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GUIDELINES FOR LIFTING OF NIGERIAN CRUDE OIL

It is the policy of Federal Government of Nigeria to streamline procedures for those wishing to buy and sell Nigerian crude oil.

WHO MAY APPLY:

1. A bona fide end user who owns a refinery and retail outlets abroad. Details of the applicant's facilities, markets and volumes of crude oil processed over the last three years must accompany the application.

2. An established and globally recognized large volume trader. Such applicant must provide evidence of its global network, its activities and volumes of crude oil handled in the last three years.

3. A company that has built an export oil refinery in Nigeria.

OTHER CONDITIONS:

1. Any applicant must have a minimum annual turnover of at least $100 million and net worth of not less than $40 million.

2. Successful applicants must show commitment to the development of the Nigerian economy by investing in any number of investment opportunities that abound either in the oil industry or other sectors or, as an alternative, in the short run, meaningful and sizable investment in community development project(s) in the oil producing areas as may be acceptable. Investment areas include:
1. Upstream investments - to increase our oil reserves and production capacity;
2. Downstream projects in refining, processing, distribution and storage of petroleum products;
3. Gas utilization projects;
4. Solid mineral development; and
5. Industries with foreign exchange earning potentials.

(And any other areas of the economy acceptable to the SELLER.)

3. Successful companies in (A) and (B) above 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 $1 million bond shall be cashed, if after six months of the signing of the crude oil contract, the investment has not been made or there is no evidence of a commitment to do so. In addition to the forfeiture of the bond oil contract will automatically terminate.

MODALITIES:

1. Shortlist of applicants for consideration for crude oil contract allocation will be drawn on the basis of successful economic intelligence reports. Such reports must confirm status claimed by applicant with respect to (A), (B); and 1 in OTHER CONDITIONS above.

2. Crude oil lifting shall be on the basis of a confirmed irrevocable Letter of Credit only. The Letter of Credit shall be in the name of holder; and

3. Where possible, government shall endeavor to maintain regional balance in the distribution of Nigerian crude oil contract holdings. For the purpose of this factor, regions shall be:
* North and South America
* Western Europe/Mediterranean
* Former Soviet Union and Eastern Europe
* Asian and Australia
* AFRICA

METHOD OF APPLICATION:

Interested companies should submit their applications accompanied with their last three (3) years audited accounts and other company information to include date of establishment, company activities, facilities, major markets, volume traded over the past three years, number of employee and company's objective and any other relevant data in a sealed envelope send to:

Group General Manager (GGM)
Crude Oil Marketing Division (COMD),
Nigerian National Petroleum Corporation (NNPC)
NNPC Towers
Central Area Abuja, Nigeria.

But if you can't Afford all the stress that has to go with this,you can employ our services and mail your package to:

Aitalegbe Isaac
CEO,Chill Group
Plot 1009,Litsemba street
Sidwashi Industrial Sites
Siwashi
Mbabane
Swaziland.

or

P. O. Box 5765, Mbabane, H100
Swaziland

This will be Submitted in NNPC
Nigeria.

Make sure you Address it to:
Group General Manager (GGM)
Crude Oil Marketing Division (COMD),
Nigerian National Petroleum Corporation (NNPC)
NNPC Towers
Central Area Abuja, Nigeria.

In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing. Between 1978 and 1989, NNPC constructed refineries in Warri, Kaduna and Port Harcourt and took over the 35,000-barrel Shell Refinery established in Port Harcourt in 1965.

In 1988, the NNPC was commercialised into strategic business units, covering the entire spectrum of oil industry operations: exploration and production, gas development, refining, distribution, petrochemicals, engineering, and commercial investments. The subsidiary companies include:

    * National Petroleum Investment Management Services (NAPIMS)
    * Nigerian Petroleum Development Company (NPDC)
    * The Nigerian Gas Company (NGC)
    * The Products and Pipelines Marketing Company (PPMC)
    * Integrated Data Services Limited (IDSL)
    * Nigerian LNG limited (NLNG)
    * National Engineering and Technical Company Limited (NETCO)
    * Warri Refinery and Petrochemical Co. Limited (WRPC)
    * Kaduna Refinery and Petrochemical Co. Limited(KRPC)
    * Port Harcourt Refining Co. Limited (PHRC)

REQUIREMENTS FOR MARKETING CRUDE OIL

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.

                                                                                                                   

Those eligible to apply

An upstream investor who has acquired an oil prospecting license and must have completed a minimum amount of work on the concession

WHO MAY APPLY FOR CRUDE OIL LICENSE

1. Local Refineries
2. International Refineries
3. Internationally recognized Oil & Gas traders

WHO MAY PURCHASE NIGERIAN CRUDE OIL

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.

Other Conditions

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.

OIL FRAUDS

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.

ENQUIRIES:

The Group General Manager
Crude Oil Marketing Division,
NNPC Towers, Herbert Macauley Way,
Business District, Garki, Abuja.

Vision

NNPC wiil be a world-class oil and gas company driven by shared commitment to excellence.

 

Mission

NNPC is an integrated Oil and Gas Company, engaged in adding value to the nation’s hydrocarbon resources for the benefit of all Nigerians and other stakeholders.

 

Core Values

• Respect for the Individual
• Staff development and growth
• Integrity, transparency and accountability
• Proffesional Excellence