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The Nigerian National Petroleum Corporation (NNPC) has issued crude export contracts that are expected to last two years instead of the usual one year.

A partial preliminary list showed thirty companies including the world’s largest energy traders Vitol, Trafigura and Glencore, the final list could contain fifty to sixty companies.

Surprisingly, the list emerged earlier than previous ones and in 2017, NNPC published results in January awarding contracts to thirty-nine companies.

Other companies included in 2018 list are Cespa, Socar, Total and Lukoil’s trading subsidiary Litasco while Mocoh, Petraco, BB Energy and Nigerian firms; Sahara Group, Eterna, Oando among others.


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