Energy

Nine months to 2019 Elections: NNPC awards oil-lifting contracts to 50 companies

Published

6 years ago

May 15, 2018

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About nine months to the 2019 general elections, the Nigerian National Petroleum Corporation (NNPC) has awarded oil-lifting contracts to 50 companies and 32 of the beneficiaries are Nigerian firms, while governments and foreign companies complete the figure.

The oil contracts are awarded in views of the fact that President Muhammadu Buhari is seeking reelection for a second term; whereas there is the history of the ruling party receiving financial donations for electioneering campaigns from oil and gas companies and businessmen.

The 2018 oil contracts are award for two years duration unlike in the past as when such contracts were awarded for one year. There were indicators that the list of beneficiaries may have been expanded.

Nigeria’s daily oil production is about two million barrels per day. Currently, exports were said to ne lower with the shutdown for repairs of the key Trans – Forcados Trunkline due to leakages.

The list released on Tuesday indicated that the contract winners include the following:

Nigerian companies:

AA Rano
Aipec
AMG
Arkleen
Barbedos
Bono Energy
Casiva
Cretus
Emadeb
Eterna
Gladius Commodities
Hinstock
Leighton
Levene
Masters Energy
Matrix
MRS
North West
Oando
Sahara Group
Ocean Bed (Sahara trading subsidiary)
Propetrol
Prudent
Setana
Setraco
Shoreline
Ultimate Gas
Voyage
West African gas
Zitts and Lords
Obat Oil & Gas
Duke Oil (NNPC subsidiary)

International trading firms and refiners:

Augusta, Switzerland based
BB Energy, Lebanon
Cepsa, Spain
Glencore, Switzerland based
HPCL, Indian refiner
Litasco, Trading arm of Russia’s Lukoil
Mocoh, Switzerland
Petraco, Switzerland
Petrobras, Brazil
Sacoil, South Africa
SEER, South Africa’s SacOil Energy Equity Resources Ltd
Socar, Trading arm of Azerbaijan’s Socar
Total, France
Trafigura, Switzerland
Vitol, Britain
Calson, Vitol/NNPC joint venture
Sonara, Cameroon refining co
ZR Energy