The Nigerian National Petroleum Corporation (NNPC) has awarded 39 companies crude oil term contracts for the 2017 period.
A total of 18 Nigerian companies made the list, along with 11 International Traders, five foreign refineries, three National Oil Companies (NOCs) and two NNPC trading arms. All the contracts are for 32,000 barrels per day except a deal with Duke Oil Ltd, an oil trading arm of the NNPC, which shall be for 90,000 barrels per day.
More than 220 bids were submitted by companies seeking to purchase and lift Nigerian crude oil grades for 2017.
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