The Nigerian National Petroleum Corporation (NNPC) has said that compliance with Nigerian Content Act would be a major consideration in the selection of applicants to lift Nigerian crude oil.
This comes as the state-owned oil company has issued a tender inviting qualified and reputable companies for the sale, purchase and lifting of Nigerian crude oil grades.
According to an announcement on the corporation‘s Twitter handle, it aims to sell Nigerian crude oil grades on a Free-On-Board (FOB) basis, subject to the execution of a Sales and Purchase Agreement with the qualified assigned buyers.
The tender is broken into four phases and a prospective bidder can only apply under one category.
Prospective bidder(s) for ‘category A’ must be a bona fide end user who owns a refinery that can process Nigerian crude oil grades and/or retail outlet.
Applicants in ‘category B’ fall under government to government arrangement with high energy-consuming countries. Those under this category are expected to provide proof the entity is wholly owned by the relevant government or provide evidence of a bilateral agreement between Nigeria and the relevant country designating the specific entity as a government representative.
‘Category C’ takes care of internationally established and globally recognized large volume crude oil traders, while indigenous Nigerian companies engaged in downstream petroleum business activities fall into ‘category D’.
Interested companies, according to the corporation, must submit the mandatory details to the NNPC/NipeX tender process portal at [email protected] by 12pm on September 16, 2020 to be eligible for the pre-qualification process.
The NNPC also stated that in accordance with the Public Procurement Act of 2007, all interested bidders seeking to be considered must satisfy statutory, financial, technical and business integrity requirements.
The duration of the contract is going to be for period of one year.
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