BEVERLY HILLS, November 03, (THEWILL) – The Nigerian National Petroleum Corporation (NNPC) has scrapped the controversial Offshore Processing Agreements (OPA) contracts and withdrawn commercial bids issued to 44 shortlisted bidders.
The corporation in multiple tweets said “Following the outcome of the technical evaluation for the 101 tenders submitted in respect of the Offshore Processing Arrangement by PPMC, the Group Managing Director (GMD), Dr. Emmanuel Ibe Kachikwu, in a bid to ensure maximum benefit to the federation and eliminate middlemen has directed that the OPA be replaced by a more transparent & effective arrangement of Direct Sale of crude by the NNPC & direct purchase of products from credible International refineries.”
“Only the bonafide owners of Refineries identified in the ongoing OPA tender evaluation process will be further engaged.
“The identified refineries will be subjected to due diligence and analysis by NNPC’s appointed consultants in line with best practices
“Consequently the call for commercial bids issued to the 44 shortlisted bidders is hereby withdrawn.”
