The Nigerian National Petroleum Company Limited announced on Monday that four consortiums would fund the renovation of pipelines around the country using build, operate, and transfer arrangements.
According to The Punch, marketers frequently voiced their displeasure at the inactivity of about 20 NNPCL depots, explaining that this was caused by the nationwide pipelines that supply these facilities with goods being vandalized.
However, the national oil company described four consortia that would finance the rehabilitation of pipelines owned by the NNPCL in a post on its X (formerly Twitter profile) on Monday.
The business claimed that in choosing the consortia, it followed the greatest standards of openness and international best practices. It further added that the contracts, that were advertised, were given based on rigorous evaluation criteria and in line with industry norms.
It read, “To reiterate our dedication to transparency, NNPCL subjected the selection process to a competitive tender led by the Infrastructure Concession Regulatory Commission’s competence, the Bureau of Public Procurement norms, and the active involvement of a transaction advisor.
“In the project development team and the evaluation process, we also had representatives from the Nigeria Extractive Industries Transparency Initiative and the Ministry of Justice.
“The distribution of consortium members throughout each lot in Nigeria is shown below. LOT 1: Saudi Crown Oilserve, Chu Kong Steel Pipe Group Company, and Oilserve Ltd.
“LOT 2: MacReady Oil and Gas Services, COBRA Instalicios S.A, Control Y Montajes Industriales & International De Pipelines, Iron Products Industries Ltd, Batelitwin Global Services Ltd, Bauen Empresa Constructora SAU, Sanderton Energy Ltd, The Spanish National Association of Oil and Gas Companies.
“LOT 3: A A Rano, Zakhem Construction Nigeria, Bablinks Resources Ltd, and VAE Controls S.R.O; and LOT 4: MRS Oil and Gas, CPPE Nigeria Ltd.”
It is “critical to emphasise that these contracts are Build, Operate and Transfer agreements, and selected partners are to finance the rehabilitation and do not entail the transfer of control of these assets to any specific company,” the company stated.
According to the statement, the goal was to improve the pipelines’ integrity and functionality in order to make it easier to transfer crude oil to refineries and distribute their products around the nation.
“The ownership of these strategic national assets remains with NNPC Limited, and we are fully committed to ensuring their continued operation in the interest of over 200 million Nigerians,” the company said.
It went on to say that the business was aware of claims stating shady business practices when contracts for statewide pipeline rehabilitation were awarded.
