NNPC refutes claims of pipeline contracts going to northern oil cabal

NNPC transitions to cash payments for petrol imports
NNPC transitions to cash payments for petrol imports

The Nigerian National Petroleum Company (NNPC) Limited has refuted claims that contracts for rehabilitating pipelines across the country were exclusively awarded to a “northern oil cabal.”

NNPC stated that the selection process involved multiple entities, including the Bureau of Public Procurement (BPP), Infrastructure Concession Regulatory Commission, and the Nigeria Extractive Industries Transparency Initiative (NEITI).

NNPC pipeline contracts

In a statement, NNPC emphasized its commitment to transparency and adherence to high standards.

The company revealed that 17 oil firms were awarded the pipeline rehabilitation contracts, and the selection was based on rigorous evaluation criteria and industry norms.

NNPC clarified that while the contracts are based on the build, operate, and transfer model, ownership of the pipelines remains with NNPC.

The selected partners will finance the rehabilitation efforts.

The national oil firm asserted that the report alleging a “northern oil cabal” was fallacious and aimed at tarnishing its reputation.

NNPC remains dedicated to transparency and global best practices in its activities and contracting processes.