A crude oil lifting license (Crude Oil Licence or COL), Condensates, NGL, LNG, LPG, Refined Products Lifting License in Nigeria is an official authorization managed through the Nigerian National Petroleum Company (NNPC) Ltd and regulated under the framework overseen by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
In this post, we covered what you need to know to obtain crude oil lifting license (Crude Oil Licence or COL), Condensates, NGL, and other petroleum products lifting license with the Nigerian petroleum products empire; NNPC Trading S.A and her subsidiaries. The registration requirements, petroleum products you can trade with them as a counterpart and other services NNPC Trading Limited offers. Feel free to contact Aziza Nigeria for the registration process.
NNPC Trading S.A. is the wholly owned international trading subsidiary of the state-owned Nigerian National Petroleum Company Limited (NNPC Ltd.). Originally incorporated in Panama in 1989.
It handles global crude oil marketing, LNG, refined product sourcing, etc and price risk management.
NNPC YKC Risk Assessment and Categories
- Category A
- Category B
- Category C
Read: Oil & Gas Company Formation/ Registration
Names of Products Traded by NNPC Trading
- Crude Oil
- Condensates
- Refined Products
- Natural Gas Liquids (NGLs)
- Liquified Natural Gas (LNG)
- Liquified Petroleum Gas (LPG)
Nigerian company Registration Requirements:
- Compliance with PENCOM
- NSITF Certificate
- ITF Certificate
- National Database on the BPP Certificate
- Sworn Affidavit to support bid submission
- Presigned Undertaking for Anti-corruption laws
- Compliance with Business Policy and Anti-Corruption Law
- CAC documents
Read: NCEC Certificate Registration
NNPC Trading Registration Requirement – Foreign Companies Formation
- Certificate of Registration/ Incorporation -NOTARIZED
- Company Profile. NOTARIZED
- Memorandum and Articles of Association –NOTARIZED
- CAC status report dated not later than 3 months -NOTARIZED
- Ownership structure with details of Ultimate Beneficial Owner (where applicable)
- 3 Year Tax Clearance Certificates – NOTARIZED.
- Audited Financial Statements (Last 3 years) -NOTARIZED.
- Evidence of financial support in form of a parent company guarantee, letter of credit, bank guarantee or reference letter from a reputable financial institution.
- Data-page of Directors/Key Mgt/and or Driver’s license.
- Evidence of Volumes of Crude Oil/Products Traded and the markets traded in the last ten (10) years -NOTARISED
- Ownership of Trade Facilities (e.g. Storage and Retail Outlets) where available -NOTARISED
- Evidence of Crude Oil, NGLs or Products term Contract from NNPC or other NOC’s -NOTARISED
Additionally, kindly provide the general contact details, name, email, phone number, of the Company’s contact person for:
- Operations & Commercial
- Finance
- Compliance/Legal
Read: Local Content (NCDMB or NOGIC JQS) Certificate Registration
Types of Crude Oil Grades
- Bonny Light (BLCO)
- Forcados
- Qua Iboe Light
- Egina
- CJ Blend
- Nembe Crude
- Utapate
- Escravos
Some Refined Products NNPC Trading Markets
- Premium Motor Spirit (PMS / Petrol)
- Automotive Gas Oil (AGO / Diesel)
- Dual Purpose Kerosene (DPK / Jet fuel / Kerosene)
NNPC Trading’s operations encompass all activities in the international trading value chain, including:
- Crude Oil Trading
- Petroleum Products Trading (gasoline, diesel, jet fuel, LPG, NGLs, condensates)
- Vessel chartering
- Blending
- Trade Finance and Bulk Purchase Agreements (BPA)
- Strategic storage
Contact Aziza Nigeria NNPC Trading S. A registration.