NNPC issues invitation for 2020/2021 direct-sale-direct-purchase contract bids

Chinazor Megbolu    |   

The Nigerian National Petroleum Corporation (NNPC) has issued invitation for 2020/2021 direct-sale-direct-purchase contract bids process.

The Federal Government corporation issued the invitation to tender to firms interested in the direct-sale-direct-purchase contract.

In a circular by the agency, the bid only applies to international organisations that own refineries with capacities to process Nigerian crude oil grades.

The circular also added that bidders must also posses a recognised large volume petroleum product trading company; and a company engaged in Nigerian oil and gas downstream activities with trading of petroleum product expertise worldwide.

The NNPC in the circular explained that, international firms must have an indigenous subsidiary or may have been in a partnership with a Nigerian organisation operating in the downstream oil and gas business, especially in petroleum products deals.

The corporation, however, noted that those bidders interested must possess some statutory, financial, technical, business integrity, compliance with Nigerian contents documents that are required for the 2020-2021 DSDP bid.

Furthermore, the NNPC maintained that interested bidders must also possess detailed company’s profile with full details of company’s resume showing there capabilities,  adding that the Nigerian firms must submit evidence of current relevant certification with Department of Petroleum Resources (DPR) as well.

The NNPC averred that the deadline for bids submission, which will be opened virtually, will be on January 21, 2021.