August 20, 2019 / 3:53 PM / a month ago

FACTBOX-Nigeria's oil-for-product swaps

    LONDON, Aug 20 (Reuters) - Nigeria's National Petroleum Corp
(NNPC) this week signed deals to exchange over 300,000 barrels
per day (bpd) of crude oil for imported gasoline and diesel.
    The country is seeking to develop its domestic refining
capacity but suffered a setback when executives at Nigeria's
Dangote told Reuters this month that the company's plans to
build Africa's largest refinery would be delayed until the end
of 2020.
    Other industry sources, however, say production is unlikely
to start before early 2022.
    Gasoline, kerosene and other petroleum products are largely
imported from abroad and the government has increasingly led the
effort to acquire the fuels as independent Nigerian refineries
have suffered from reduced oil prices and militant attacks.
    The NNPC says the scheme supplied some 90% of its import
requirements.
    Around 132 companies had bid for the tenders issued in
March, but only 15 were awarded the one-year contracts dubbed
direct sale, direct-purchase (DSDP) effective Oct. 1 -- three
months later than expected. 
    Below are the awardees:

     Partner(s)
 1   BP/Aym Shafa
 2   Vitol/Calson-Hyson
 3   Trafigura/AA Rano
 4   MRS
 5   Cepsa/Oando
 6   Bono/Arkleen/Amazon/Eterna
 7   Asian Oil/Eyrie/Masters Energy/Casiva
 8   Mercuria/Barbedos/Petrogas/Rainoil
 9   Matrix Energy/Petratlantic/UTM/Levene
 10  Total
 11  Duke Oil
 12  Sahara
 13  Gunvor/AY Maikifi Oil
 14  Litasco/Freepoint/Brittania-U
 15  Mocoh/Mocoh Nigeria
 

 (Reporting By Noah Browning; editing by Emelia
Sithole-Matarise)
  
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