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NNPC awards ‘juicy’ crude lifting contracts to Oando, Sahara

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The Nigerian National Petroleum Corporation (NNPC) has handed crude term lifting contracts for a two-year period to an unprecedented number of 50 companies.

Half of the beneficiaries are Nigerian companies, with suggestions that the administration is having an eye on the 2019 general election.

Previous attempts by TheCable Petrobarometer to get the full list of the lucky companies met with a brick wall at the corporation.

Included in the jealously guided list of beneficiaries are Wale Tinubu’s Oando, Sayyu Dantata’s MRS, Tonye Cole’s Sahara Energy, Obateru Akinruntan’s, Obat Petroleum owned and Ladi Bada’s Shoreline

The NNPC had in January conducted an open tender exercise for the 254 bids it received for the lifting of over one million barrels per day (bpd) of Nigeria’s crude, but refused to make public the list of beneficiaries — three months after it was billed to be announced.

Reuters has, however, revealed that the list was delayed by the federal government as it pondered over how it would use the juicy contracts to bolster its electoral fortunes in the 2019 elections.

To back up the assertion, the period of the crude lifting contract will now cover two years as against the usual one year period, thus ensuring the contracts extend beyond the 2019 elections.

“The government may have delayed an announcement this time by several months as it sought to line up more local firms for awards, so it could drum up support for next year’s election,” Reuters reported quoting sources.

NNPC spokesman Ndu Ughamadu, declined comments when contacted by TheCable Petrobarometer to confirm release of the list.

Several officials of the corporation also refused to comment on the matter.

This year’s overall total of 50 foreign and local firms was more than the 39 listed in 2017.

The list last year also included three bilateral government deals.


International trading firms and refiners   

  1. Augusta Switzerland based
  2. BB Energy Lebanon
  3. Cepsa Spain
  4. Glencore Switzerland based
  5. HPCL Indian refiner
  6. Litasco Trading arm of
  7. Russia’s Lukoil
  8. Mocoh Switzerland
  9. Petraco Switzerland
  10. Petrobras Brazil
  11. Sacoil South Africa
  12. SEER South Africa’s SacOil
  13. Energy Equity
  14. Resources Ltd
  15. Socar Trading arm of
  16. Azerbaijan’s Socar
  17. Total    France
  18. Trafigura Switzerland
  19. Vitol Britain
  20. Calson Vitol/NNPC joint
  21. venture
  22. Sonara Cameroon refining co
  23. ZR Energy

 Nigerian companies

  1. AA Rano
  2. Aipec
  3. AMG
  4. Arkleen
  5. Barbedos
  6. Bono Energy
  7. Casiva
  8. Cretus
  9. Emadeb
  10. Eterna
  11. Gladius Commodities
  12. Hinstock
  13. Leighton
  14. Levene
  15. Masters Energy
  16. Matrix
  17. MRS
  18. North West
  19. Oando
  20. Sahara Group
  21. Ocean Bed (Sahara
  22. trading subsidiary)
  23. Propetrol
  24. Prudent
  25. Setana
  26. Setraco
  27. Shoreline
  28. Ultimate Gas
  29. Voyage
  30. West African gas
  31. Zitts and Lords
  32. Obat Oil & Gas
  33. Duke Oil (NNPC
  34. subsidiary)

 Deals with governments

  1. China
  2. India
  3. South Africa
  4. Turkey
  5. Ivory Coast
  6. Ghana
  7. Liberia
  8. Niger
  9. Sierra Leone
  10. Senegal
  11. Togo
  12. Malawi
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