NNPC Awards Two-year Crude oil Lifting Contract to 50 Companies

By May 17, 2018 Investment News

The Nigerian National Petroleum Corporation, NNPC, has awarded a two-year crude oil lifting contract to 50 companies. oil rig Of the 50, 18 are foreign companies, while 32 are indigenous oil and gas operators, a development said to have been done in line with the local content policy of the Federal Government.

The list obtained by Vanguard showed that the international companies include BB Energy of Lebanon; Cepsa of Spain; Glencore of Switzerland; HPCL of India; Litasco of Russia; Mocoh of Switzerland; Petraco of Switzerland; Petrobras of Brazil; Sacoil of South Africa; SEER Unit of South Africa; SacOil of South Africa; Socar of Azerbaijan; Sonara of Cameroon; Total of France; Trafigura of Switzerland; Vitol of Britain; and Calson-Vitol/NNPC joint venture and ZR Energy.

The indigenous companies include 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; and Duke Oil (NNPC subsidiary)

Read more: Vanguard