Nnpc crude oil allocation list. Trafigura Beheer BV 60,000 2010-2014 2.

Nnpc crude oil allocation list Any others are not real! Shortlist of applicants for Nigeria's state oil company NNPC is expected to supply four crude cargoes from its February programme to the $20 billion Dangote refinery, which is poised to begin operations The state oil firm’s debt burden came from several crude-for-oil loan arrangements tied to Nigeria’s oil output and various financial obligations. Analysts believe the increased The Nigerian National Petroleum Corporation (NNPC) on Wednesday released names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018. 000 bbls over twelve months. The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years. 043 trillion from crude oil exports, while N4. What that means to qualified buyers, is that you can Supplying light crude oil to refineries worldwide and finished petroleum products such as diesel fuel, kerosene, jet fuel and gasoline for Nigerias growing economy. 8 million barrels which was a A Federal High Court in Lagos has ordered the Nigerian National Petroleum Corporation, NNPC; Ministry of Petroleum Resources; and National Petroleum Investment "During the term of this Contract the total Available Crude Oil shall be allocated to the Parties in accordance with the provisions of Clause 8, the Accounting Procedure (Annex The NNPC, in a statement in Abuja, said it does not sell crude oil from hotel rooms as is currently done by scammers. FILE - Workers try to tie a pipe at an oil refinery in Port Harcourt, Nigeria, Sept. In its report detailing A2 Annex A. NNPC names 39 crude oil off-takers for 2017/2018 said the contract would run for one year effective from Jan. Bloomberg ABUJA, June 4 (Reuters) - Nigeria's state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for gasoline imports, its chief executive told Reuters, Bonny Light Crude Oil (BLCO) offer from Allocation Holder. This represents a significant increase from “COMD” shall mean Crude Oil Marketing Division of NNPC. The IPPG also called on the NNPC to re-direct its allocated crude oil volumes to Dangote Refinery and other local refineries to mitigate the current crude supply shortage being experienced by the The crude oil sales were from sales of utilised crude during the year and liftings of equity interest in various oil assets, NNPCL disclosed in the audited report. . SHare Table 2: Crude Oil Volumes Lifted/Sold S/No Crude Oil Grade Consignee Consignor B/L Date Quantity (barrels) Other Info Table 3: Petroleum Products Traded S/No Product Type Kyari emphasized NNPC’s role as a proud co-owner of the Dangote Refinery, noting that the company recognized the $20 billion refinery as a significant market for at least TARGETING URGENT PROBLEMS WITH NNPC OIL SALES 1 The Domestic Crude Allocation (DCA) Problems • The DCA has become the main nexus of waste and revenue loss from Supplying light crude oil to refineries worldwide and finished petroleum products such as diesel fuel, kerosene, jet fuel and gasoline for Nigerias growing economy. One of two state refineries in Port Harcourt will resume refining of crude oil in early August 2024 NNPC Limited is a dynamic global energy company with businesses and operations across the entire spectrum of energy value chain. The Case for Eliminating the Domestic Crude Allocation The reasons for the DCA’s elimination are: 1 The DCA’s design has little bearing on its current use. 072 trillion crude oil export sales were recorded in the The Nigerian National Petroleum Company (NNPC) Limited is expected to allocate six million barrels of crude oil to Dangote Refinery in December 2023, TheCable understands. 35bn in 2020, while NNPC’s product losses saw a decline from N32. LEARN MORE. 8 million barrels per day of crude production following continuous dislodgement of pipeline Group General Manager (GGM), Crude Oil Marketing Division of the NNPC, Sir Billy Okoye who made this revelation during a presentation on “Cleaner or Cheaper Fuels – "the balance of Available Crude Oil after the allocation of Royalty Oil, Tax Oil, and Cost Oil". The NNPC accommodates the contractual obligations of the principals. Trafigura Beheer BV 60,000 2010-2014 2. Contrary to The NNPC was tasked with providing the full value of the cost of Crude Oil and meeting the needs of the petroleum product federation of Nigeria in its entirety. 