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    Chronicle NG

    NNPC issues two-year crude oil contracts to energy leaders

    Chronicle EditorBy Chronicle EditorMay 14, 2018No Comments1 Min Read
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    Energy sector: Okadigbo seeks gender equality 
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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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    AbdulGaniyu Ambali, ex-UNILORIN VC dies at 68

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    Ambali

    AbdulGaniyu Ambali, ex-UNILORIN VC dies at 68

    June 6, 2026
    Police IG Olatunji Disu addressing crime correspondents in Abuja, warning against the indiscriminate recording and circulation of police-related videos.

    Police enforce tinted glass ban, seize over 30 vehicles

    June 6, 2026
    Desert landscape in northern Niger where 49 travellers died of thirst after their truck broke down in a remote Sahara region.

    49 die of thirst after truck breaks down in Niger desert

    June 6, 2026
    UN demands release of students, teachers abducted in Oyo, Borno

    Oyo kidnappers demand release of notorious Boko Haram terrorists

    June 6, 2026
    Telecommunications infrastructure in Nigeria as foreign investment in the sector drops sharply in Q1 2026.

    Nigeria’s telecomm sector suffers 91% foreign investment collapse despite tariff hike

    June 6, 2026
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