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NNPC: 15 firms to export crude, return equivalent refined products emerge

Again, chances of local refineries coming back from comatose to productivity in the next one year may have been botched following Sunday’s release of names of successful mega 15 oil and gas shipping companies by the Nigerian National Petroleum Corporation (NNPC) under the endless  Direct Sales and Direct Purchase (DSDP) of Crude oil contract for 2019/2020.

A statement made available by the Corporation’s spokesman, Mr Ndu Ughamadu, in Abuja, disclosed that “The contract is for one year, effective 1st October, 2019 to 30th September, 2020.”  NNPC noted that the announcement was in line with the corporation’s commitment to transparency and accountability in its activities as committed by the new Group Managing Director, Mr. Mele Kyari.

Ughamadu averred that “Following the completion of the 2019/2020 DSDP tender exercise, 15 consortia/companies, made up of reputable and experienced international companies and Nigerian Downstream companies, emerged successful to undertake the 2019/2020 DSDP arrangement.

The successful companies that won the contracts are:

BP OIL INTERNATIONAL LTD./AYM SHAFA LTD.

VITOL SA/CALSON-HYSON

TOTSA TOTAL OIL TRADING SA/TOTAL NIG. PLC

GUNVOR INTERNATIONAL B.V./AY MAIKIFI OIL & GAS CO. LTD.

TRAFIGURA PTE LTD./A. A. RANO NIG. LTD…

CEPSA S.A.U./OANDO PLC

MOCOH SA/MOCOH NIG. LTD.

LITASCO SA/BRITTANIA-U NIG. LTD./FREEPOINT COMMODITIES

MRS OIL & GAS COMPANY LTD

SAHARA ENERGY RESOURCE LTD

BONO ENERGY LTD./ETERNA PLC/ARKLEEN OIL & GAS LTD./AMAZON ENERGY

MATRIX ENERGY LTD./PETRATLANTIC ENERGY LTD./UTM OFFSHORE LTD./LEVENE ENERGY DEVELOPMENT LTD

MERCURIA ENERGY TRADING SA/ BARBEDOS OIL & GAS SERVICES LTD./RAINOIL LTD./PETROGAS ENERGY

ASIAN OIL & GAS PTE LTD./ EYRIE ENERGY LTD./ MASTERS ENERGY OIL & GAS LTD/CASIVA LTD

DUKE OIL COMPANY INCORPORATED.

Whereas almost all the firms are rooted in the hands of foreign investors who serve as transit backbones, NNPC however, added that “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 by NNPC.

“Under the DSDP arrangement, the aforementioned fifteen 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,” he added

The statement maintained silence on how, when and models to follow in the GMD’s assurance that by 2023, Nigeria will begin export of refined products than the ongoing DSDP scheme.