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NIGERIA

Usual suspects and unknowns among winners of NNPC swap deals

The Nigerian state-owned company has published the list of firms who will get crude oil in exchange for petroleum products. As usual, established companies rub shoulders with unknown firms that have close links to the government. [...] (327 words)

Issue dated 07/06/2021 Reading time 2 minutes

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Energy

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NIGERIA
AA Rano
Abba Kyari
AbdulKabir Adisa Aliu
Abdulwasiu Sowami
Addax Petroleum
Adokiye Tombomieye
Aisha Buhari
Akinwale Akintujoye
Cepsa
Cordero
Department of Petroleum Resources
Julius Rone
Kaztec
Litasco
Matrix Energy
Mele Kyari
Mercuria
Mocoh
MRS Oil
Muhammadu Buhari
Nigerian National Petroleum Corporation
Oando
Petra Atlantic
Prudent Energy
Sahara Group
Salvic
Sinopec
Timipre Sylva
Total
Trafigura
Tunde Sabiu
UTM Offshore
Vitol

Guinean fuel tender in limbo

The contract to supply petroleum products to Conakry has still not been officially awarded. Though Sahara Group was favoured by the Société Nationale des Pétroles (SONAP) in early March, Mocoh and Addax Energy have not given up and are questioning the unusual way in which the various candidates have been evaluated. [...]

Spotlight

NIGERIA Energy 07/03/2022

The oligarchs Offor, "ABC" and Haske battle it out for Addax's remains

The Chinese-owned company has decided to leave Nigeria but local oil magnates are waging a ferocious battle, part of it before the Nigerian Federal High Court, to gain control of its production blocks. [...]

Nigeria's President Muhammadu Buhari signs Petroleum Industry Bill into law at the state house in Abuja. © Nigeria Presidency/Handout via Reuters

Spotlight

NIGERIA Energy 05/10/2021

Buhari gives key E&P job to Alison-Madueke loyalist

The restructuring of Nigeria's oil institutions, currently in progress, has led to the return of a number of leading figures from the Goodluck Jonathan era. Among them is retired NNPC executive Gbenga Komolafe, who was at his post when Diezani Alison-Madueke was petroleum resources minister. [...]

MAURITANIA Energy 14/09/2021

Finance ministry orders audit of Addax Energy's bunkering activities

The Swiss trader's bunkering activities in Mauritanian waters have caught the attention of the finance ministry, sparking an audit request in early September. [...]

MAURITANIA Energy 08/09/2021

Addax exit opens the way for a new fuel supplier

To avoid a break in the gasoline supply chain after the Swiss firm's departure, Nouakchott plans to call on other foreign traders. For its part, the contract holder denies this and claims its contract is still running. [...]

NIGERIA Energy 08/06/2021

Fired Lekoil boss Akinyanmi prepares comeback against Metallon

The Nigerian oil junior Lekoil is caught in the crossfire as the company founder clashes with its South African shareholder Metallon. [...]

NIGERIA Energy 27/05/2021

UTM Offshore to launch Nigeria's first FLNG venture with backing of DPR and ExxonMobil

Following the lead of Cameroon and Mozambique, Nigeria is finally moving into floating liquefied natural gas technology. An extremely well-connected businessman in the Niger Delta, Julius Rone, is orchestrating proceedings. [...]

NIGERIA Energy 03/05/2021

Buhari's overrule of DPR decision exposes opposing petroleum clan networks

The Addax Petroleum dispute is the perfect illustration of how the NNPC has been able to drive home its dominence over the country's petroleum regulator. [...]

NIGERIA Energy 25/01/2021

Abba Kyari's favourite trader thrives in wake of his death

Matrix Energy's tight connections to the powers that be in Nigeria has allowed it to play a prominent role in the country's oil trading. [...]

NIGERIA Energy 06/10/2020

NNPC's crude oil-for-products swap system could disappear in six months Free

The deregulation of petrol prices, which has been speeded up by the Covid-19 pandemic, has led to a renewal of swap contracts since the start of 2020. But they could shortly be on the way out. [...]

