Monday, 23 January 2017

NNPC calls for tenders for petroleum product imports under DSDP

A spokesman said Friday that the Nigerian National Petroleum Corporation (NNPC) has called for tenders under its direct sale, direct purchase import model, Platts reports.
The DSDP model, under which selected overseas refiners are allocated crude supplies in exchange for the delivery of an equal value of petrol to NNPC, started last year, replacing the controversial crude for oil product swaps and Offshore Processing Agreements.Submission of bids will close on February 2, while the program is expected to commence on April 1 and will be for one-year period, he said. The spokesman did not specify what volumes NNPC is expecting to place in the tenders.

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