From July 2018 to June 2020 over 32 Nigerian companies will lift 950,000 barrels of crude oil to the international markets and this is official.. Of the 50 companies, 32 were local companies, doubling the number of awards to Nigerian firms compared to 2017, trading sources told Reuters on Tuesday, May 15, 2018.

The NNPC also awarded contracts to supply crude to 12 governments, although it was not clear how many of the deals would be handled by the companies already on the list of awards.

Mele Kyari, NNPC’s Group General Manager in charge of Crude Oil Marketing Division, in an allocation paper seen by local newspapers, According to Thisday newspaper, each of the 50 companies would lift 950,000 barrels of crude oil in the two-year duration of the contracts, The Nigerian companies that got the crude contract and their owners are:

  1. AA Rano Owned by Auwalu Abdullahi Rano
  2. Aipec
  3. AMG Petroenergy Limited – Risqua Murtala Muhammed Group GMD
  4. Arkleen – Gregory Omosigho Ero
  5. Barbedos – Kashim Bukar Shettima
  6. Bono Energy
  7. Casiva – Alhaji Nasiru H. Daru
  8. Cretus
  9. Emadeb – Adebowale Emmanuel Olujimi MD/CEO
  10. Eterna oil – Shehu Dikko
  11. Gladius Commodities – Tope Adegbite
  12. Hinstock – Ifueko Ogunbor
  1. Leighton Petroleum Limited –Bowale JolaosoMD/CEO
  2. Levene energy group –Asue Ighodalo
  3. Masters Energy – Uchechukwu S. Ogah
  4. Matrix energy –Abdulkabir Adisa AliuMD/Group CEO
  5. MRS – Sayyu Dantata
  6. Northwest Petroleum & Gas Company Limited – Dame Winifred Akpani
  7. Oando – Wale Tinubu
  8. Sahara Group – Tonye Cole
  9. Ocean Bed (Sahara trading subsidiary)
  10. Propetrol Limited –Harry Ebohon, CEO/MD
  11. Prudent Energy Limited – Abdulwasiu Sowami
  12. Setana – Ejiofor Onyiuke
  13. Setraco Group  – Said Khalaf
  14. Shoreline – Ladi Bada
  15. Ultimate Gas – Alhaji Awalu Ilu
  16. Voyage Oil & Gas Limited
  17. West African gas – Walter Perez
  18. Zitts and Lords group – Okojie Samuel 
  19. Obat Oil & Gas – Obateru Akinruntan
  20. Duke Oil (NNPC subsidiary)

Nigeria produced more than 2 million barrels per day of crude and condensate in April 2018, according to the state oil firm, NNPC. The following international trading firms and refiners also got the contracts:

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  1. Augusta Switzerland based
  2. BB Energy Lebanon
  3. Cepsa Spain
  4. Glencore Switzerland based
  5. HPCL Indian refiner
  6. Litasco Trading arm of Russia’s Lukoil
  7. Mocoh Switzerland
  8. Petraco Switzerland
  9. Petrobras Brazil
  10. Sacoil South Africa of SEER South Africa’s SacOil
  1. Energy Equity
  2. Resources Ltd
  3. Socar Trading arm of Azerbaijan’s Socar
  1. Total France
  2. Trafigura Switzerland
  3. Vitol Britain
  4. Calson Vitol/NNPC joint venture
  5. Sonara Cameroon refining co and
  6. ZR Energy Meanwhile, Brent crude futures, the international benchmark, has risen by around half in the past year. The new highs have prompted warnings that drivers may face soaring petrol and diesel costs. Prices are at levels that will eat into the appetite for oil and forecasters have revised their expectations downwards for demand growth this year.

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