Nigeria awards oil purchase deals to local firms as elections loom

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    More companies given contracts this year
    * NNPC doubles number of local firms named
    * Awards delayed this year, some blame looming vote

    By Julia Payne and Libby George
    LONDON, May 15 – State oil firm NNPC has awarded 50 companies with contracts to buy Nigerian crude and more than half of them are local firms, foreign and Nigerian trading sources said.
    Of the total, 32 were local companies, doubling the number
    of awards to Nigerian firms compared to 2017.
    NNPC also awarded contracts to supply crude to 12
    governments, although it was not clear how many of the deals
    would be handled by the companies already on the list of awards.
    NNPC awards the oil purchase contracts annually, but sources
    said the deals this year were for two years not one year.
    Contract awards were announced in January last year. Sources
    said the government may have delayed an announcement this time
    by several months as it sought to line up more local firms for
    awards, so it could drum up support for next year’s election.
    The sources said a partial list of firms awarded deals
    emerged on Monday, with a final list coming out on Tuesday.

    This year’s overall total of 50 foreign and local firms was
    more than the 39 listed in 2017. The list last year also
    included three bilateral government deals.
    NNPC did not respond to calls and emailed requests for
    comment.
    Nigeria’s oil ministry said it produced more than 2 million
    barrels per day of crude and condensate in April. Exports were
    expected to average 1.8 million bpd in the first half of 2018,
    up from to 1.6 million bpd in 2017, loading programmes showed.
    The following is a preliminary list of winners:

    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 Unit of South Africa’s
    SacOil Energy Equity
    Resources Ltd
    Socar Trading arm of
    Azerbaijan’s Socar
    Sonara Cameroon refining co
    Total France
    Trafigura Switzerland
    Vitol Britain
    Calson Vitol/NNPC joint
    venture
    ZR Energy

    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)

    Deals with governments:

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

    (Additional reporting by Paul Carsten in Abuja and Amanda
    Cooper in London
    Editing by Edmund Blair)

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    Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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