The Nigerian National Petroleum Corporation, NNPC, has awarded oil-lifting contracts to 50 companies.
32 of them are Nigerian firms while others are owned by government and foreign companies.
According to a Reuters report, the contract will last for two years.
It was reported that the contracts are usually for one year.
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The companies awarded the contracts are:
Ocean Bed (Sahara trading subsidiary)
West African gas
Zitts and Lords
Obat Oil & Gas
Duke Oil (NNPC subsidiary)
International trading firms and refiners:
Augusta, Switzerland based
BB Energy, Lebanon
Glencore, Switzerland based
HPCL, Indian refiner
Litasco, Trading arm of Russia’s Lukoil
Sacoil, South Africa
SEER, South Africa’s SacOil Energy Equity Resources Ltd
Socar, Trading arm of Azerbaijan’s Socar
Calson, Vitol/NNPC joint venture
Sonara, Cameroon refining co