NEWS

NNPC Drastically Reduces Crude Lifting Companies From 43 To 16

The Nigerian National Petroleum Corporation (NNPC) has cut down the number of companies that will handle the contract of lifting Nigeria’s crude from 43 to 16. The drastic reduction is part of the Corporation’s transformation agenda aimed at keeping its operation lean, efficient and transparent to reduce cost.

Its spokesman, Ohi Alegbe said the decision is a novel move to instill transparency and probity in the award of the annual Crude Oil Term Contract for 2015/2016. He said: “NNPC yesterday mapped out measures to execute the 2015/2016 award of contract to companies for the evacuation of Nigeria’s crude oil equity from the various crude and condensate production arrangements.”

Read More: thenationonlineng

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