Fifteen consortia made up of experienced international companies and Nigerian downstream companies emerged successful to undertake the 2019/2020 Nigerian National Petroleum Corporation (NNPC) Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement.
The corporation announced the winners on Sunday in line with its commitment to transparency and accountability process.
The contract is for one year effective 1st October, 2019 to 30th September, 2020.
The successful companies include BP Oil international/ AYM Shafa Ltd, Vitol SA/Carlson-Hyson, Totsa Total oil/Total Nig Plc, Gunvor intl B.V/AY Maikifi oil and gas and Trafigura PTE/A.A Rano Nig Ltd.
Others are Cepsa S.A.U./Oando Plc, Mocoh SA/Mocoh Nig. Ltd., Litasco SA/ Brittania-U Nig LTD./Freepoint Commodities, MRS Oil and Gas, Sahara Energy, Bono Energy/Eterna Plc/Arkleen oil and gas/Amazon Energy as well as Matrix energy/Petratlantic energy/UTM Offshore/Levene energy.
The list also includes Mercuria energy/Barbedos oil and gas/Rainoil/Petrogas energy, Asian oil and gas/Eyrie energy/Masters energy/Casiva Ltd., and Duke Oil.
According to a release by the NNPC, the tender process comprised technical and commercial bid submission respectively, evaluation and shortlisting, then commercial negotiations with prequalified companies and engagement of the successful consortia/companies.
“Under the DSDP arrangement, the listed fifteen (15) 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”, the release said.
In his takeover note on 8 July, 2019, the newly appointed NNPC GMD, Mallam Kyari, had promised to open NNPC books to public scrutiny, saying as a publicly owned company Nigerians deserve to know about the operations of the Corporation.
He reiterated his management’s team commitment to transparency and accountability when he had a maiden Town Hall engagement with the staff of the Corporation where he launched the team’s policy direction tagged: Transparency, Accountability, Performance and Excellence (TAPE).