Friday, 14 October 2016

Oando, Forte Oil, 25 others get crude lifting contracts

The Nigerian National Petroleum Corporation has increased the number of companies referred to as off-takers of the country’s crude oil from 21 to 27.
Last December, the corporation announced the award of its 2016 crude oil term contracts to 21 companies comprising international refiners, trading houses and indigenous downstream firms.
But the NNPC revealed on its website on Thursday that 27 companies had been designated to be involved in the crude lifting process.
The corporation had in October last year unveiled 278 bids by firms seeking to secure the contracts and stated that 16 would eventually get the award for the sale and purchase of the 26 Nigerian crude oil grades on offer.

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