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Fulfilling the promise of Transparency: NNPC announces winners of 2019/20 crude oil sale, purchase contract

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The Mallam Mele Kyari led Nigerian National Petroleum Corporation (NNPC), has for the first time in history of the state oil corporation released to the public the winners of its 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) contract.

The move was to fulfill pledges made by the Group Managing Director of the NNPC, Mallam Mele Kyari, on commitment to transparency and accountability in all its operations as promised in his takeover note on 8 July, 2019.

” 15 consortia made up of reputable and experienced international companies and Nigerian Downstream companies were successful as the DSDP partners for the 2019/2020 DSDP contract, said the corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu,  in a statement.

Melee Kyari

Ughamadu revealed that the contract is for a year effective 1st October, 2019 to 30th September, 2020.

“In keeping faith with our commitment to transparency, the under listed fifteen (15) consortia would be lifting Nigerian crude oil grades in exchange for delivery of the corresponding petroleum products on value for value basis in line with the executed agreement”, the release declared.

It listed the successful companies as follows:

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 release stated that the tender process comprised technical bid submission, evaluation and shortlisting, commercial bid submission, evaluation and shortlisting, commercial negotiations and contract agreement execution.

Kyari had reiterated his Management’s team commitment to transparency and accountability when he had a maiden Town Hall engagement with the staff of the corporation where he launched the team’s policy direction tagged: Transparency, Accountability, Performance and Excellence (TAPE).

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