NNPC Opens Bid for Purchase of Petroleum Product, Direct Crude Sale

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SWITZERLAND, DECEMBER 08 – The Nigerian National Petroleum Corporation(NNPC) has announced the call for tenders for 2021 – 2022 Direct Sale of Crude Oil & Direct Purchase of Petroleum Products.

A document made available to Today’s Echo, partly reads, “In compliance with the Public Procurement Act 2007 and NNPC’s Policy and Procedures, NNPC intends to engage qualified and credible companies in a Direct Sale of Crude Oil and Direct Purchase of Petroleum Product (DSDP) to ensure sustained product supply in the country.”

Under the deal, the NNPC shall deliver monthly crude oil lifting on Free on Board (FOB) basis to supplier who shall in return, deliver petroleum products of Nigerian standard specification to NNPC on Delivered at Place (DAP) basis, at designated safe port (s) in Nigeria. The petroleum products to be delivered shall be equivalent in value to the Crude Oil received from NNPC.

Those eligible to apply for the contract include established international end users who own a refineries with the capacity to process Nigerian crude oil grades, established and globally recognized large volume Petroleum Product Trading Companies with a Nigerian affiliate or subsidiary experienced in downstream oil and gas business, and indigenous companies engaged in Nigerian oil and gas downstream activities with trading of petroleum product expertise.

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