The Nigerian National Petroleum Corporation has published the winners of its 2019/2020 contracts for the trade of crude oil for imported petroleum products.
15 groupings, with 36 companies in total, will engage in the 2019/2020 Direct Sale of crude oil and Direct Purchase of petroleum product arrangement, according to a statement released on Sunday.
Under the DSDP scheme, companies, including international trading houses and indigenous companies, are allocated crude supplies in exchange for the delivery of an equal value of petrol and other refined products to the NNPC.
This was revealed in a statement by its Group General Manager, Group Public Affairs Division – Mr Ndu Ughamadu. He said 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, Malam Mele Kyari.
“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 contract is for one year, effective 1st October, 2019 to 30th September, 2020,” he said.
The winners include
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.
The NNPC said the tender process comprised technical and commercial bid submission, evaluation, shortlisting, and commercial negotiations with prequalified companies and engagement of the successful consortia/companies.
“Under the DSDP arrangement, the 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,” it said.
The NNPC announced in May this year that 132 firms submitted bids for the 2019 DSDP scheme.