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NNPC releases names of 39 bidders for the sale of Nigerian crude.

NNPC releases names of 39 bidders for the sale of Nigerian crude.

The Nigerian National Petroleum Corporation, NNPC, has released the names of thirty nine bidders for the sale and purchase of Nigerian crude for 2017/2018.

Announcing the results on its Website, the Group General Manager, Crude Oil Marketing Division NNPC, MELE KYARI, said the contract would run for one year effective from January1 for consecutive 12 circles of crude oil allocation.

The list comprises 39 winners with 18 Nigerian companies, 11 International Traders, five foreign refineries, three National Oil Companies and two NNPC trading arms.

It said all the contracts were for 32,000 barrels per day except Duke Oil Ltd, an oil trading arm of the NNPC, which shall be for 90,000 barrels per day.

The indigenous beneficiaries are Oando, Sahara Energy, MRS Oil and Gas, AA Rano, Bono, Masters Energy, Eterna Oil and Gas, Cassiva Energy, Hyde Energy and Brittania U.

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