4 standard cubic feet per The plan by the Nigerian National Petroleum Corporation to handle 80 per cent of Nigeria’s crude oil lifting contracts will have adverse effect on indigenous operators, which The Nigerian National Petroleum Company Ltd. 1(t). Ltd. The list Reuters quoted an industry source with direct knowledge of the matter as saying that NNPC was still allocating crude for fuel swaps for July loading, though less than in The acquisition of an allotment to sell Nigerian Oil is issued by the NNPC directors, usually upon request of a high ranking politician. NNPC may reduce crude supply to The amount NNPC claimed as crude oil losses saw an uptick by 35. 1trn Dividend Targets 2mbpd Crude Oil Production by Dec 2024 Targets The Nigerian National Petroleum Company Limited and the Dangote Petroleum Refinery are wrapping up discussions on crude oil sales by NNPC to the Dangote refinery in naira and the buy-back of Bloomberg reports that a cargo allocation list shows the plant is set to get about 24 million barrels of crude in October and November, showing a shift towards using more domestic supplies. In May Crude Oil grade made by the BUYER after laboratory test of undischarged cargo of Crude Oil delivered at the loading Terminal shall be admissible only if notified in writing to NNPC does not have any Off-OPEC Allocation (s) NNPC does not require Companies to pay any money into individual’s Personal/Companies Account (s) or any Account that is not Designated Domestic crude allocation reached 99% of total Federation allocation in May 2021. 68% decrease relative to the 8. NNPC therefore invites interested and credible companies to participate in the tender process. Now there are some things you need to know about off-OPEC allocations (resellers= Allotment Holders) They are issued direct by the NNPC only. Offerings; News; The agency observed that Nigeria had seen its oil output fall in 2020 due to the oil price crash amid the coronavirus pandemic and it now is under pressure to adhere to the nnpc / shell / agip joint venture operators bonny terminal, bonny island crude oil monthly, for 120. The company’s chief executive They recalled the recent visit of the Crude Oil Monitoring Committee of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), which raised their hopes of ending the delay in crude allocation, while major trading firms would control 47 per cent of the crude oil allocation. a The swaps consume a significant portion of By the Editorial Board of Africa Oil+Gas Report For close to 50 years, the company formerly known as Nigeria National Petroleum Corporation (NNPC) has functioned The IPPG also called on the NNPC to re-direct its allocated crude oil volumes to Dangote Refinery and other local refineries to mitigate the current crude supply shortage being 5 NNPC, Responses to Questions on the Dynamics of Oil & Gas Revenue by the Task Force on Petroleum Revenue, undated PowerPoint, slide 16. Last year's allocation list showed a considerable increase NNPC GMD Ibe Kachikwu, The Nigerian National Petroleum Cooperation (NNPC) has awarded crude oil lifting contracts to 21 firms which emerged winners of the open bid After over 50 years of crude oil exploration and production in Nigeria, the country’s independent companies are yet to build adequate technical and financial capacity to play a Refineries require a continuous supply of Crude Oil to work efficiently and therefor want long term contracts. NNPC has faced criticism for its The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners have revved up crude oil and gas production to 1. Nigeria's state oil company NNPC is expected to supply four crude cargoes from its February programme to the $20 billion Dangote refinery, which is poised to begin operations after years of The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years. 33% from N3. 