Shell Nigeria Yudala
224 firms bid for NNPC crude contracts

By News Express on 25/11/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 584


Transparency in the operations of the Nigerian National Petroleum Corporation, NNPC, was sustained on Thursday with the public opening of 224 bids submitted by companies seeking to buy and lift Nigerian crude oil grades for 2016/2017.

Successful companies would participate in the lifting of about 700, 000 barrels per day of crude oil on offer by the NNPC on Free on Board (FOB) basis subject to the execution of sales and purchase agreement with buyers.

The event which was broadcast live on a national television network had in attendance representatives of the bidding companies and officials of the Bureau of Public Procurement, BPP, Department of Petroleum Resources, DPR, Nigerian Extractive Industries Transparency Initiative, NEITI, Nigerian Content Development and Monitoring Board, NCDMB, and some members of the civil society as observers.

Speaking at the event, Group Managing Director of the NNPC, Dr. Maikanti Baru, said that the public bid opening was in consonance with the transparency and accountability agenda of President Muhammadu Buhari in the oil and gas industry.

“We do everything transparently in NNPC and also ensure fairness in all the transactions that we do; there is nothing that is hidden just as you have seen today,” Baru stated.

He indicated that the exercise was targeted at getting competitive bids from refiners, and also big traders, as well as companies that have made substantial investment in the oil and gas industry particularly in the downstream sub-sector in Nigeria.

The GMD dismissed insinuation that Nigerian crude grades were receiving low patronage in the international market noting that the demand for Nigerian crude remained high because of its low sulphur content.

The 26 Nigerian crude oil grades on offer include: Bonny Light, Forcados Blend, EA Blend, Bonga, Qua Iboe Light, Yoho Blend, Erha and Escravos Light. Others are; Pennington Light, Agbami, Brass Blend, Abo, Oyo, Okono Blend, Amenam Blend, Akpo Condensate and Usan. The rest include: Atam Blend, Okwori, Okoro, Ima, Ukpokiti, Obe, Okwuibome, Ebok and Asaratoru. (NAN)

•Photo shows NNPC GMD Maikanti Baru.

Source News Express

Posted 24/11/2016 10:31:15 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Police wades into Legislative Aides crisis, invites dissident...

Boko Haram’s Ameer (Emir), Mechanic in military’s net...

Why Fr. Mbaka’s rebellion is bad news for...

We’ll join hands with FG to crush Boko...

Ex-Chief of Air Staff in EFCC net

Ondo Polls: Amosun, Peterside hail Akeredolu

Brazil’s ex-President agrees to be chief of staff...

Amnesty Programme: Coordinator reassures beneficiaries of FG's commitment...

Edo APC governorship aspirants reject primary election result...

Floods ravage over 300 houses in Kaduna, displace...

Open varsity holds matriculation ceremony

FG to Nigerians: We are working hard to...

 

Latest News Pro-Biafra groups adopt UPP, form new movement New measures adopted to tackle Boko Haram terrorists Nigeria now second largest producer of rice in the world: Presidency Expansion of Lagos-Ibadan bridge begins Sky taxi to begin regular operations in Dubai from July FAAN inaugurates 216 security officers, fire fighters Niger Delta: Stakeholders commend FG on proposed modular refineries Nigerian ambassadors-designate to be posted in May Gates Foundation spends $250 million in Nigeria Nigerian youths as self-enemies, By Bolaji Abdullahi CSNAC petitions EFCC, seeks investigation into disbursement of Micro, Small and Medium Enterprises Dev. Fund Mashi, square peg in square hole at NIMET

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (228,476 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (207,956 views) Shameless Genevieve Nnaji exposes breasts in public (173,085 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (160,249 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (146,356 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (130,336 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (114,325 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (114,045 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (101,639 views) Lagos plane crash: Journalist releases victims’ names (97,455 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (92,376 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (80,971 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (26) Business (2,460) Business Verdict (14) Columnists (630) Complaints & Requests (81) Enterprise & Opportunities (137) Entertainment (288) Features (379) Global Business Monitor (136) International (1,262) Interviews (113) Live Commentary (28) Love Matters (40) News (21,575) Opinion (638) Pidgin (8) Politics (3,569) Religion (478) Sports (1,230) Stock Watch (12) AMA & Al Jazeera Global Update

 

 

CBN Advert

 

Tuface Idibia Cancels February 6 Planned National Protest

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!