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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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    Commercial vessels navigating the Strait of Hormuz as US and Iran escalate military conflict across the Gulf.

    Iran expands gulf attacks after fresh US strikes, declares Strait of Hormuz closed

    July 12, 2026
    Argentina will meet England in the semi-finals of the 2026 World Cup following a thrilling triumph against Switzerland.

    Argentina thrash Switzerland 3-1 to reach World Cup semi-finals

    July 12, 2026
    Mac Allister heads Argentina in front in a win over Switzerland.

    Argentina beat 10-man Switzerland in extra time to set up England tie

    July 12, 2026
    Jude Bellingham: You hear people talk a lot of rubbish

    Bellingham scores brace as England beat Norway 2-1 to reach semi-finals

    July 12, 2026
    Tinubu media centre posts AI image of Firt Lady selling akara

    Remi Tinubu urges Davido, others to empower akara, corn sellers

    July 11, 2026
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