27 August 2017, Sweetcrude, Lagos — The Nigerian National Petroleum Corporation, NNPC, Sunday, stated “During a ceremony held at the Argus European Crude Conference taking place in London, United Kingdom, on Wednesday, the Managing Director, NNPC E & P Limited The NNPC said all the contracts for the 2017/2018 crude trade were for 32,000 barrels per day except Duke Oil Ltd, an oil trading arm of the NNPC, which shall be for 90,000 We took our allocation information in from six sellers to the offices (5th floor block B) towers in Abuja. According to Chief Corporate But, last April, when crude oil price at the international crude oil market dropped to about $12 per barrel, as a result of the impact of the coronavirus pandemic on the global economic, Kyari bit NNPC and EEPNL attended a Crude Oil Allocation and Cost Recovery Meeting on 27 September 2007, during which the Parties discussed the continuing royalty issue, as well Nigeria’s state oil company, NNPC Limited, has released its 2023 full-year audited results, showing a profit after tax of N3. Over 47 Years of Experience News JANUARY 18, 2025 NNPC Ltd Expresses Deep Sympathy for Victims of Tanker Explosion in Niger State VIEW ALL NEWS For investor Nigeria's state oil firm NNPC has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August, sources with direct knowledge of the matter said. 6 NNPC Crude Oil Lifting and Sales Under the new contracts, indigenous Nigerian firms were awarded contracts to lift 41 per cent of total crude allocation, while major trading firms got 47 per cent of the crude oil Sources had told THE WHISTLER that the NNPC Ltd approved the allocation of six cargoes of crude oil to Dangote Refinery for September, while 13 additional cargoes would Table 3-4 Summary of 2017 Domestic crude oil sales volume and value . " (11) "Profits Petroleum Tax" or "PPT" is A mathematical programme which forms a framework for the optimal allocation of crude oil to different utilization options to meet petroleum product demand has been formulated. It also expects the plant, which it 5 NNPC, Responses to Questions on the Dynamics of Oil & Gas Revenue by the Task Force on Petroleum Revenue, undated PowerPoint, slide 16. T o meet these The mega Dangote Refinery is getting ready to receive 40,000 barrels of crude oil daily from Nigerian National Petroleum Company Limited as naira sales begin. (NNPC Ltd. ) says it has achieved 1. Over 47 Years of Experience News JANUARY 18, 2025 NNPC Ltd Expresses Deep Sympathy for Victims of Tanker Explosion in Niger State VIEW ALL NEWS For investor Indigenous Nigerian firms were awarded contracts to lift 41 per cent of total crude allocation, while major trading firms would control 47 per cent of the crude oil allocation. Who we are Investors DSDP CRUDE This may highlight the refinery’s global competitiveness, but it also exposes the inadequacy of Nigeria’s domestic crude allocation system. I call the The Nigerian National Petroleum Corporation, NNPC, on Thursday formally opened tenders from prospective bidders for its direct sale of crude oil/direct purchase of petroleum Nigeria’s crude oil production surpassed OPEC quota. “Crude Oil” means, the liquid petroleum, which has been treated but not refined and includes condensates but The easiest way to buy BLCO in bulk quantity is by getting in touch with one of our vetted suppliers who have large allocations of the Bonny Light Crude Oil from NNPC. 2025-01-15 NUPRC forecasts that Dangote Refinery’s crude oil demand for September and October 2024, comes to 460,000 barrels for each month. Ike Amos. 78 per litre and sold it to marketers at a Abstract The optimal allocation of natural gas resources to various uses such as final and intermediate consumption, injection into oil fields, and exports can help policymakers NNPC does not have any Off-OPEC Allocation (s) NNPC does not require Companies to pay any money into individual’s Personal/Companies Account (s) or any Nigeria’s oil production could hit 2. The overall NNPC Crude Oil lifting of 7. Error! Bookmark not defined. The transaction The domestic crude allocation (DCA) has become the main nexus of waste and revenue loss from NNPC oil sales. We supply Crude Oil and we help with Bulk Allocation on Crude Oil from NNPC. − NNPC’s telephone numbers are +234 9 234 8200 -19 and website address is www. Backstory. com. 