The NNPC crude oil tender bid was on Monday made public in line with the Nigeria National Petroleum Company, NNPC’s, commitment to President Muhammadu Buhari’s drive for transparency and accountability in the oil and gas sector.
The Group Managing Director of the NNPC, who declared the ceremony open, assured all bidders of fair and just treatment.
He also reminded the general public that the crude oil term contract is not a procurement contract but a process of selecting partners for the sale and procurement of NNPC equity crude oil volumes.
The number of bidders for this year went up to 254 as against 224 bidders last year.
The criteria for the selection was listed out with a clear proviso that nobody will be given preferential treatment, and only off takers who meet the requirements will be accepted.