BLCO - NNPC FOB Procedures - Nigerian Oil Services ... 1.4 Unless otherwise agreed, the measurements, sampling and testing of each delivery - Proof of product/Cargo Ref # - Export permit license # - Bulk approved MPR # - Quantity (per quarter) - Sometimes the Stem Number Reps Summon NNPC Boss, Emefiele over Alleged Unremitted N3.2trn, Others. Quantity: 900 Million Barrels Price : FOB ($14 Gross / $10 Net ) / CIF ($12 Gross /$ 9 Net) *Buyer Receives Allocation License from NNPC Allottee and verify/ confirm the Allocation through their Refinery the Available products Allotted for sale through the Shell managed Terminal in Shell Database, London. The Process of Buying Nnpc Off-opec Nigerian Crude Oil . The House of Representatives has issued a summon on the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the alleged non-remittance of $19.25bn (about N3.24 trillion) revenue that accrued from sales of crude oil in 2014. NNPC Allocation Verifiaction - Nigerian Oil Services ... What do we verify? For instance, the companies who bidded for the 2018/2019 OPEC allocations are yet to be awarded as at August 2018. Reclamation selected seven teams to share $80,000 in prize awards as phase one winners in the Automated Maintenance of Protection Systems Challenge. Now here is the sad truth - our off-OPEC buyers are constantly asking for ATS, allocation letters and POP. View Emmanson GODSWILL'S profile on LinkedIn, the world's largest professional community. The Nigerian National Petroleum Company (NNPC) Limited will again make a deduction of roughly N200 billion from the joint federal, state, and local government account when the Federation Account Allocation Committee (FAAC) meets later this month to share the statutory monthly allocation. The AuGF query to the NNPC read, "During the examination of Subsidy records provided by the Federation Account and Allocation Committee, it was observed that the total subsidy paid during the . 3 NNPC administers the DCA with few rules and weak oversight, causing confusion. Step #3: Control 'F' to input your name. 2. 2 NNPC is retaining more DCA revenues over time; the Federation is receiving less. Include the monthly amount in Barrels November 21, 2021. Thank you Kelvin Tunde 4. 3. seller submit documents to nnpc for verification and confirmation. Upon confirmation of fund Seller gives Buyer Soft copy of allocation for verification. NNPC program Allocation in Buyers favour and release documents to be verify with NNPC registered Agencies e,g POP,ATS, Certificate of Allocation, . House Of Reps. Summons CBN Governor, NNPC GMD, Over Missing N3.2 Trillion, Demands Names Of Contractors, Amount Paid For Maintenance. ii that it procured the crude oil at $18 dollars per barrel and exported the unprocessed domestic crude at the prevailing market far above the fixed . Thank you Kelvin Tunde The NNPC is expected to make its own presentation before the Senate committee on February 13, 2014. . Meanwhile, the Senator Bukola Saraki-led National Assembly had also in 2018 vowed to investigate the diversion of the dividend by the NNPC. The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has insisted that its on-going monitoring and verification exercise on tax collections by Deposit Money Banks appointed by the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service was in order. NOTE: There's an automatic waiver for reassignment fees once the instrument covers the whole allocation. Carry out inspection of Crude Oil production and shipping facilities i.e. Avoid scams and never pay with Western Union, Moneygram or any other payment . Contact this Company. QUALITY/ PRODUCT: Nigerian Light Crude Oil, NNPC Export Standard. Scam Alert. *OPEC Allocation*. November 16, 2020. • Planning and allocation of land/onshore acreages for Oil wells, buildings and other facilities to facilitate drilling and other… NPDC is a strategic business unit of Nigerian National Petroleum Corporation (NNPC) responsible for exploration, exploitation and production of crude oil and natural gas. NNPC Allocation Verifiaction (ATS/POP) -NEED TO KNOW INFO . By AdvocateNews on 16/11/2020. NNPC TOWERS, HERBERT MACAULAY WAY, P.M.B. Therefor the seller has to charter a vessel and cover insurance to safely deliver the cargo. EarthLink is an award-winning Internet Service Provider offering reliable, high-speed internet and America's largest and best Mobile phone service. Views: 859 Mele Kyari. Nigerian News - The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says on-going monitoring and verification exercise on tax collecti Upload and fill in the NNPC Application form for vendors. QUANTITY: Trial - 2 million barrels and next 10,000,000 barrels Monthly +/-5% for One (1) year with an Option of Roll and Extension. "NNPC ALLOCATION VERIFICATION" ( All you need to know Published on April 29, 2016 April 29, 2016 • 5 Likes • 0 Comments The acquisition of an allotment to sell Nigerian Oil is issued by the NNPC directors, usually upon request of a high ranking politician. And there is fee to be paid for . Seller confirms instrument through his bank. THE Organisation of Petroleum Exporting Countries, OPEC, Monday, disclosed that Nigeria produced 315,000 bpd, indicating a drop of 20.27 per cent below its new 1.554 million barrels per day, mb/d . NNPC does not give OFF-OPEC allocations and so any ATS (Authority To Sell) and PPOP (Partial Proof Of Product) showing that the seller has been given a bulk allocation is fake. The House of Representatives has issued a summon on