132 companies bid for NNPC’s crude sales contract vanguardngr.com vanguardnews
Baru explained that the process was to ensure that the selection of off-takers aligned with transparent and accountable procedures in compliance with the Public Procurement and Nigerian Content Acts.“It is in demonstration of President Muhammadu Buhari’s transparency and anti-corruption initiatives which the NNPC has imbibed and championed relentlessly.
“The DSDP scheme was introduced in 2016 with efficient and cost effective systems and processes to plug the value eroding loopholes of the January 2015 OPC contracts. “Since the inception of the DSDP scheme in 2016 until March 2019, about 29.5million metric tons of petroleum products have been supplied under the scheme representing over 90 per cent of the national requirement.
“Through a transparent competitive bidding and evaluation process, the scheme has enlisted a robust supplier mix comprising of the big international players and strong Nigerian downstream companies for supply flexibility and local capacity development,” Baru said. According to him, the scheme has over the years ensured significant reduction in product demurrage cost in the range of 84 per cent and cost savings of about 2.2 billion dollars.Group General Manager, Crude Oil Marketing Division, NNPC, Mele Kyari said the bid process was open to all to optimise local participation.
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