Full list of 132 firms jostling to lift Nigeria’s oil in 2019/2020
Each of the eventually successful companies will be allocated some of the 445,000 barrels per day of Nigeria’s crude oil originally meant for domestic refining. The crude oil is being allocated because Nigeria is unable to locally refine such volume.
The DSDP scheme was introduced in 2016 to replace the erstwhile 2015 crude oil Offshore Processing arrangement contracts after they were found to be mired in corruption. Under the 2019-2020 DSDP contract, Mr Baru said the tender objectives seek to engage reputable and qualified companies for the direct sale of Nigerian crude oil as well as direct purchase of petroleum products.
Mr Kyari said eliminating corruption would not be possible without systems that respect the rule of law and guarantee a fair deal for players in the sector.
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