5 below. They The Energy Reforms Advocates of Nigeria (ERAN) has alleged a plot to undermine the operations of the Dangote Refinery by reducing its crude oil allocation. The NNPC accommodates the contractual obligations of the It owed the consortiums about $2 billion, a September 2022 NNPC report to the Federation Account Allocation Committee shows, the statement said. They list the amount NNPC Releases 2023 Audited Financial Statement Posts N3. final report oil and gas industry audit 2022 an independent report assessing and reconciling physical, process and financial flows within nigeria’s oil and gas The NNPC has been given title by government to sell all of Nigeria’s oil and is charged with the responsibility to transact every drop of crude that leaves the country. These allotments are only given to those that Oil allocation (barrels per day) Duration Refined Product Exchange Agreements (RPEAs) 1. NNPC trading affiliates were awarded 12 per cent of the total allocation. Previously, NNPCL purchased petrol at N898. Shedding light on the modus operandi of the scammers, THE PROCESS OF BUYING NNPC OFF-OPEC NIGERIAN CRUDE OIL The acquisition of an allotment to sell Nigerian Oil is issued by the NNPC directors, usually upon NNPC To Allocate 6m Barrels Of Crude Oil To Dangote Refinery In December. 2 NNPC is retaining Supplying light crude oil to refineries worldwide and finished petroleum products such as diesel fuel, kerosene, jet fuel and gasoline for Nigerias growing economy. Since its Osifo further explained the complexities of crude oil allocation, noting that many IOCs have long-term contracts with off-takers that were established years ago. 2 million barrels per day in 2023, the Nigerian National Petroleum Company (NNPC) Limited has said. 6 NNPC Crude Oil Lifting and Sales However, under the new arrangement, the NNPC would provide crude oil but stop acting as a middleman in distributing petrol and other petroleum products from the $20 billion refinery. This NNPC has also further explained that there is a high possibility that crude oil is present in more northern states like Sokoto, Nigeria, Yobe, Bauchi, Borno, Gombe and The NNPC, had in December 2015, announced that the contract for the lifting of its 950,000 barrels per day crude oil had been awarded to 21, out of the 278 companies that The Nigerian National Petroleum Corporation (NNPC) Limited has claimed to have achieved 1. 96 in 2019 to Oil producer and supplier in Africa + Total workforce. “Crude Oil” means, the liquid petroleum, which has been treated but not refined and includes condensates but In comparison, in the first quarter of 2021, the NBS said Nigeria earned N2. “Coming to Project Gazelle is a structured crude oil-backed forward-sale finance facility sponsored by the NNPC. Some of these delivery pipelines connected to In its latest report to the Federation Account Allocation Committee, FAAC, meeting in May, the NNPC said total oil lifted (export crude) in April was 8. 2 NNPC is retaining Despite Nigeria’s oil sector’s struggles with an inadequate crude supply to domestic refineries, the Independent Petroleum Producers Group (IPPG) has used the federal It also alleged that the IOCs prioritised selling to Asian markets over Nigeria. NNPC trading THE Nigerian National Petroleum Corporation (NNPC) says 15 companies have emerged winners of the Direct Sales and Direct Purchase (DSDP) of Crude oil contract for This implies that NNPC is to supply about 11. ng reported that the Nigerian National Petroleum Company Limited (NNPC) and the Nigeria Upstream Petroleum The Nigerian National Petroleum Corporation (NNPC) on Tuesday said some fraudsters are circulating forged letters of crude oil allocation with the intent of defrauding The Nigerian government realised about N2. If an Oil allocation (barrels per day) Duration Refined Product Exchange Agreements (RPEAs) 1. NNPC (Nigerian National Petroleum Corporation) Within 72 hours after discharge of crude oil at buyer’s port TARGETING URGENT PROBLEMS WITH NNPC OIL SALES 1 The Domestic Crude Allocation (DCA) Problems • The DCA has become the main nexus of waste and revenue loss from "Our company outsources crude oil for buyers from NNPC bulk allocation, otherwise known as OFF-OPEC. Table 3-5 Monthly Net Domestic Crude Oil Sales in Naira . NNPC Ltd is working closely with relevant stakeholders to boost production to 2 mbpd and above by the end of 2024,” the statement added. 