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96 Firms Bid for Rehabilitation of NNPC Pipelines, Depots

Emmanuel Addeh in Abuja Ninety-six companies from various jurisdictions have indicated interest in rehabilitating the Nigerian National Petroleum Corporation (NNPC) downstream infrastructure, including critical pipelines, depots and terminals. A statement yesterday in Abuja by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, said the 96 companies emerged during a virtual public bid opening for the pre-qualification of bidders for the contract. It stated that the public opening of the bids for the contract was in keeping with the NNPC management’s commitment to transparency and accountability in all its processes and transactions. The NNPC noted that the public’s response to its Build, Operate and Transfer (BOT) financing model, was buoyed by the prevailing culture of Transparency, Accountability and Performance Excellence (TAPE) of the current management of the corporation.

NNPC Agrees With OPEC+ On Output Cut, To Prioritise Revenue Growth

By Etuka Sunday The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market. The Group General Manager, Group Public Affairs Division, NNPC, Dr. Kennie Obateru in a statement said, the Group Managing Director of NNPC, Mallam Mele Kyari, stated this Wednesday while speaking at the ongoing virtual Gulf Intelligence “Global” UAE Energy Forum 2021. Mallam Kyari noted that despite the negative effects of the production cut on government revenue, it was the best step towards redeeming the value of hydrocarbon resources at the global market in the interest of all.

96 firms bid for rehabilitation of NNPC downstream infrastructures -

By Prince Okafor  No fewer than 96 companies from various jurisdictions have indicated interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure. The infrastructures ranges from critical pipelines to depots and terminals through the Build, Operate and Transfer (BOT) financing model.  The corporation made this disclosure during a virtual public bid opening exercise at the NNPC Towers, Abuja for the pre-qualification of companies for the contract. According to a statement by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, stated that the public opening of the bids for the contract was in keeping with the NNPC Management’s commitment to transparency and accountability in all its processes and transactions. 

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