As 2019 Elections Approach, NNPC Awards Oil Contracts To 50 Companies, Check Out The Winners

The Nigerian National Petroleum Corporation (NNPC) has awarded oil-lifting contracts to 50 companies and 32 of them are Nigerian firms, governments and foreign companies make up the rest.

The deals are coming with just few months to the general elections with President Muhammadu Buhari seeking reelection. The ruling party usually receives financial donations for elections from oil and gas companies and businessmen.

The 2018 oil contracts are for two years as against the previous practice of awarding one year, according to a Reuters report, suggesting that the list of awardees may be expanded.

It was reported that Nigeria’s daily oil production stands at about 2 million barrels per day but exports are lower with the shut down for repairs of the key Trans – Forcados Trunkline due to leakages.

The winners are:

Nigerian companies:

AA Rano
Aipec
AMG
Arkleen
Barbedos
Bono Energy
Casiva
Cretus
Emadeb
Eterna
Gladius Commodities
Hinstock
Leighton
Levene
Masters Energy
Matrix
MRS
North West
Oando
Sahara Group
Ocean Bed (Sahara trading subsidiary)
Propetrol
Prudent
Setana
Setraco
Shoreline
Ultimate Gas
Voyage
West African gas
Zitts and Lords
Obat Oil & Gas
Duke Oil (NNPC subsidiary)

International trading firms and refiners:

Augusta, Switzerland based
BB Energy, Lebanon
Cepsa, Spain
Glencore, Switzerland based
HPCL, Indian refiner
Litasco, Trading arm of Russia’s Lukoil
Mocoh, Switzerland
Petraco, Switzerland
Petrobras, Brazil
Sacoil, South Africa
SEER, South Africa’s SacOil Energy Equity Resources Ltd
Socar, Trading arm of Azerbaijan’s Socar
Total, France
Trafigura, Switzerland
Vitol, Britain
Calson, Vitol/NNPC joint venture
Sonara, Cameroon refining co
ZR Energy

Governments

China
India
South Africa
Turkey
Ivory Coast
Ghana
Liberia
Niger
Sierra Leone
Senegal
Togo
Malawi