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Crude Oil Marketing

Requirements for Marketing Crude Oil

Prospective customers who wishes to buy and sell Nigerian crude oil must demonstrate commitment to the oil industry through allocation​​ of adequ​​ate resources of capital, equipment and manpower to the general busine​​ss 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

  1. Local Refineries

  2. ​​International Refineries​

  3. Reputable Oil & Ga​s 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.

Other Conditions​

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.

Oil Frauds

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, lifti​ng 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.

Enquiries:

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​​

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