NNPC slashes crude buyers from 43 to 16

The Nigerian National Petroleum Corporation on Thursday said it had reduced the number of crude oil off-takers for the proposed 2015/2016 term contract from 43 to 16.

It said the move was part of measures to optimise the marketing of the nation’s crude oil and secure new market potential.

The corporation, in a statement signed by its Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, said, “In a novel move to instill transparency and probity in the award of the annual crude oil term contract, the NNPC has mapped out measures to execute the 2015/2016 award of contract to companies for the evacuation of Nigeria’s crude oil equity from the various crude and condensate production arrangements.”

It said, “In the days ahead, we shall place advertisement for the 2015/2016 term contracts and the publication will run for one month in major national and international print media to ensure effective message penetration. Later, the guidelines for the selection of new off-takers would be published and subsequently a special bid evaluation committee would be constituted to conduct due diligence on successful applicants.”

The NNPC also clarified that apart from the earlier listed industry operators whose performance trajectory impressed the management of the corporation to invite them to bid for the proposed Offshore Processing Agreements, “the corporation is extending the invitation for competitive bidding to Forte Oil and Mobil, among others.”

It said, “We are throwing the tender process open for competitive bidding by strong industry players with track records of integrity and financial strength to execute the project.”

The nation sells its oil through annual term contracts awarded by the NNPC to a list of companies, both local and international and the firms are then eligible to buy crude throughout the year.

The list of the 2014-2015 crude oil term contracts, which was released in April last year and expanded in June, showed 28 Nigerian firms among the 43 winners.

Comments

“Stop Harassing Atiku’s Business Interests”- CC Okirie

A Port Harcourt based businessman and politician Chief Chukwuma C. Okirie has called on the Federal Government of Nigeria not to use or allow any of its agencies, parastatals or departments to be used in intimidating or harassing any business interest (s) of former vice President Alhaji Abubakar Atiku. Chief CC Okirie who is also the National Coordinator of Project AA a socio political group with wide follower-ship across the country said the former vice president of the country has sacrificed so much for democracy in the country and should not be subjected to any form of harassment due to his political ideology or aspiration. Chief Okirie who briefed newsmen during the meet the media chat with newsmen on the activities of his group PROJECT AA said it was high time Nigerians are allowed to speak their minds or aspire for any position of their choice without being witch hunted by authourities. He lamented that some people who believe they have some people in particular...

Support For GEJ: C C Okirie Commends PDP In Rivers State

A frontline politician in Rivers State Chief Chukwuma Chinwa Oikrie has commended the leadership of the Peoples Democratic Party in Rivers state under the leadership of Bro. Felix Obuah (Go Round) for the support the party has given to President Goodluck Jonathan’s second term bid. Chief Okirie made this known at Omoku Town the headquarters of Ogba/ Egbema / Ndoni local government area over the weekend when the Party opened the Campaign Office of President Goodluck Ebele Jonathan in the LGA. While thanking the state Chairman for his support, Chief Okirie stated that with the support the President has received from the party in the state, there was even no need for him to come and campaign personally. “With the tremendous support the people of the state have accorded the President, I think he should go and rest. It is even immaterial if he comes to campaign personally because the people of the state are behind him. We will give him the traditional 100% votes we have alway...

DEFECTIONS: Why Saraki, Dogara Others Must Heed Sen. Ibrahim's Call by Comrade Nwokoma Ndubuisi M.

The gale of defections in the National Assembly last week was followed by an advice from no one else than Sen. Abu Ibrahim that the Senate President Dr. Bukola Saraki as well as the Speaker of the House of Representatives Yakubu Dogara and others in the fold of the All Progressives Congress APC that are still masquerading in the party should resign their membership of the party. This call which also implies that they resign their positions as leaders of the various arms of the National Assembly is yet to be complied with by those concerned as at the time of writing this piece Whatever their reasons for still staying put in the party may be, the fact of the matter is that their continued stay in the party has become a sore which must be extricated from the body. As I watched through the proceedings of the defections on national television, I wept for the country for producing such leaders that lack morality despite all the party has given them politically which they ordin...

newsman

Search This Blog