NNPC Re-organises Crude Oil Evacuation Process

Nigerian National Petroleum Corporation (NNPC) says it is repositioning company in a way, that will enable it secure new market potential. A statement released to Punch Newspapers, by the Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, said “In a novel move to instill transparency and probity in the award of the annual crude oil term contract, the NNPC has mapped out measures to execute the 2015/2016 award of contract to companies for the evacuation of Nigeria’s crude oil equity from the various crude and condensate production arrangements.”

“In the days ahead, we shall place advertisement for the 2015/2016 term contracts and the publication will run for one month in major national and international print media to ensure effective message penetration. Later, the guidelines for the selection of new off-takers would be published and subsequently a special bid evaluation committee would be constituted to conduct due diligence on successful applicants," the statement added. The NNPC also said “We are throwing the tender process open for competitive bidding by strong industry players with track records of integrity and financial strength to execute the project.”