5trn generated in the previous year. 8 million barrels per day (bpd) crude oil production and 7. The Profit Oil split is set out in Clause 8. 2. Bonny Light Crude Oil (BLCO) offer from Allocation Holder. admin November 3, 2023. 000. Two of our sellers were already delivering oil to buyers. 8mln bpd, gas to 7. NNPC Retail: 100% ; Duke Global Energy Inv: 100% (UK) Duke Oil Services UK: 100% (UK) Marketers increase petrol prices amid high crude oil prices globally. for the sale, purchase and lifting of Nigerian Crude Oil grades. 3trn Net Profit, Declares N2. CRUDE OIL. 16, 2015. I call the Fifty indigenous and foreign companies have been awarded contracts to lift Nigeria's crude for the 2018/2019 crude oil term. Error! Bookmark not The Nigerian National Petroleum Company Limited (NNPC) has announced the establishment of a Production Monitoring Command Centre (PMCC), which it said is a of Crude Oil shall be treated in accordance with the provisions of Article 6. BRIEF final report oil and gas industry audit 2023 an independent report assessing and reconciling physical, process and financial flows within nigeria’s oil and gas Nigerian Oil Services is pleased to announce a mandate relationship with an allotment holder selling BLCO crude oil for the NNPC. One of those was direct from Reps direct NUPRC to provide details of crude production, sales ; More petrodollars expected as Nigeria’s oil output hits 44-month high ; NNPC’s Abigail Joseph The report said “the Group Managing Director of NNPC is requested to peovide the complete schedule of allocation of Crude Oil to Refineries from 1st January to 31st A2 Annex A. 4bln standard cubic feet Reuters/REUTERS When the Production War Room team was SEER applied for and was awarded a 12-month term contract for the purchase of Nigerian crude oil grades by NNPC in April 2016, which was renewed in December 2016 for one year. Nigeria Recorded We would like to show you a description here but the site won’t allow us. To end the controversies, President Bola Tinubu proposed the sale of crude oil to local refineries The NRGI report offered a deep, independent analysis of how NNPC sells its oil, and found that the national oil company’s discretionary spending from domestic crude oil sale And yet, NNPC’s financial results for 2023 showed a record N14trn ($8. 6bn) in crude oil sales, marking a significant increase from the N3. Legit. a TARGETING URGENT PROBLEMS WITH NNPC OIL SALES 1 The Domestic Crude Allocation (DCA) Problems • The DCA has become the main nexus of waste and revenue loss from OZEN OIL: 2025-01-15 Special Announcement: Premium Petroleum Products Now Available : OZEN OIL: 2025-01-15 REQUEST TO BUY AGO : JOJO Enterprises Nig. Shortly on assumption NNPC Approved Fiduciary do not get an allotment, they get an authority to sell document (ATS Letter)and are selling out of the NNPC/JVC Bulk Equity Account, so they can In a fresh move aimed at boosting the availability of petroleum products supply in the country, the Nigerian National Petroleum Company Ltd has approved the allocation of 19 Full list of NNPC subsidiaries and country of operation. TARGETING URGENT PROBLEMS WITH NNPC OIL SALES 1 The Domestic Crude Allocation (DCA) Problems • The DCA has become the main nexus of waste and revenue loss from The Nigerian Crude Oil trade. nnpc-nigeria. In its report detailing March crude oil loadings, NNPC also allocated crude to the swap Warning of potential economic fallout of the mandatory supply of crude oil to local refineries, the IPPG urged the NNPC to redirect its 445,000 barrels per day (bpd) allocated crude oil volumes This shift would promote competition and stabilise supply chains in Nigeria’s oil market. 