the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the alleged non-remittance of $19.25bn (about N3.24 trillion) revenue that accrued from sales of crude oil in 2014. This is why it is important to ensure the crude oil seller is made to post a performance bond, possibly upfront after the buyer has proven he has the money. If you are a buyer wishing to Buy BLCO from Verified Sellers these are the procedures:. An analysis of the document detailing the presentation of the national oil company […] Emmanson has 1 job listed on their profile. The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over non-remittance of $19.25bn (approximately N3.24tn) revenue . After verification of availability of cargo in the name of seller from NNPC, buyer issues SBLC for bulk allocation of … million barrels to seller. Nigeria National Petroleum Corporation. a passport and an introduction letter from the buyer to get in the door and get the verification done. It further wishes to emphasize that there is absolutely nothing like "Presidential", "Task Force", "Ministerial", "Diplomatic" or any other form of special or privileged allocation, which can be peddled by hawkers or anyone. Genuine OPEC crude oil sellers in Nigeria are given allocations from the NNPC, which is the body that regulates the Nigerian petroleum industry. Register to Buy BLCO from Verified Sellers. The first step to verify the authenticity of a crude oil seller then, is to ask to get their allocation details for verification. Reps summon NNPC boss, Emefiele, allege N3.2tr unremitted funds. After positive verification of the Allocation where applicable Buyer will release, Valid CPA, Q88, ATL, and Chartered Invoice/Receipt or Proof of Ownership then and release Two Hundred and Forty . wysenas: Is it Lpfo NNPC allocatn papers u are talking about?if yes,i need d hard copy,my buyer will load by himself.i have POF with me now IF YOU ARE READY,BUYER OR VERY CLOSE TO BUYER THEN STATE IF YOU CAN GET THE PRODUCT AT TOGO WATERS/COTONOU WATERS NNPC ALLOCATION PFI : 25911 FOR HALLMARK ENERGY chiluckus2@yahoo.co.uk 08087534287 Steps To Check NNPC List of Shortlisted Candidates 2020 PDF. The committee took the decision based on the 2016 report of […] Share on Tweet. Pay 25,000 Naira to NipeX account indicated on the App form (Vendors with valid registration on NNPC must not pay this year). We also have AGODirect NNPC Allocation Papers available for buyer verification. It said that its crude oil allocation programme follows strict procedures, processes and standards. The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over non-remittance of $19.25bn (approximately N3.24tn) revenue that accrued from sales of crude oil in 2014. The Registrar General of the Corporate Affairs Commission, Alhaji Garba Abubakar revealed this . buyer shall return documents attached with non-circumvention and non-disclosure agreement (ncnda) and irrevocable or master fee protection agreement (imfpa) nnpc issue official approval letter of invitation to verify allocation details in the tower to the buyer. 190, GARKI- ABUJA, NIGERIA INVITATION TO TENDER ("ITT") FOR THE 2021 - 2022 DIRECT SALE OF CRUDE OIL AND DIRECT PURCHASE OF PETROLEUM PRODUCT (DSDP) 1. While Nigerians hope the NNPC will one day answer this, the corporation spent at least $4.57bn on lifting crude for petrol outside the DSDP deal for daily crude allocation between July 2018 and . The NNPC wishes to state categorically that it neither sells its crude oil through agents nor does it carry out any spot sales. 190, GARKI- ABUJA, NIGERIA INVITATION TO TENDER ("ITT") FOR THE 2019 - 2020 DIRECT SALE OF CRUDE OIL AND DIRECT PURCHASE OF PETROLEUM PRODUCT (DSDP) 1. CIF is a shipping term which means that the seller is delivering the oil to your port. We do not need a LOI - just tell us what you want. NAPIMS is a partner in the Joint Venture (JV) assets and the Concessionaire in the Production Sharing Contract (PSC) arrangements. What is included in a standard POP is? The summons . NIGERIAN NATIONAL PETROLEUM CORPORATION NNPC TOWERS, HERBERT MACAULAY WAY, P.M.B. i. that NNPC received 445,000 barrels of crude oil, an average of 50% of the Federation Crude, for domestic purposes when the refineries can hardly refine 50% of this quantity at best of times. Indeed over the years, several scams have been perpetuated on victims all over the world by unsavoury characters purporting to be bona fide staff . (For Nigeria, the NNPC, which stands for the Nigeria National Petroleum Corporation, is a Federal government-owned company that administers the buying and selling of petroleum, including giving allocation to genuine sellers of the crude oil in Nigeria). QUANTITY: Trial - 2 million barrels and next 10,000,000 barrels Monthly +/-5% for One (1) year with an Option of Roll and Extension. COMD/NNPC - 5 - February 11 1.3 Only basic sediments and water (BS&W) ascertained at the loading Terminal shall be deducted in computing the net quantity of the Crude Oil loaded and certified in the bill of lading. Now, the NNPC does not give out OFF-OPEC allocations, but financially capable and well-connected companies have the ability to purchase oil from the NNPC without having an OPEC allocation. 