INTERNATIONAL – Nigerian state oil firm NNPC issued award letters on Monday for highly sought-after contracts to exchange crude oil for imported fuel, oil industry sources told Reuters.
A total of 15 groupings, with at least 34 companies in total, received award letters, four sources with knowledge of the deals said.
The award letters were circulated on Monday. While the contracts have not yet been signed, that is largely a formality as the terms have been negotiated, the sources said, and the list of companies is unlikely to change.
NNPC spokesman Ndu Ughamadu, when reached for comment, said he would seek verification of the news.
The number of winners is an expansion on the previous list, which had 10 pairings with a total of 22 companies. Oil companies work hard to get on the list, which gives them coveted, and potentially lucrative, access to Nigeria's crude oil cargoes reut.rs/2GbOxcs.