The Nigerian National Petroleum Corporation (NNPC) on Thursday named Sahara Energy, Oando, MRS and 36 others as successful bidders of its 2007/2018 crude oil term contract, effective January 1, 2017.
According to NNPC, the 39 successful bidders comprised 18 Nigerian companies, 11 international oil traders, five foreign refiners, three National Oil Companies, (NOCs) and two NNPC trading arms.
NNPC explained that all the contracts are for 32,000 barrels per day except Duke Oil Ltd, an oil trading arm of the NNPC, which shall be for 90,000 barrels per day.
Explaining further, Group General Manager, Crude Oil Marketing Division (COMD) Mele Kyari, said that the contract will be for consecutive 12 circles of crude oil allocation.
Also on the list are other Nigerian companies such as: Masters Energy, Rano Nigeria Ltd, Hyde Energy, Britania-U, North West Petroleum and Optima Energy, AMG Petroenergy, Arkleen Oil & Gas Ltd, Shoreline Ltd, Emo Oil, Setana Oil and Prudent Energy.
The International oil traders are Trafigura, ENOC, BP Trading, Total Trading, UCL Petro Energy, Mocoh Trading, Trevier Petroleum, Heritage Oil, Levene Energy, Glencore and Litasco Supply and Trading Company.
Meanwhile, in the government-to-government category, the companies are India Oil Company, Sinopec of China and Saccoil of South Africa, while the two NNPC subsidiaries are Duke Oil and Carlson Hyson.
