Nigeria awards new
multimillion dollar Petroleum contracts; The following is a list of the groups
awarded contracts and their daily allocations (in
barrels per day): Government-to-government deals: - National Oil Corporation of Kenya (30 000) - Ghana National Oil Corporation (30 000) International trading companies: - North Atlantic Refinery of Canada (50 000) - Kyokuto Petroleum Industry of Tokyo (100
000) - Addax Nigeria Limited (90 000) - Glencore International AG (90 000) - Total International (50 000) - Vitol SA (60 000) - Attock Oil International (60 000) - Trafigura Beheer, Amsterdam (60 000) - Arcadia, London (100 000) - Itochu, Japan (20 000) NNPC joint venture partners: - Carlson of Bermuda (30 000) - Duke Oil Services (20 000) - Napoil Limited (20 000)
adds 3 African countries as additonal channels to sell
oil
PetroGasWorks
Report
The government of Nigeria has initiated
an additonal method of selling its main currency
earner, oil. According to an August announcement
from Abuja, the governments of South Africa, Kenya,
Ghana and others will be part of the separate
channels to market Nigerian crude. They will be
among 13 trading companies and joint venture
partners in the list of organizations licenced to
market Nigerian crude oil. From October 1, this
year, just under half of Nigeria's daily production
of 1.8 million barrels of crude oil - 865 000
barrels - will be sold by the 16 groups awarded
contracts.
According to an oil industry analyst for
PetroGasWorks, "this decision seems popular with
those who push for intra-African business
relationships but may not go down well with those
who have been pushing for more private interests.
Also, the ownership profile of some of the
companies are beginning to raise additional
curiousity aimed at optimizing the relationship
between the actual revenue.
Beside the government contracts, 10 international
trading groups picked up the licences alongside
three Nigerian joint-venture partners, the report
said. The awarding of the new contracts is aimed at
cleaning up the operation of Nigerian oil
marketing, according to a government officials. The
Nigerian National Petroleum Corporation (NNPC),
acting on the directives of the Nigerian government
of President Obasanjo last July cancelled the 41
contracts. It said it needed to do so in order to
halt some hurriedly awarded contracts by Obasanjo's
predecessor retired Gen. Abdulsalami Abubakar, and
the late dictator Sani Abacha.
- Republic of South Africa (55 000)
PetroGasWorks, with additonal reports from
Sapa/AFP