The Group Managing Director of the Nigeria National Petroleum Corporation, NNPC, Dr MaikantiBaru, says that the corporation saved 500 million dollars on oil products sales.
Baru disclosed at the opening of bid for the Direct Sale Direct Purchase, DSDP, at the NNPC Towers in Abuja.
According to reports, the DSDP is a model introduced in 2016; carried out through direct sales of crude oil to refiners or consultants, who in turn supply NNPC with equivalent worth of products.
The batch over which the bids were opened is scheduled to last for the next one year, starting from the 1stof April 2017.
Speaking with newsmen on the sideline of the bidding process, , DrMaikantiBaru said that the requirement was that the bidder must have physical presence in Nigeria.
Meanwhile, 128 Indigenous and International Oil and Gas companies have indicated interest to participate in the 2017 DSDP programme.
Baru disclosed at the opening of bid for the Direct Sale Direct Purchase, DSDP, at the NNPC Towers in Abuja.
According to reports, the DSDP is a model introduced in 2016; carried out through direct sales of crude oil to refiners or consultants, who in turn supply NNPC with equivalent worth of products.
The batch over which the bids were opened is scheduled to last for the next one year, starting from the 1stof April 2017.
Speaking with newsmen on the sideline of the bidding process, , DrMaikantiBaru said that the requirement was that the bidder must have physical presence in Nigeria.
Meanwhile, 128 Indigenous and International Oil and Gas companies have indicated interest to participate in the 2017 DSDP programme.
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