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    NNPC issues two-year crude oil contracts to energy leaders

    Chronicle EditorBy Chronicle EditorMay 14, 2018No Comments1 Min Read
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    NNPC has issued crude oil contracts that are expected to last two years

    NNPC has issued crude export contracts that are expected to last two years instead of the usual one year, trading sources familiar with the matter said on Monday.

    A partial preliminary list showed 30 companies including the world’s largest energy traders Vitol, Trafigura and Glencore.



    The final list could contain between 50 to 60 companies, the sources added.

    The state oil firm did not immediately respond to a request for comment.

    READ: Life Expectancy: Nine facts about how long you will live

    The list has emerged later than usual.

    In 2017, NNPC published results in January awarding contracts to 39 companies.

    Other companies included in partial 2018 list are Total, Spain’s Cepsa, the trading arm of Azerbaijan’s Socar and Lukoil’s trading subsidiary Litasco.

    Switzerland-based Mocoh and Petraco, Lebanon’s BB Energy and Nigerian firms Sahara Group, Eterna and Oando were also among those on the list.

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    ‘Godfather’ actor Robert Duvall dies at 95

    ‘Godfather’ actor Robert Duvall dies at 95

    February 17, 2026
    Social network X restored global outage

    Social network X restored after global outage

    February 16, 2026
    Court to hear suit seeking to deregister ADC, 3 others

    Court to hear suit seeking to deregister ADC, 3 others

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    US freezes assets of eight Nigerians over Boko Haram, ISIL links

    US freezes assets of eight Nigerians over Boko Haram, ISIL links

    February 16, 2026
    Jihadists kill seven Ghanaians in Burkina Faso attack

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