5. A2 Annex A. The AuGF query to the NNPC read, "During the examination of Subsidy records provided by the Federation Account and Allocation Committee, it was observed that the total subsidy paid during the year 2016 was N443,940,559,974.80. then, check for any shaded Area to see if it is your name. Thank you Kelvin Tunde Email: senkelvinengineering@yahoo.com Tell/WhatsApp: +2347011047117. The OAuGF, in its report for 2014, said from the examination of NNPC mandates to the CBN on Domestic Crude Oil Sales and Reconciliation in the Statement of Technical Committee of Federation Account Allocation Committee meeting held in January 2014, it showed that 'a total sum of N3,234,577,666,791.35 was not remitted to the Federation Account . 4. Senate Public Accounts Committee on Wednesday berated the Nigerian National Petroleum Corporation for paying N443bn without the National Assembly's appropriation. 6. THE PROCESS OF BUYING NNPC OFF-OPEC NIGERIAN CRUDE OIL The acquisition of an allotment to sell Nigerian Oil is issued by the NNPC directors, usually upon request of a high ranking politician. The audit query, from the oAuGF states that from the "examination of NNPC mandates to CBN on Domestic Crude Oil Sales and Reconciliation Statement of Technical Committee of Federation Account Allocation Committee (FAAC) meeting held in January, 2015, a total sum of ₦3,234,577,666,791.35 was not remitted to the Federation Account by NNPC . The Nigerian National Petroleum Corporation (NNPC) has disclosed that its projected monthly remittance to the Federation Accounts allocation committee (FAAC) for May will be zero. The AuGF query to the NNPC read, "During the examination of subsidy records provided by the Federation Accounts and Allocation Committee, it was observed that the total subsidy paid during the year 2016 was N443,940,559,974.80. INTRODUCTION: Nigerian National Petroleum Corporation (NNPC) is empowered pursuant NNPC Releases 2019 Audited Financial Statement, Reduces Loss by 99.7% Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) . Collaborate with Nigeria National Petroleum Corporation (NNPC) and its Joint Venture Contract (JVC) partners on the cost of Crude Oil production. *OPEC Allocation*. We have found the only pathway to verify a NNPC Approved Fiduciary's ATS letter. The Corporate Affairs Commission (CAC) says the Nigerian National Petroleum Company Limited has made history by becoming the company with the highest share capital in the country. Our company provides global solutions in the sales and facilitation of crude oil; our company is a worldwide organization that trade in crude oil in Nigeria.We have a partnership with NNPC/PPMC to market petroleum products, by way of allocations which are properly documented with informations available for verification at the Abuja and London . These allotments are only given to those that have proven . The AuGF query to the NNPC read, "During the examination of subsidy records provided by the Federation Accounts and Allocation Committee, it was observed that the total subsidy paid during the year 2016 was N443,940,559,974.80. Although Kyari is yet to appear before the lawmakers on the NLNG matter, he had denied the allegation elsewhere. 2. The commission said this falls within its mandate as contained in Section 6(1) of the… We also have AGODirect NNPC Allocation Papers available for buyer verification. The Nigerian National Petroleum Corporation, NNPC, Sunday, warns Nigerians to be wary of scammers who parade as officials of the corporation defrauding people with fake crude oil allocation contract. The chairman of the committee, Senator Mathew Urhoghide, has summoned the management of the NNPC to explain the expenditure it made without budgetary provision. State in a Sketch Form what your want. He said that reconciliation had been going on with the Federation Account Allocation Committee, FAAC, and that after the first meeting, the groups discovered that the outstanding payment was about $10.8 billion against $49.8 billion announced . Follow these steps to register: 1. Contracts always require blocked funds and are advised by a top 25 bank before the vessel is even . Scam Alert. He said that reconciliation had been going on with the Federation Account Allocation Committee, FAAC, and that after the first meeting, the groups discovered that the outstanding payment was about $10.8 billion against $49.8 billion announced . California-Great Basin Region Reclamation awards $80,000 in prize competition seeking to improve reliability in hydropower facilities. 320) to engage in all commercial . This way, AGO buyers in Nigeria can know if the vessel exists since the proof of product for an NNPC vessel can't easily be verified. We also have AGO Direct NNPC Allocation Papers available for buyer verification. See the complete profile on LinkedIn and discover Emmanson's connections and jobs at similar companies. Step #2: Scroll below for NNPC Shortlist or Ask us to send you the Complete PDF list. The Nigerian National Petroleum Corporation on Tuesday warned oil sector operators about the activities of conmen specialising in circulating forged letters of crude oil allocation with the intent . If it's an NNPC allocation, you can ask the AGO seller to present the vessel name and IMO number for tracking purposes. 4 NNPC spending out of the DCA delivers poor value for money . This implies that the three tiers of government, federal, states and local governments, are in for tough times next month as they may get less from the Federation Account. The House of Representatives has issued a summon on the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the alleged non-remittance of $19.25bn (about N3.24 trillion) revenue that accrued from sales of crude oil in 2014.
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