Business NNPC Slashes Crude Offtakers From 43 to 16

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LequteMan

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The Nigerian National Petroleum Corporation has slashed the number of companies that'll be allowed as crude oil offtaker for the 2015/16 oil term.

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The number was reduced from 43 to 16 off-takers that'll emerge after a competitive bid for the proposed 2015/16 crude oil term contract, it said on Thursday.

NNPC, which has been announcing a raft of measures aimed at rooting out corruption in Nigeria's oil sector, said it had extended invitations to Mobil and Forte Oil, in addition to an earlier published list, to bid for the new proposed offshore processing agreement.


Reuters
 
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