Wednesday, 28 October 2015

Kilode!!!! 278 Companies Bid For NNPC’s 950,000 bpd Crude Deal

The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that 278 companies were vying to secure the contract for the trading of about 950,000 barrels per day of Nigeria’s crude oil from January 2016.
Speaking at the bid opening ceremony for the sale and purchase of crude oil grades in Abuja, Group Managing Director of NNPC, Mr. Ibe Kachikwu, said the Federal Government was committed to ensuring transparency in the trading of Nigeria’s crude oil.
He said: “The essence is to ensure that nobody needs to call me personally as Ibe Kachikwu for him to get crude allocation. So, you can imagine the burden it takes off my shoulders. It means a good amount of my time will now go into other relevant areas of operations, where the country needs me most.”
He assured the bidders that consideration would only be given to companies that are competent, credible and with the right capacity to deliver Nigeria’s crude.

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