INTRODUCTION
The Nigerian National Petroleum Corporation (NNPC) is an integrated Oil and Gas Company empowered under the NNPC Act to engage in all commercial activities relating to petroleum operations including petroleum exploitation, production, refining, transportation, storage and marketing. Against this backdrop, NNPC desires to engage qualified and reputable companies for the Sale and Purchase of Natural Gas Liquids (NGLs) in line with the Public Procurement Act 2007 and NNPC’s Policy and Procedures.
BRIEF DESCRIPTION OF SCOPE
The scope entails sale by NNPC of its equity share of NGLs (Domestic or Export) on Free on Board (FOB) basis and purchase by company of the delivered NGLs, subject to the general terms and conditions that would be subsequently advised to successful bidders via agreements:
WHO MAY APPLY:
NNPC hereby invites interested and credible companies to participate in this tender process. The bidder shall apply under any of the following categories:
i) DOMESTIC SALES
a) An established Nigerian registered end user who owns NGL storage and handling facility in Nigeria.
b) An established Nigerian registered company with LPG distribution footprints and operates a valid throughput arrangement with NGL facility owner in Nigeria.
ii) EXPORT SALES
a) An established International large volume NGL trader or end user having a Nigerian affiliate or subsidiary engaged in oil and gas business. For clarity, Successful International bidders shall jointly enter into the sale agreement with its affiliate as a consortium and the tax obligations of the consortium shall be satisfied through the Nigerian affiliate; and Affiliate or Subsidiary used herein means a legal entity which directly or indirectly owns a party or which is directly or indirectly owned by a party with ownership implying more than fifty percent (50%) of the issued shares or voting rights in the company.
b) An established Nigerian large volume oil and gas trading company.
*Indicate the category of application on the front page of your tender application letter. A bidder is permitted to apply under ONE category ONLY. *Memorandum of Understanding (MOU), Partnership Agreement or Letter of Introduction from any company shall NOT be considered.
DURATION AND COMMENCEMENT: The duration of the 2019 – 2021 NGLs sale and purchase contracts shall be two years (24 calendar months) commencing from a date that will be advised to successful bidders.
