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.

2Aipec oil and gas limitedTayo Awogboro
3AMGMr. Risqua Murtala Muhammed (Group CEO)
4ArkleenBruce Wilson
5AugustaGiuseppe Nestola
6BarbedosMr. Shafii Aliyu
7BB EnergyKhaled Bassatne
8Bono EnergyBanjo Omisore
10CassivaAlhaji Nasiru H. Danu
11CepsaMr. Pedro Miro Roig
13EmadebMr. Adebowale Olujimi
14EternaMr. Mahmud Tukur
15Gladius CommoditiesOmotayo Dina
16GlencoreIvan Glansenberg
18HPCLMr. Mukesh Kumar Surana
19LeightonBowale Jolaoso
20LeveneTemitayo Ogunbanjo
21LitascoTim Bullock
22Masters EnergyUchechukwu Samson Ogah
23MatrixAbdulkabir Adisa Aliu
24MocohMicheal Hacking
25MRSMr. Andrew Gbodume
26North WestMrs. Winifred Akpani
27OandoAdewale Tinubu
28Ocean bed (Sahara)Tonye Cole
29PetracoIngeborg Srenger
30PetrogasUsama Al Barwani
31PropetrolHarry Ebohon
32PrudentAbdulwasiu Sowami
33Sacoil ( Efora Energy)Dr Thabo Kgogo
34SaharaTonye Cole
36Setana EnergyEdward Edozien
37SetracoChief Abu Inu- Umoru
38ShorelineKola Karim
39SocarArzy Azimov
40SonaraIbrahim Talba Malla
41TotalMr Alexis Vovk
42TrafiguraJeremy Weir
43Ultimate gas (Rahamaniyya)Rahamaniyya
44VitolRussell Hardy
45VoyageHajiya Bola Shagaya
46West African GasWalter Perez
47Zitts and LordsOkojie Samuel
48ZR Energy ( Trafigura)
49Obat oil and gasPrince Femi Akinruntan
50Duke oilMr Inuwa Waya


PT Mag Campaign AD

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


TEXT AD: To advertise here . Call Willie +2347088095401...

BE THE FIRST TO KNOW! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.