GTB 737 banner Yudala banner

224 firms bid for NNPC crude contracts

By News Express on 25/11/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 1,668


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 25/11/2016 05:31:15 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

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!

 

You may also like...
Nigerian businessman killed in South Africa

Battle of Jo’burg: EAGLES TALK TOUGH, say: Burkinabes...

Ngilari writes PDP National Chairman, protests exclusion from...

IT WASN’T BOKO!: Police confirm Lagos explosion but...

6 foreigners in army’s net over terrorism

Boko Haram abducts more women

Ajimobi plans to restructure Oyo civil service, tackle...

Election postponement not enough; What INEC and electoral...

Niger increases salary of health workers, recruits 400...

Unveiled: Names of abducted Chibok schoolgirls so far...

EFCC introduces anti-corruption course to universities

Herdsmen kill royal father, bodyguard and driver

 

Latest News Of Reps, INTELS and national interest, By Abang Asuquo Presidency shops for new Inspector-General of Police •Screens 2 DIGs, 3 AIGs 411 Boko Haram fighters killed in Borno air strike Minister blames Civil Service Commission, Head of Civil Service for reinstatement of ex-Pension boss accused of misappropriating N195bn Court documents expose IGP Ibrahim Idris •His donations to Aisha Buhari, Institute FEC to approve N8.60trn 2018 budget estimates this week Enugu polls: APC kicks as Electoral Commission disqualifies 72 candidates CBN to bar fraudsters from banking transactions for 10 years Former Boko Haram hostages stranded at Cameroon-Nigeria Border Oil price inches towards $60 a barrel Ondo to revive LNG company Anambra Guber: What will decide the winner — Chidoka

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (288,092 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (270,996 views) Shameless Genevieve Nnaji exposes breasts in public (218,596 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (184,131 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,682 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (162,461 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (140,848 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,822 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,828 views) Lagos plane crash: Journalist releases victims’ names (114,311 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (112,258 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,601 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,734) Business Verdict (25) Columnists (758) Complaints & Requests (93) Enterprise & Opportunities (183) Entertainment (396) Features (497) Global Business Monitor (187) International (1,589) Interviews (134) Live Commentary (28) Love Matters (79) News (29,553) Opinion (827) Pidgin (8) Politics (3,995) Religion (645) Sports (1,340) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

#MonkeyPox outbreak

 

APO Group Partner

 

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

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!