the Nigerian National Petroleum
Corporation on Thursday said it had reduced the number of crude oil
off-takers for the proposed 2015/2016 term contract from 43 to 16.
It said the move was part of measures to optimise the marketing of the nation’s crude oil and secure new market potential.
The corporation, in a statement signed
by its Group General Manager, Group Public Affairs Division, Mr. Ohi
Alegbe, said, “In a novel move to instill transparency and probity in
the award of the annual crude oil term contract, the NNPC has mapped out
measures to execute the 2015/2016 award of contract to companies for
the evacuation of Nigeria’s crude oil equity from the various crude and
condensate production arrangements.”
It
said, “In the days ahead, we shall place advertisement for the
2015/2016 term contracts and the publication will run for one month in
major national and international print media to ensure effective message
penetration. Later, the guidelines for the selection of new off-takers
would be published and subsequently a special bid evaluation committee
would be constituted to conduct due diligence on successful applicants.”
The NNPC also clarified that apart from
the earlier listed industry operators whose performance trajectory
impressed the management of the corporation to invite them to bid for
the proposed Offshore Processing Agreements, “the corporation is
extending the invitation for competitive bidding to Forte Oil and Mobil,
among others.”
It said, “We are throwing the tender
process open for competitive bidding by strong industry players with
track records of integrity and financial strength to execute the
project.”
The nation sells its oil through annual
term contracts awarded by the NNPC to a list of companies, both local
and international and the firms are then eligible to buy crude
throughout the year.
The list of the 2014-2015 crude oil term
contracts, which was released in April last year and expanded in June,
showed 28 Nigerian firms among the 43 winners.
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