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Oando, MRS, 34 Others Win NNPC’s Crude-For-Fuel Swap Contracts

The Nigerian National Petroleum Corporation has announced the winners of its 2019 / 2020 contracts for the exchange of crude oil for imported petroleum products .
A total of 15 groupings , with 36 companies in total , will participate in the 2019/ 2020 Direct Sale of crude oil and Direct Purchase of petroleum product arrangement, according to a statement on Sunday.
Under the DSDP scheme, companies , including international trading houses and indigenous companies , are allocated crude supplies in exchange for the delivery of an equal value of petrol and other refined products to the NNPC .
The NNPC , in a statement by its Group General Manager , Group Public Affairs Division , Mr Ndu Ughamadu , said following the completion of the 2019 / 2020 DSDP tender exercise , 15 consortia / companies made up of reputable and experienced international companies and Nigerian downstream companies emerged successful .
The contract is for one year effective October 1 , 2019 to September 30 , 2020, according to the statement .
The winners include BP Oil International Ltd / AYM Shafa Ltd; Vitol SA / Calson -Hyson ; Totsa Total Oil Trading SA / Total Nigeria Plc ; Gunvor International B. V ./ AY Maikifi Oil & Gas Co. Ltd; Trafigura Pte Ltd/ A . A. Rano Nigeria Ltd; Cepsa S. A.U. / Oando Plc ; Mocoh SA / Mocoh Nigeria Ltd; and Litasco SA / Brittania -U Nigeria Ltd/Freepoint Commodities .
Others are 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; and Duke Oil Company Incorporated .
The NNPC said the tender process comprised technical and commercial bid submission , evaluation , shortlisting , and commercial negotiations with prequalified companies and engagement of the successful consortia / companies .
“Under the DSDP arrangement , the 15 consortia / companies shall over the contract period, offtake crude oil and in return, deliver corresponding petroleum products of equivalent value to NNPC , subject to the terms of the agreement ,” it said .
The NNPC announced in May this year that 132 firms submitted bids for the 2019 DSDP scheme.

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