Monday, June 21, 2021
Array

NNPC: 339 companies bid for 2020/21 crude oil sales contract – Kyari

Headline

Rayyan Alhassanhttps://dailynigerian.com/author/rayyan/
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or www.facebook.com/RayyanAlhassan, or @Rayyan88 on Twitter.
tiamin rice

No fewer than 339 companies are bidding for the 2020/21 sales and purchase of the Nigerian crude oil grades.

The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari disclosed this at the 2020/2021 Crude oil tender prequalification bid opening ceremony, on Thursday in Abuja.

He said that the event marked another transparent process for the corporation.

He said that in spite the challenges posed by COVID-19, the Corporation had modified the bidding process by leveraging on technology to progress the cycle of crude oil bidding.

According to him, there will be strict compliance with all the extant regulations and reinforcement of commitment by the Corporation to transaparency and accountability.

”We have continued to see a strong demand for different grades of Nigerian crude in the oil market despite the lockdowns and refinery run cuts.

See also  Osinbajo: I approved NNPC's joint venture financing contracts
See also  Nigeria supports 9 months extension for oil production cut

”We are also witnessing demand for Nigerian crude switch from traditional destinations such as India and finding home in new markets such as china,” he said.

Represented by Umar Ajiya, NNPC Chief Financial Officer, he said that the 2020/21 crude oil bidding had many objectives, which include to engage reputable, qualified and high capacity international and indigenous companies.

He said that companies would guarantee market placement of the Nigerian crude oil at optimum value during the next contracting cycle.

He noted that other objectives was to ensure that selection of off-takers was aligned with tested transparent and accountable procedures in compliance with the Public Procurement and Nigerian Content Acts.

The GMD futher noted that apart from the objectives, the corporation would sustain transparency in all process and establish the best partners through robust mix of big international players.

See also  Nigeria supports 9 months extension for oil production cut

He assured of support for indigenous companies capacity development in the process.

”Ultimately, crude oil is a major revenue earner in Nigeria, therefore, the credibility of this process is very important to us all.

In his remarks, Adokiye Tombomieye, Chief Operating Officer Upstream, said that the corporation had taken steps to ensure the process of producing the best bidder emerged while adhering to COVID-19 principles.

See also  Court orders Diezani to submit self for trial

He added that the process also adhered to the Corporation’s Transparency, Accountability and Performance Excellence (TAPE) agenda, extant statutory requirements and most important the Public Procurement Act.

He noted stakeholders like the Nigerian Extractive industries Transparency Initiative (NEITI), Bureau of Public procurement (BPP), Department of Petroleum Resources (DPR), Civil Liberty Organisation (CLO), among others were part of the bid opening as part of statutory requirement.

See also  ‘NNPC owing petrol marketers N800b’

Also, the Group General Manager, Crude Oil Marketing Division, Billy Okoye said that the selection of off-takers aligned with tested transparent and accountable procedures in compliance with the BPP act.

” The bid submission process was modified by replacing it with virtual submission interphase on the NIPex portal to ensure all applicants were granted equal opportunity and access to unified submissions platform,” he said.

He further assured that the commitment of the Corporation was to deliver the selection process with utmost transparency and accountabilty and to support the GMD’s agenda to deliver NNPC’s obligations to its stakeholders.

NAN

Related News

Latest News

cosgrove
atrk atrk atrk atrk atrk atrk atrk atrk atrk atrk