50 firms win contracts to lift Nigeria’s crude in 2018/2019 (FULL LIST)

Fifty indigenous and foreign companies have been awarded contracts to lift Nigeria’s crude for the 2018/2019 crude oil term.

The 50 companies were among a total of 254 that participated in the bids held last January for the sale and purchase of the Nigerian National Petroleum Corporation (NNPC) equity crude under the 2018/2019 crude oil term contracts.

Although the firms have not been officially announced by the NNPC, insiders at the state-oil firm confirmed the 50 selected firms to PREMIUM TIMES. The formal announcement is expected anytime soon.

At the bids opening ceremony in January, the Nigerian National Petroleum Corporation (NNPC) spokesperson, Ndu Ughamadu, said eventual winners would be selected as licensed off-takers to trade on Nigeria’s equity crude for a 12 months period.

During the exercise in January, the NNPC Group Managing Director, Maikanti Baru, told prospective bidders that the exercise was to promote greater participation of Nigerian enterprises, while preserving world-class standards.

The Group General Manager, Crude Oil Marketing Division, Mele Kyari, listed some of the conditions potential off-takers were expected to meet under the 2018/2019 crude term contract

These include, possessing a minimum annual turnover of $500 million for 2016 and net worth of $250 million for 2016, apart from having the 2015 & 2016 audited accounts.

Mr Kyari said prospective off-takers was expected to equally demonstrate the capacity to establish an irrevocable Letter of Credit (LC) subject to contract terms.

Other conditions bordered on the marketability of Nigeria’s crude oil in the international market, particularly in Europe, which has remained the major market for Nigeria’s 26 crude oil grades.

The 26 Nigerian crude oil grades on offer included Bonny Light, Forcados Blend, EA Blend, Bonga, Qua Iboe Light, Yoho Blend, Erha and Escravos Light. Others are: Pennington Light, Agbami, Brass Blend, Abo, Oyo, Okono Blend, Amenam Blend, Akpo Condensate and Usan. The rest include: Atam Blend, Okwori, Okoro, Ima, Ukpokiti, Obe, Okwuibome, Ebok and Asaratoru.

Mr Kyari said successful bidders would join in lifting over 700,000 barrels per day of crude oil by NNPC on Free on Board (FOB) basis.

	COMPANIES	CEO/OWNERSHIP
1	AA Rano	ALH (Dr) AUWALU ABDULLAHI RANO
2	Aipec oil and gas limited	Tayo Awogboro
3	AMG	Mr. Risqua Murtala Muhammed (Group CEO)
4	Arkleen	Bruce Wilson
5	Augusta	Giuseppe Nestola
6	Barbedos	Mr. Shafii Aliyu
7	BB Energy	Khaled Bassatne
8	Bono Energy	Banjo Omisore
9	Calson	NNPC
10	Cassiva	Alhaji Nasiru H. Danu
11	Cepsa	Mr. Pedro Miro Roig
12	Cretus
13	Emadeb	Mr. Adebowale Olujimi
14	Eterna	Mr. Mahmud Tukur
15	Gladius Commodities	Omotayo Dina
16	Glencore	Ivan Glansenberg
17	Hinstock
18	HPCL	Mr. Mukesh Kumar Surana
19	Leighton	Bowale Jolaoso
20	Levene	Temitayo Ogunbanjo
21	Litasco	Tim Bullock
22	Masters Energy	Uchechukwu Samson Ogah
23	Matrix	Abdulkabir Adisa Aliu
24	Mocoh	Micheal Hacking
25	MRS	Mr. Andrew Gbodume
26	North West	Mrs. Winifred Akpani
27	Oando	Adewale Tinubu
28	Ocean bed (Sahara)	Tonye Cole
29	Petraco	Ingeborg Srenger
30	Petrogas	Usama Al Barwani
31	Propetrol	Harry Ebohon
32	Prudent	Abdulwasiu Sowami
33	Sacoil ( Efora Energy)	Dr Thabo Kgogo
34	Sahara	Tonye Cole
35	SEER
36	Setana Energy	Edward Edozien
37	Setraco	Chief Abu Inu- Umoru
38	Shoreline	Kola Karim
39	Socar	Arzy Azimov
40	Sonara	Ibrahim Talba Malla
41	Total	Mr Alexis Vovk
42	Trafigura	Jeremy Weir
43	Ultimate gas (Rahamaniyya)	Rahamaniyya
44	Vitol	Russell Hardy
45	Voyage	Hajiya Bola Shagaya
46	West African Gas	Walter Perez
47	Zitts and Lords	Okojie Samuel
48	ZR Energy ( Trafigura)
49	Obat oil and gas	Prince Femi Akinruntan
50	Duke oil	Mr Inuwa Waya