By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.
  • News
    • News Menu
  • Business
  • Economy
  • Governance
  • Politics
    • North Central
      • Benue Update
      • Kogi Update
      • Kwara Update
      • Nasarawa Update
      • Niger Update
      • Plateau Update
      • FCT Update
    • North East
      • Adamawa Update
      • Bauchi Update
      • Borno Update
      • Gombe Update
      • Taraba Update
      • Yobe Update
    • North West
      • Jigawa Update
      • Kaduna Update
      • Kano Update
      • Katsina Update
      • Kebbi Update
      • Sokoto Update
      • Zamfara Update
    • South East
      • Abia Update
      • Anambra Update
      • Ebonyi Update
      • Enugu Update
      • Imo Update
    • South South
      • Akwa Ibom Update
      • Bayelsa Update
      • Cross River Update
      • Delta Update
      • Edo Update
      • Rivers Update
    • South West
      • Ekiti Update
      • Lagos Update
      • Ogun Update
      • Ondo Update
      • Osun Update
      • Oyo Update
  • Sports
    • SOCCER
      • Football
      • Sports
      • AFCON
      • NPFL
      • Premier League
    • EURO SOCCER
      • Champions League
      • Europa Conference
      • Europa League
      • La Liga
      • Boxing
      • Tennis
      • UFC
  • Editorial
  • MORE
    • Opinion
    • Entertainment
    • Investigation
    • Politics Lite
    • Publications
    • Travelogue
Reading: Pipelines Rehabilitation Contracts Based on Evaluation Criteria – NNPCL
Share
Notification Show More
Font ResizerAa
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.
Font ResizerAa
  • Politics
  • Business
  • Technology
  • News
    • News Menu
  • Business
  • Economy
  • Governance
  • Politics
    • North Central
    • North East
    • North West
    • South East
    • South South
    • South West
  • Sports
    • SOCCER
    • EURO SOCCER
  • Editorial
  • MORE
    • Opinion
    • Entertainment
    • Investigation
    • Politics Lite
    • Publications
    • Travelogue
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Business > Pipelines Rehabilitation Contracts Based on Evaluation Criteria – NNPCL
Business

Pipelines Rehabilitation Contracts Based on Evaluation Criteria – NNPCL

admin
Last updated: October 9, 2023 10:37 am
admin
3 years ago
Share
SHARE

The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that the contracts for pipeline rehabilitation were awarded based on evaluation criteria and in accordance with industry standards.

The management of the NNPC Limited made this known in a statement on Sunday while reacting to reports in some section of the media alleging underhand dealings in the contract award.

It said the contracts, which were advertised, were awarded based on rigorous evaluation criteria and in line with industry norms.

“The attention of the NNPC Ltd has been drawn to reports in an isolated section of the media alleging underhand dealings in the award of contracts for the rehabilitation of pipelines across the country.

“It is crucial to provide accurate information to address any misconceptions and ensure transparency in our operations.

“We would like to state categorically that these reports are fallacious and designed to bring the good name of the Company into disrepute.

“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,” it said.

The NNPC Limited, while re-emphasising its commitment to transparency, said it subjected the selection process to a competitive tender guided by Bureau of Public Procurement standards, Infrastructure Concession Regulatory Commission expertise, and the active involvement of a Transaction Advisor.

It said it also had representations from NEITI and the Ministry of Justice in the project development team and the evaluation exercise.

It listed the composition of Consortium members per lot spread across Nigeria.

“LOT 1: Oilserve Ltd, Chu Kong Steel Pipe Group Company Ltd, Saudi Crown Oilserve.

“LOT 2: MacReady Oil and Gas Services, COBRA Instalicios S.A, Control Y Montajes Industriales and International De Pipelines, Iron Products Industries Ltd, Batelitwin Global Services Ltd, Bauen Empresa Constructora SAU, Sanderton Energy Ltd, The Spanish National Association of Manufacturers.

“LOT 3: A A Rano, Zakhem Construction Nigeria, Bablinks Resources Ltd, VAE Controls S.R.O and LOT 4: MRS Oil and Gas, CPPE Nigeria Ltd

“It is imperative to emphasise that these contracts are Build, Operate and Transfer agreements, and selected partners are to finance the rehabilitation and do not entail the transfer of control of these assets to any particular company,” it said.

It said its objective was to enhance the integrity and functionality of the pipelines to facilitate the efficient transportation of crude oil to refineries and the distribution of its products across the country.

According to the NNPC management, the ownership of these strategic national assets remains with NNPC Limited, and are fully committed to ensuring their continued operation in the interest of over 200 million Nigerians.

It would be recalled that some sections of the media recently alleged that NNPC Ltd has awarded juicy rehabilitation contracts of the nation’s pipelines to four oil companies, including two downstream retailers. 

You Might Also Like

NNPCL to sell shares soon, says Kyari
Despite bargain hunting, equity market gains N52bn
Oil market slows amid weak global growth
Fuel Pump Defect: Mercedes recalls 143,551 cars in US
FG adopts new automotive industry development plan 
TAGGED:Contract award processIndustry standards in contractsNNPCL evaluation criteriaNNPCL GMD Mele KyariPipeline infrastructure projectsPipelines rehabilitation contracts
Share This Article
Facebook Email Print
Previous Article Zungeru Hydropower Project To Generate 2.64bn Kwh Electricity Annually – CNEEC
Next Article How I Survived Cancer – Former NBA President, Akpata
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

© Nigerian Anchor. All Rights Reserved.
na_logo
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
NA Logo For Search
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?