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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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    Tax reforms: NOA launches nationwide campaign to counter misinformation

    Tax reforms: NOA launches nationwide campaign to counter misinformation

    November 29, 2025
    2027: Court asked to restrain Jonathan from contesting

    Jonathan says Guinea Bissau coup painful than losing to Buhari

    November 29, 2025
    Veteran Nollywood actor and cultural icon Lere Paimo

    Nollywood actor Lere Paimo dies at 86

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    Terrorism: Northern governors get N56bn security votes

    Terrorism: Northern governors get N56bn security votes

    November 29, 2025
    Obasanjo says El-Rufai needed to mature before leading Nigeria

    Obasanjo urges FG to stop negotiating with terrorists

    November 29, 2025
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