The Nigerian National Petroleum Corporation (NNPC) has released the list of winners for its Direct Sale and Direct Purchase (DSDP) contract for petroleum products for 2019/2020.
The DSDP contract is an arrangement put in place by the NNPC to sustain the availability of petroleum products in the country by selling crude oil to oil companies who in turn provide petroleum products covering the value of the crude.
The new contract is for a period of one year, beginning from October 1, 2019 to September 30, 2020. It is also the first time the national oil company will be making such contracts public.
The publication of the list of 15 companies is also coming on the heels of the promise made by the new Group Managing Director of NNPC, Mele Kyari, that he would make the operations of the oil giant transparent.
A statement on Sunday by the NNPC spokesman, Ndu Ughamadu, listed the successful companies as follows:
1. BP OIL INTERNATIONAL LTD./AYM SHAFA LTD.
2. VITOL SA/CALSON-HYSON
3. TOTSA TOTAL OIL TRADING SA/TOTAL NIG. PLC
4. GUNVOR INTERNATIONAL B.V./AY MAIKIFI OIL & GAS CO. LTD.
5. TRAFIGURA PTE LTD./A. A. RANO NIG. LTD
6. CEPSA S.A.U./OANDO PLC
7. MOCOH SA/MOCOH NIG. LTD.
8. LITASCO SA/BRITTANIA-U NIG. LTD./FREEPOINT COMMODITIES
9. MRS OIL & GAS COMPANY LTD
10. SAHARA ENERGY RESOURCE LTD
11. BONO ENERGY LTD./ETERNA PLC/ARKLEEN OIL & GAS LTD./AMAZON ENERGY
12. MATRIX ENERGY LTD./PETRATLANTIC ENERGY LTD./UTM OFFSHORE LTD./LEVENE ENERGY DEVELOPMENT LTD
13. MERCURIA ENERGY TRADING SA/ BARBEDOS OIL & GAS SERVICES LTD./RAINOIL LTD./PETROGAS ENERGY
14. ASIAN OIL & GAS PTE LTD./ EYRIE ENERGY LTD./ MASTERS ENERGY OIL & GAS LTD/CASIVA LTD
15. DUKE OIL COMPANY INCORPORATED.
About 132 local and international oil companies submitted bids for the oil lifting contract that opened on the 3rd of May, 2019.
According to Ughamadu, the contract tender process comprised technical and commercial bid submission respectively, followed by the evaluation and shortlisting of the bidders, then commercial negotiations with prequalified companies and engagement of the successful consortia/companies by NNPC.
“Under the DSDP arrangement, the under 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”, Mr Ughamadu said.
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