though!