The Nigerian National Petroleum Corporation (NNPC) has released the list of 15 consortiums/companies, that won contracts to lift crude oil for 2019/2020 under the Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement.
The total number of companies involved are 36 but divided into 15 groups.
Group Managing Director of the corporation, Mele Kyari, had earlier promised to make the list public as part of his commitment to ensuring transparency and accountability in the operations of the national oil company.
The contract is for one year effective October 1, 2019, till September 30, 2020.
According to a statement by the NNPC spokesperson, Ndu Ughamadu, the list of the 36 successful companies in 15 operational groups include:
- BP OIL INTERNATIONAL LTD./AYM SHAFA LTD.
- VITOL SA/CALSON-HYSON
- TOTSA TOTAL OIL TRADING SA/TOTAL NIG. PLC
- GUNVOR INTERNATIONAL B.V./AY MAIKIFI OIL & GAS CO. LTD.
- TRAFIGURA PTE LTD./A. A. RANO NIG. LTD
- CEPSA S.A.U./OANDO PLC
- MOCOH SA/MOCOH NIG. LTD.
- LITASCO SA/BRITTANIA-U NIG. LTD./FREEPOINT COMMODITIES
- MRS OIL & GAS COMPANY LTD
- SAHARA ENERGY RESOURCE LTD
- BONO ENERGY LTD./ETERNA PLC/ARKLEEN OIL & GAS LTD./AMAZON ENERGY
- MATRIX ENERGY LTD./PETRATLANTIC ENERGY LTD./UTM OFFSHORE LTD./LEVENE ENERGY DEVELOPMENT LTD
- MERCURIA ENERGY TRADING SA/ BARBEDOS OIL & GAS SERVICES LTD./RAINOIL LTD./PETROGAS ENERGY
- ASIAN OIL & GAS PTE LTD./ EYRIE ENERGY LTD./ MASTERS ENERGY OIL & GAS LTD/CASIVA LTD
- DUKE OIL COMPANY INCORPORATED.
According to Mr Kyari, who was the NNPC Group General Manager (GGM) Crude Oil Marketing Division, when the bidding process began, each of the successful companies would be allocated some of the 445,000 barrels per day of Nigeria’s crude oil usually allocated for domestic refining.
This is the first time the NNPC would be officially publishing the list of winners of the contract under the DSDP scheme since it began in 2016.
The process began on May 3 when NNPC announced a list of 132 local and international firms that submitted bids for the 2019 DSDP crude oil contract. During the bids opening exercise, the former GMD of the NNPC, Maikanti Baru, said the exercise was to ensure that qualified companies were engaged, shortlisted and awarded the lucrative contracts.
He stressed that prospective awardees, were expected to possess the capacity to transport about 14 billion litres of products under the DSDP scheme.
Mr Kyari had said only companies with the capacity to utilise the allocated crude oil to supply petroleum products to the country would be considered for the contract award.
Owners of the companies
The Punch newspaper in a report on Monday, revealed some of the owners of the companies.
According to research done by the newspaper, Mr Yakubu Maishanu is the chairman/Chief Executive Officer of AYM Shafa Ltd; Alhaji Adamu Maikifi, chairman, AY Maikifi Oil & Gas Co. Ltd; Alhaji Auwalu Rano, chairman/CEO, A.A. Rano Nigeria Ltd; chairman/CEO; Mr Wale Tinubu, group managing director, Oando Plc; Mrs Uju Ifejika, chairman/CEO, Brittania-U Nigeria Ltd.
MRS Oil & Gas Company is a subsidiary of MRS Holdings Limited, founded by Alhaji Sayyu Dantata. Mr Patrice Alberti was appointed as the chairman of the company following the resignation of Dantata in July 2017.
Sahara Energy Resource Ltd, a subsidiary of Sahara Group, was co-founded by Mr Tonye Cole, the governorship candidate of the All Progressives Congress in Rivers State for the 2019 elections.
Eterna Plc has Mr Lamis Dikko as its chairman and Mr Mahmud Tukur, a son of a former National Chairman of the Peoples Democratic Party, Mr Bamanga Tukur, as the managing director/CEO.
Arkleen Oil & Gas Ltd was founded by Dr Gregory Ero, while Rainoil Limited was founded by Mr Gabriel Ogbechie, who is the company’s Group Managing Director.
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Amazon Energy has Mr Trevor Akindele, a pastor at City of David Parish, Redeemed Christian Church of God, as its chairman, while Matrix Energy’s MD/CEO is Mr Abdulkabir Aliu. Aliu is the pioneer Group CEO and a founding member, according to the company’s website.
Levene Energy Development Limited is a subsidiary of Levene Energy Group whose Group Chairman and Group Vice Chairman are Mr Asue Ighodalo and HRM Nasir Ado Bayero, respectively.
UTM Offshore Ltd has Mr Julius Rone as its GMD/CEO, while Vincent Ajala is the Executive Vice Chairman of Masters Energy Oil & Gas.
Five of the indigenous companies, namely: Barbedos Oil & Gas Services Ltd, Petrogas Energy, Bono Energy Limited, Petratlantic Energy Limited and Eyrie Energy Ltd, did not disclose their board of directors and management team on their websites.