Spotlight

SOUTH SUDAN Energy Business 01/10/2020

Kiir makes pro-Sahara Energy execs pay the price

The Nigerian trading company is far from being unanimously popular in Juba where it has powerful allies but also many critics. [...]

NIGERIA Energy 09/04/2019

Swap deals: Kachikwu's great refinery failure

This could be the last days at the ministry for the secretary of state. If he does go, one of his biggest regrets will be Nigerian traders are still hooked on swap deals. [...]

Spotlight

NIGERIA Energy 25/07/2017

While president Buhari's away, the oil barons will play

Tensions are rising in the country's oil sector in the power vacuum left by president Muhammadu Buhari after he eclipsed to London for medical treatment several weeks ago. At the start of his mandate in 2015, the head of the [. [...]

NIGERIA Energy 16/05/2017

Exclusive: Buhari's shortlist of swap magnates

Not yet an official list, here are the names of the local and foreign traders shortlisted to receive crude in exchange for petroleum products. [...]

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NIGERIA
AA Rano
Abba Kyari
AbdulKabir Adisa Aliu
Abdulwasiu Sowami
Addax Petroleum
Adokiye Tombomieye
Aisha Buhari
Akinwale Akintujoye
Cepsa
Cordero
Department of Petroleum Resources
Julius Rone
Kaztec
Litasco
Matrix Energy
Mele Kyari
Mercuria
Mocoh
MRS Oil
Muhammadu Buhari
Nigerian National Petroleum Corporation
Oando
Petra Atlantic
Prudent Energy
Sahara Group
Salvic
Sinopec
Timipre Sylva
Total
Trafigura
Tunde Sabiu
UTM Offshore
Vitol

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Shillings, prayers and votes: democracy in a very religious country

How religion and politics provide Moscow with a path to influence

Usual suspects and unknowns among winners of NNPC swap deals

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Receive free prompts for these topics

Guinean fuel tender in limbo

The oligarchs Offor, "ABC" and Haske battle it out for Addax's remains

Buhari gives key E&P job to Alison-Madueke loyalist

Finance ministry orders audit of Addax Energy's bunkering activities

Addax exit opens the way for a new fuel supplier

Fired Lekoil boss Akinyanmi prepares comeback against Metallon

UTM Offshore to launch Nigeria's first FLNG venture with backing of DPR and ExxonMobil

Buhari's overrule of DPR decision exposes opposing petroleum clan networks

Abba Kyari's favourite trader thrives in wake of his death

NNPC's crude oil-for-products swap system could disappear in six months Free

Kiir makes pro-Sahara Energy execs pay the price

Swap deals: Kachikwu's great refinery failure

While president Buhari's away, the oil barons will play

Exclusive: Buhari's shortlist of swap magnates

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Shillings, prayers and votes: democracy in a very religious country

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Usual suspects and unknowns among winners of NNPC swap deals

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

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Receive free prompts for these topics

Guinean fuel tender in limbo

The oligarchs Offor, "ABC" and Haske battle it out for Addax's remains

Buhari gives key E&P job to Alison-Madueke loyalist

Finance ministry orders audit of Addax Energy's bunkering activities

Addax exit opens the way for a new fuel supplier

Fired Lekoil boss Akinyanmi prepares comeback against Metallon

UTM Offshore to launch Nigeria's first FLNG venture with backing of DPR and ExxonMobil

Buhari's overrule of DPR decision exposes opposing petroleum clan networks

Abba Kyari's favourite trader thrives in wake of his death

NNPC's crude oil-for-products swap system could disappear in six months Free

Kiir makes pro-Sahara Energy execs pay the price

Swap deals: Kachikwu's great refinery failure

While president Buhari's away, the oil barons will play

Exclusive: Buhari's shortlist of swap magnates

Receive free prompts for these topics

First visit

Contacts

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Follow us

A website produced by

Indigo Publications also publishes: