More companies given contracts this year
* NNPC doubles number of local firms named
* Awards delayed this year, some blame looming vote
By Julia Payne and Libby George
LONDON, May 15 – State oil firm NNPC has awarded 50 companies with contracts to buy Nigerian crude and more than half of them are local firms, foreign and Nigerian trading sources said.
Of the total, 32 were local companies, doubling the number
of awards to Nigerian firms compared to 2017.
NNPC also awarded contracts to supply crude to 12
governments, although it was not clear how many of the deals
would be handled by the companies already on the list of awards.
NNPC awards the oil purchase contracts annually, but sources
said the deals this year were for two years not one year.
Contract awards were announced in January last year. Sources
said the government may have delayed an announcement this time
by several months as it sought to line up more local firms for
awards, so it could drum up support for next year’s election.
The sources said a partial list of firms awarded deals
emerged on Monday, with a final list coming out on Tuesday.
This year’s overall total of 50 foreign and local firms was
more than the 39 listed in 2017. The list last year also
included three bilateral government deals.
NNPC did not respond to calls and emailed requests for
Nigeria’s oil ministry said it produced more than 2 million
barrels per day of crude and condensate in April. Exports were
expected to average 1.8 million bpd in the first half of 2018,
up from to 1.6 million bpd in 2017, loading programmes showed.
The following is a preliminary list of winners:
International trading firms and refiners:
Augusta Switzerland based
BB Energy Lebanon
Glencore Switzerland based
HPCL Indian refiner
Litasco Trading arm of
Sacoil South Africa
SEER Unit of South Africa’s
SacOil Energy Equity
Socar Trading arm of
Sonara Cameroon refining co
Calson Vitol/NNPC joint
Ocean Bed (Sahara
West African gas
Zitts and Lords
Obat Oil & Gas
Duke Oil (NNPC
Deals with governments:
(Additional reporting by Paul Carsten in Abuja and Amanda
Cooper in London
Editing by Edmund Blair)