The Nigerian National Petroleum Corporation, NNPC, has awarded a two-year crude oil lifting contract to 50 companies. oil rig. June, 2021. The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020. The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the countryâs crude oil for the next two years.The crude term contracts, expected to run from 2021 through 2023, would see the firms and the selected nations, which would operate on a Government-to-Government (G2G) basis [â¦] The Nigerian National Petroleum Corporation (NNPC) has released the list of 15 winners of the crude oil lifting contracts 2019/2020 under the Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement.. The Nigerian National Petroleum Corporation (NNPC) on Sunday released the list of 15 winners of the crude oil lifting contracts 2019/2020 under the Direct Sale of ⦠The companies are expected to lift at least 1 million barrels of crude per day out of the countryâs output of around 1.5 million barrels per day due to OPEC+ cuts. The request for bids to lift Nigerian crude and condensates was published yesterday and will be valid for one year. oil rig. Abuja â The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of â¦43.57bn in April 2021 representing a 23.64% increase over the â¦35.24bn surplus it recorded in the previous month of March 2021. ... November 25, 2021. The Nigerian National Petroleum Corporation (NNPC) has announced the opening of invites to interested local and international companies to submit bids for crude oil contracts for the year 2021. The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the countryâs crude oil for the next two years. NOTE: Because of the huge cost required to lift crude oil from NNPC, only few sellers are able to purchase directly from NNPC. 0. The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the countryâs crude oil for the next two years. NNPC Contracts Innoson Motors To Manufacture CNG Cars For Nigerians Nov 26, 2021 The five-year project financing facility would enable the NNPC to fund its operations and it is expected to be repaid from proceeds of crude oil lifting. Those qualified to apply to the NNPC for Crude Oil Purchase include the following: A bonafide end user who owns a refinery or retail outlet that can process Nigerian crude oil grades. According to Reuters, NNPC has awarded 50 companies with crude export contracts. To access the ⦠4.2 LIFTING SCHEDULE Not later than thirty (30) days before the commencement of the relevant Month that the BUYER is programmed to lift Crude Oil, the SELLER shall notify BUYER of the The NNPC is expected to enter an FSA through which it will deliver 35,000 barrels of crude oil per day, which will permit the corporation to conduct its repayment process to the bank, similar to previous arrangements with some of its other joint venture companies, wherein the NNPC uses crude oil to net its cash call debt obligations. This comes two months after an ex-Glencore trader admitted to paying bribes to NNPC over oil lifting contracts. Bidders are competing for a term contract that runs for ⦠NNPC awards crude-for-fuel swap contracts July 16, 2019 674 views 0 comments The Nigerian National Petroleum Corporation (NNPC) has issued award letters for contracts to exchange crude oil for imported petroleum products, Reuters quoted sources familiar with the matter as saying. The contracts cover 991,000 barrels per ⦠INTRODUCTION: Nigerian National Petroleum Corporation (NNPC) is empowered pursuant by the NNPC Act (LFN Cap. They said that the ⦠The current Nigerian crude oil term contracts (2018-20) involve the export of around 1 million b/d of crude and condensate, out of the 2.2 million b/d Nigeria has the capacity to produce. The Nigerian National Petroleum Corporation (NNPC) has on Monday announced the opening of invite to interested local and international companies to submit bids for crude oil contracts for the year 2021. The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the countryâs crude oil for the next two years. The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the countryâs crude oil for the next two years. The duration of the contract shall be for period of one year. While Nigerians hope the NNPC will one day answer this, the corporation spent at least $4.57bn on lifting crude for petrol outside the DSDP deal ⦠The Nigerian National Petroleum Corporation, NNPC, has awarded a two-year crude oil lifting contract to 50 companies. The contracts cover 991,000 barrels per day (bpd) of oil, worth $13.5 billion at ⦠Compared to the previous month, the overall NNPC crude oil lifting was 5.79Mbbls in August 2021, a record of 33.5 per cent decrease relative to the 8.71Mbbls lifted in July 2021. NNPC awards new crude oil lifting contracts to 21 firms. The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the countryâs crude oil for the next two years. NNPC TOWERS, HERBERT MACAULAY WAY, P.M.B. The Nigerian National Petroleum Corporation plans to award 80 per cent of crude lifting contracts to one of its subsidiaries, the NNPC Trading Limited. Compared to the previous month, the overall NNPC crude oil lifting was 5.79Mbbls in August 2021, a record of 33.5 per cent decrease relative to the 8.71Mbbls lifted in July 2021. Nigerias state oil firm, the Nigerian National Petroleum Corporation (NNPC) has awarded 50 companies with contracts to lift Nigerian crude and more than half of them are local firms. In a related development, the Nigerian National Petroleum Corporation (NNPC), has extended, for six months, its contracts with private oil companies to swap crude oil for fuel, even as the corporationâs legal team has saved the country about $5 billion. The Nigerian National Petroleum Corporation plans to award 80 per cent of crude lifting contracts to one of its subsidiaries, the NNPC Trading Limited. ⦠The balance of N878bn was distributed for other expenditures including crude oil lifting inspection expenses. They include 18 Nigerian companies and two owned by NNPC. Group Managing Director of the Nigerian National Petroleum Corporation NNPC has said that the decline in oil theft was as a result of concerted efforts made by ⦠Another corruption case of huge proportions has just emerged in revelations in court proceedings in New York and London, where witnesses deposed that bribes arising from crude oil lifting contracts awarded by the corporation were given on the understanding that they would go towards ⦠NNPC says its revenue grew by 17.73% in April 2021.
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