By Mike Eboh

Abuja — The Nigerian National Petroleum Corporation, NNPC, yesterday, named Wale Tinubu’s Oando, Toye Cole’s Sahara Energy Resources, Sayyu Dantata’s MRS Oil and 36 other companies as winners of the crude oil term contract, for the purchase and lifting of 1.306 million barrels per day of Nigeria’s crude oil for 2017/2018, effective January 1, 2017.

NNPC, in a statement in Abuja, said that the 39 successful bidders comprised 18 Nigerian companies, 11 international oil traders, five foreign refiners, three National Oil Companies, (NOCs) and two NNPC trading arms.

According to the corporation, all the contracts are for 32,000 barrels per day except Duke Oil Ltd, an oil trading arm of the NNPC, which shall be for 90,000 barrels per day.

Group General Manager, Crude Oil Marketing Division, COMD, of the corporation, Mr. Mele Kyari, said that the contract will run for one year effective January 1, 2017 for consecutive 12 circles of crude oil allocation.

The other Nigerian companies are: Sayyu Dantata’s MRS Oil and Gas, Uche Ogah’s Masters Energy, Alhaji Auwalu Rano’s A.A. Rano Nigeria Ltd, Oladimeji Edwards’ Hyde Energy, and Uju Ifejika’s Britania-U.

The list also include North West Petroleum and Optima Energy, AMG Petroenergy, Arkleen Oil & Gas Ltd, Shoreline Ltd, Emo Oil, Setana Oil and Prudent Energy.
The International oil traders are Trafigura, ENOC, BP Trading, Total Trading, UCL Petro Energy, Mocoh Trading, Trevier Petroleum, Heritage Oil, Levene Energy, Glencore and Litasco Supply and Trading Company.
In the government-to-government category, the companies are India Oil Company, Sinopec of China and Saccoil of South Africa, while the two NNPC subsidiaries are Duke Oil and Carlson Hyson.

A total of 224 bids were submitted by companies seeking to purchase and lift Nigerian crude oil grades for the period 2017/2018.

During the bid opening in November 2016, Group Managing Director of NNPC, Mr. Maikanti Baru, had assured the public that NNPC would ensure due process, transparency and fairness in the selection process.

“We will ensure transparency and fairness in the process. There is nothing that is hidden just as you have seen today,” Baru had stated.

Baru had also disclosed that the number of companies bidding dropped from 278 in 2015/2016 to 224 at present, due to the strengthening of the criteria for prospective bidders.

He said NNPC was targeting crude oil refiners, big oil traders, as well as companies that had made substantial investments in the Nigerian oil and gas industry, particularly in the downstream sector.

Baru further stated that the huge number of bidders, despite the stringent conditions, was an indication of the fact that Nigeria’s crude oil grades were in high demand across the globe.

He said: “There have been speculations that we are struggling for market. That is not true. Nigerian crude has continued to earn premiums and they are hot cake for refiners. Because of the light nature of the crude, it induces very high yields on the valuable products that you produced from crude oil. Nigerian crude continues to maintain market.

“In fact, contrary to a lot of speculations that a lot of Nigerian crude goes to China, it does not. Most of them are consumed and refined in India and Europe, particularly, this year and last year, most of Nigerian crude ends up in European refineries.”

http://www.vanguardngr.com/2017/01/tinubu-dantata-cole-ogah-others-clinch-nigerias-1-3mbd-oil-lifting-deal/

Toh

How transparent does this look?

Na yoruba and north oil be that.
If you thinking of n/d think again.

Names of the true owners of the 36 other companies or......



Transparency my foot

Very soon, some ethnic bigots will storm the thread to hurl anti APC/PDP insults at each other.

The bottom line is that these guys only care about their financial interests.

In case they don't know, ......

See our oil........

Wonderful people

I am getting there some day.

And you guys are wondering where our problem in this country is coming from?

wat about the jar of oil dat was found in lagos??

This is why the restiveness in the Niger delta remains unabated!
God Bless Nigeria

Owo de !!!

na to apply go these companies o...no time

Noted

I didn't see my company's name there o we would not accept this

when it comes to stealing our commonwealth...they speak one language...
Stay on nairaland and make more enemies...while they continue recycling the money amongst themselves...

realjoker:
By Mike Eboh


http://www.vanguardngr.com/2017/01/tinubu-dantata-cole-ogah-others-clinch-nigerias-1-3mbd-oil-lifting-deal/

Amazing I do now understand why Ifeanyi Ubah (Capital Oil ) join APC . ....God bless Naija

It's all about the oil.. It's all about the oil..

The rich are getting richer, may God bless and help the low class people

If i hear, we are being marginalised from these funny people...

Sahara energy- Tunde ayeni, Tonye Cole Yoruba/Niger deltan

Mrs oil-Dantata-Hausa/Fulani

Alhaji Wada rano- Hausa/Fulani

Uchechukwu ogah-masters energy-Igbo

Mr tukur- eternal oil and gas-Hausa/Fulani

Uju ifejika- brittania u-Igbo

Winifred akpani- north west petroleum-Niger deltan

Risqua muritala Muhammad- amg petrol energy-Hausa/Fulani

Wale Tinubu-Oando-Yoruba

Dr Gregory ero-Arkleen oil and gas-Niger deltan

Kola kareem- shoreline energy-Yoruba

Emmanuel ojei- emo oil-Niger deltan

Chika okafor setana energy-Igbo

Abdulwasiu sowami- prudent energy-Yoruba

another era of IDFAK on nairaland , we all scaled through gaari era, who e epp era, now i don give a Bleep era, na waa eyin ara mi ni nairaland

limeta:
Na yoruba and north oil be that.
If you thinking of n/d think again.

Please boy open your eyes biko can't you read Can't you see so many Nigeria Oil Company on the list so are all those oil companes Yoruba and Hausa company Pls what is the matter with you

Read, Read and Read before responding.

Ogah is Yoruba or Hausa isn't
Duke is Yoruba or Hausa isn't

What I was expecting from you is to question the credibility and the reason why these set of companies or people

Them son hammer! Anyway, more "likes" today is my day!

Where is Tonye Cole from?
Is he not from the Niger Delta?

Big Boys

fapcrook:
another era of IDFAK on nairaland , we all scaled through gaari era, who e epp era, now i don give a Bleep era, na waa eyin ara mi ni nairaland

lol.