NNPC: Selected partners to finance pipelines’ rehabilitation, FG retains ownership

NNPC: Selected partners to finance pipelines’ rehabilitation, FG retains ownership

The Nigerian National Petroleum Company (NNPC) Limited says the recent award of contracts for the rehabilitation of pipelines was not conducted solely by the firm.

Indeed, it said the Bureau of Public Procurement (BPP), Infrastructure Concession Regulatory Commission (ICRC) and the Nigeria Extractive Industries Transparency Initiative (NEITI) were involved.

It said this in a statement issued on Sunday, stressing that the contractors would finance the rehabilitation but the NNPC retained its ownership of the refineries.

The company said the contracts were awarded based on build, operate and transfer.

It denied handing over the refineries to some northern cabals.

It stated, “To re-emphasise our commitment to transparency, NNPC subjected the selection process to a competitive tender guided by Bureau of Public Procurement (BPP) standards, Infrastructure Concession Regulatory Commission expertise, and the active involvement of a Transaction Advisor.”

“We also had representations from NEITI and the Ministry of Justice in the project development team and the evaluation exercise”.

The NNPC said the report that it gave the contracts to some northern cabals was fallacious.

“NNPC Limited is deeply committed to adhering to the highest standards of transparency and global best practices in all our activities, and this includes our contracting process. These contracts, which were advertised, were awarded based on rigorous evaluation criteria and in line with industry norms,” the statement read.

Winners of the contracts

According to the NNPC, 17 oil firms were awarded the pipeline rehabilitation contracts.

The company said the list of the awardees that form a consortium shows that lot one was awarded to Oilserve Ltd, Chu Kong Steel Pipe Group Company Ltd, and Saudi Crown Oilserve.

Lot two, NNPC said, went to 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, and The Spanish National Association of Manufacturers.

Also, lot three was allocated to AA Rano, Zakhem Construction Nigeria, Bablinks Resources Ltd, VAE Controls S.R.O, while lot four was awarded to MRS Oil and Gas, CPPE Nigeria Ltd, according to the statement.