Prospective customers who wishes to buy and sell Nigerian crude oil must demonstrate commitment to the oil industry through allocation of adequate resources of capital, equipment and manpower to the general business of prospecting, exploration and production of crude oil.
Those Eligible to Apply
An upstream investor who has acquired an Oil Prospecting License (OPL) and must have completed a minimum amount of work on the concession
Who May Apply for Crude Oil License
Reputable Oil & Gas Traders
Who May Purchase Nigerian Crude Oil
A bonafide end user who owns a refinery and sales outlet.
An established large volume trader with proof of global network, operations and volumes of crude oil handled in the last three years.
All applicants must have a minimum annual turnover of at least $500million and a net worth of not less than $250 million.
Successful applicants must show commitment to the development of the Nigerian economy by investing in any number of opportunities that abound in the oil gas sector.
Successful companies will be required to post a $1 million performance bond through a first class Nigerian bank in addition to the regular crude oil contract provisions.
The Nigerian National Petroleum Corporation (NNPC) wishes to inform the general public of the renewed spate of attempts by fraudsters to defraud individuals and organizations through bogus allocation, lifting and importation of Nigerian crude and products.
The recent disingenuous efforts have included the forging of shipping documents and the impersonation of top NNPC officials by fraudsters who parade themselves as either agents or officials of NNPC and have reportedly extorted huge sums of money from unwary Nigerians and foreigners alike in order to secure dubious crude oil allocation papers.
The NNPC wishes to state categorically that it neither sells its crude oil through agents nor does it carry out any spot sales. It further wishes to emphasize that there is absolutely nothing like “Presidential”, “Task Force”, “Ministerial”, “Diplomatic” or any other form of special or privileged allocation, which can be peddled by hawkers or anyone. The NNPC has not given any mandate to any person or persons to negotiate the sale of Nigerian crude oil on its behalf.
The general public is hereby alerted and warned against having any dealings with these “agents” or “officials” or anyone claiming to have access to special allocation. Anybody who is therefore duped through any of these bogus schemes should have his or herself to blame.
The Group General Manager
Crude Oil Marketing Division
NNPC Towers, Herbert Macaulay Way
Business District, Garki, Abuja
Telephone: +234 9 234 8237
Fax: +234 9 413 0198
The General Manager
NNPC London Office
Tel: +44 20 8735 9600
Fax: +44 20 8748 1015