132 local and international companies on Thursday offered to buy 14 cargoes of Nigerian crude oil monthly in the Nigerian National Petroleum Corporation (NNPC) 2019/2020 Direct Sale and Direct Purchase bid opening ceremony in Abuja.
The Group Managing Director (GMD) Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, who presided over the opening, said that the corporation would receive about 14 billion litres in a year as exchange for the crude.
“Well, we are looking about 14 cargoes a month kind of situation and about 14billion litres of in a year of products,” he said.
He said the occasion marked the beginning of yet another landmark event in the bid to miximise the value of the Nigerians and other stakeholders in the bid to guarantee energy security for the nation.