Crude Oil Marketing
Those who wish
to buy and sell Nigerian crude oil must demonstrate their commitment to the
oil industry through allocation of adequate resources of capital, equipment
and manpower to the general business of prospecting, exploration and
production of crude oil. [Crude Oil Marketing]
An upstream
investor who has acquired an oil prospecting license and must have completed
a minimum amount of work on the concession
A bonafide end user who owns a refinery and sales
outlet.
An established and globally recognised large volume trader proof of its
global network, its operations and volumes of crude oil handled in the last
three years.
All applicants must have a minimum annual turnover of
at least $100million and net worth of not less than $40 million.
Successful applicants must show commitment to the development of the
Nigerian economy by investing any number of opportunities that abound either
in the oil industry or gas sector.
Successful companies will be required to post a $1 million performance bond
through a first class Nigerian bank in addition to the regular crude oil
contract provisions.
The Nigerian National Petroleum Corporation (NNPC)
views with dismay and is constrained yet again to raise the alarm over the
renewed spate of attempts by fraudsters to defraud some individuals and
organizations through bogus lifting/importation of Nigerian crude/products.
The recent disingenuous efforts have included the forging of shipping
documents and the impersonation of top NNPC officials by unscrupulous
individuals who parade themselves as either agents or officials of NNPC and
have reportedly extorted huge sums of money from unwary Nigerians and
foreigners alike for dubious crude oil allocation papers.
The NNPC wishes to state categorically that it neither sells its crude oil
through agents nor does it carry out any spot sales. It further wishes to
emphasize that there is absolutely nothing like “Presidential”, “Task
Force”, “Ministerial”, “Diplomatic” or any other form of special or
privileged allocation, which can be peddled by hawkers or anyone. The NNPC
has not given any mandate to any person or persons to negotiate the sale of
Nigerian Crude oil on its behalf.
The general public is therefore hereby alerted and warned against having any
dealings with these “agents” or “officials” or anyone claiming to have
access to special allocation. Anybody who is therefore duped through any of
these bogus schemes should have himself or herself to blame.
NNPC is working with the Economic and Financial Crimes Commission (EFCC) to
track down such fraudsters.
The Group General Manager
Crude Oil Marketing Division,
NNPC Towers, Herbert Macauley Way,
Business District, Garki, Abuja.
Telephone: +234 9 234 8237
Fax: +234 9 413 0198
The General Manager
NNPC London Office
Tel: +44 20 8735 9600
Fax: +44 20 8748 1015
