NNPC Releases List of successful bidders for its 2017/2018 Crude Oil Term Contract

The Nigerian National Petroleum Corporation (NNPC) have released the list of successful bidders for its 2017/2018 Crude Oil Term Contract...


According to NairaNaijaNews.com the list is made up of 39 successful bidders comprising of four refineries, eleven international traders, three countries, eighteen Nigerian oil companies and two NNPC trading companies.

The four refineries were Hindustan Refinery, Varo Energy, Sonata Refinery, Bharat Petroleum and Cepsat

The international traders are Trafigura, ENOC trading, BP Trading, Total Trading, UCL Petrol Energy, Mocho, Tevier Petroleum, Heritage oil, Levene Energy, GlenCore, Litasco Supply and Trading.

While Government to Government includes India(Indian Oil Company), China(Sinopec) and South Africa (Saccoil).

The eighteen Nigerian companies were Ondo, Sahara Energy, MRS oil and gas, AA Rano, Borno, Master energy, Eterna oil and gas, Cassiva energy, Hyde energy, Britain U, North West Petroleum, Optima Energy, AMG Petroenergy, Arkleen oil and gas, Shoreline Limited, Emo oil, Set an a Energy and Prudent Energy.

The NNPC trading companies were Duke oil Limited and Carlson Hyson.

According to NNPC, A total of 224 bids were submitted by companies seeking to purchase and lift Nigerian crude oil grades for the period 2017/2018.