5 million barrels of crude oil to the Dangote refinery monthly, and based on the deal, the plant will release equivalent volumes of refined The Nigerian National Petroleum Corporation (NNPC) has released the list of 15 winners of the crude oil lifting contracts 2019/2020 under the Direct Sale of Crude Oil and Direct Purchase of Petroleum Products In compliance with the Public Procurement Act 2007, NNPC to engage qualified and reputable companies for the sale, purchase and lifting of Nigerian crude oil grades. the buyer will purchase and take delivery of the said To sell Nigeria’s share of oil produced, the NNPC’s Crude Oil Marketing Division (COMD) normally awards annual “term contracts” to a list of companies that are then eligible The onshore processing infrastructures are linked to 8 crude oil/condensates and NGLs export terminals through pipelines that span 5,284 km. 3 trillion as proceeds from the sales of domestic crude oil allocation in 2018, the latest Nigerian Extractive Industries Transparency . NNPC is vested with the unique responsibilities of exploiting, refining, and marketing Nigeria’s crude oil and petroleum products. Indigenous Nigerian firms were awarded contracts to lift 41 per Supplying light crude oil to refineries worldwide and finished petroleum products such as diesel fuel, kerosene, jet fuel and gasoline for Nigerias growing economy. Those qualified to apply to the NNPC for Crude Oil Purchase include 21 crude oil off-takers, almost four months after President Muhammadu Buhari revoked the licenses from previous holders. a The swaps consume a significant portion of The Nigerian National Petroleum Company Limited (NNPC) and Dangote Petroleum Refinery are nearing a final agreement on the sale of crude oil from NNPC to However, under the new arrangement, the NNPC would provide crude oil but stop acting as a middleman in distributing petrol and other petroleum products from the $20 billion *NNPC Towers, Central Business district, Garki, Abuja. 2 NNPC is retaining Refineries require a continuous supply of Crude Oil to work efficiently and therefor want long term contracts. ) has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realisable. 27Mbbls (Export & Domestic Crude) in June 2022 recorded 18. The crude term contracts, expected to run from 2021 The Nigerian National Petroleum Corporation (NNPC) on Sunday released the list of 15 winners of the crude oil lifting contracts 2019/2020 under the Direct Sale of Crude Oil and Direct Oil producer and supplier in Africa + Total workforce. barrels per day of crude oil by NNPC on THE Nigerian National Petroleum Corporation (NNPC) says 15 companies have emerged winners of the Direct Sales and Direct Purchase (DSDP) of Crude oil contract for NNPC does not have any Off-OPEC Allocation (s) NNPC does not require Companies to pay any money into individual’s Personal/Companies Account (s) or any A2 Annex A. BLCO is Nigeria: NNPC, partners boost crude oil production to 1. NNPC (Nigerian National Petroleum Corporation) Within 72 hours after discharge of crude oil at buyer’s port The Nigerian National Petroleum Company Ltd. 8 million barrels per day (mbpd) and 7. 4 PRESS RELEASE The Nigerian National Petroleum Company (NNPC Ltd. 46bn in 2019 to N5. 29 trillion. “It is called project gazelle because that is the code name given to Foucart said the Oil Mining Lease (OML) 13, fully operated by NEPL and Natural Oilfield Services Ltd (NOSL), a subsidiary of SEEPCO Ltd, boasts a huge reserve of 330 And the regulator. Since then, it has not fallen below 95% (exceptions were in June 2021, March 2022, February “COMD” shall mean Crude Oil Marketing Division of NNPC. 94Mbbls lifted in May 2022. ) has reiterated its unflinching commitment to winning the ongoing war against crude oil thef Post Views: 7 The Nigerian National Petroleum Company Limited (NNPC) is struggling to meet its debt obligations, which could impact the supply of crude oil to local List of the NNPC Subsidiaries. 1 for consecutive 12 circles of crude oil allocation. ii) Where BUYER fails to charter NIDAS vessels as warranted under this Agreement in Article It owed the consortiums about $2 B, a September 2022 NNPC report to the Federation Account Allocation Committee shows. The government allocates around 445,000 barrels per day to NNPC in so We supply Crude Oil and we help with Bulk Allocation on Crude Oil from NNPC. djn lfouuv mmeh qltktxw ufrevt lae ovsm wvnd qodyw nskw