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Publish Date : 02-Dec-2016

The Nigerian National Petroleum Corporation (NNPC) has announced that 224 firms have filed bids looking to win contract to procure and lift its crude oil grades for the 2016/17 term

At the offiicial bidding session at its base in Abuja the NNPC said that the bidding, which would end in February 2017, showed transparency in its operations.

The number of bidders this year has fallend from 278 that applied for the job last year.

The NNPC noted that the fall in numbers was due to the introduction of new requirements in the bidding process.

NNPC group managing director Maikanti Baru said, "We do everything transparently in NNPC and also ensure fairness in all the transactions that we do. There is nothing hidden, just as you have seen today."

Baru said refiners and big crude oil lifters will be offered priority in the process. The exercise aimed to receive competitive bids from refiners, big traders and companies that have made substantial investments in the countrys oil and gas sector.

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