Kyari Fulfils Promise As NNPC Announces Winners Of New DSDP Oil Contracts

The Mallam Mele Kyari-led Nigerian National Petroleum Corporation (NNPC) has made good its promise to be more transparent and accountable by publishing all crude oil term contracts awarded by the Corporation.

Advertisement

This comes as the NNPC on Sunday published the names of 15 firms that have been awarded contracts to lift Nigeria’s crude for the 2019/2020 crude oil term from October 1, 2019 to September 30, 2020.

The development is in fulfillment of the promise GMD Kyari recently made to the Nigerian Extractive Industries Transparency Initiative (NEITI) that the NNPC would henceforth make public the winners of bids for the Corporation’s Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) contracts.

“NNPC will publish its audited accounts next week, and it will publish all crude oil term contracts holders and Direct Sales and Direct Purchase,” Kyari had said when NEITI Executive Secretary, Waziri Adio, recently led his team on a courtesy visit to the NNPC Towers. 

Speaking in a statement by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, the Corporation said its decision to make public the winners of the new oil contracts is in line with its commitment to transparency and accountability in all its operations as recently promised by the new GMD.

Ughamadu said out of several contractors that participated in 2019/2020 DSDP tender exercise, “15 consortia made up of reputable and experienced international companies and Nigerian Downstream companies” made the cut after undergoing technical bid submission, evaluation and shortlisting, commercial bid submission, evaluation and shortlisting, commercial negotiations and contract agreement execution.

Advertisement

“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,” said the spokesperson. He gave the names of the 15 successful firms to partner NNPC in 2019/2020 crude oil term as:

  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.

When Kyari assumed office as NNPC’s new GMD on July 8, 2019, he promised in his inaugural speech to improve transparency, accountability and performance excellence in the Corporation.

“Under my leadership, NNPC will strive to be more credible, competent and accountable institution that manages the oil resources on behalf of the citizens of Nigeria in accordance with its mandate and the core persuasions of President Muhammadu Buhari,” he had said, adding “For NNPC to maintain positive image, more transparency, shared values of integrity and professionalism must permeate every level of the Corporation.”

The GMD also restated NNPC’s commitment to align with the targeted efforts of the global transparency group, Extractive Industries Transparency Initiative (EITI), “as a means of sharing best practices and improving disclosure of information on the management of the Nation’s oil and gas revenues.”

EITI, in its congratulatory message to Kyari, had tasked the NNPC GMD on greater transparency and accountability in the Corporation’s operations, while assuring him of the full support of the global transparency watchdog.

Advertisement

Leave a comment