{"id":32066,"date":"2020-09-21T13:44:48","date_gmt":"2020-09-21T13:44:48","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=32066"},"modified":"2020-09-21T13:44:58","modified_gmt":"2020-09-21T13:44:58","slug":"78-firms-scramble-for-nigerias-pipeline-revamp-as-nnpc-opens-bid-round","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=32066","title":{"rendered":"78 firms scramble for Nigeria\u2019s pipeline revamp as NNPC opens bid round"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/i3.wp.com\/www.ripplesnigeria.com\/wp-content\/uploads\/2020\/09\/Pipeline1.jpg\" alt=\"78 firms scramble for Nigeria\u2019s pipeline revamp as NNPC opens bid round\"\/><\/figure>\n\n\n\n<p>Seventy-eight companies are now in contention for the upgrade of Nigeria\u2019s downstream pipelines and related depot and terminal assets after completing their expression of interest through virtual bids, the Nigerian National Petroleum Corporation (NNPC) has revealed.<\/p>\n\n\n\n<p>The rehabilitation would come by way of finance,&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/b\/botcontract.asp\" target=\"_blank\" rel=\"noreferrer noopener\">build, operate and transfer<\/a>&nbsp;execution mode, the corporation disclosed in a note issued on its website on Sunday by the corporation\u2019s spokesperson, Kennie Obateru.<\/p>\n\n\n\n<p>Being an Extractive Industries Transparency Initiative partner firm, NNPC is approaching the bidding process with accountability and openness, said Mele Kyari, the state-owned firm\u2019s group managing director.<\/p>\n\n\n\n<p>\u201cThis is not possible to achieve if we do not have the leadership disposition that is in support of transparency. I can confirm to all of you that it is the clear directive of Mr. President that this company must be accountable and must be transparent to its shareholders.<\/p>\n\n\n\n<p>\u201cWe must take all necessary steps to make sure that our transactions are known to the citizens of this country, that we do things for the common good of all of us and that in doing our business, we must ensure integrity.\u201d<\/p>\n\n\n\n<p>The oil and gas pipeline network of Africa\u2019s top oil producer are in a parlous state because the infrastructures have seen decay and are ageing fast, some of them already 4 decades old, with several rupturing points that could trigger explosion.<\/p>\n\n\n\n<p>They run under a management could not put a passable security check architecture in place, making them frequent targets of vandals and oil thieves.<\/p>\n\n\n\n<p>The assets, operated by the Nigerian Pipelines and Storage Company, span 5,120 length of pipelines,&nbsp;<a href=\"https:\/\/www.ripplesnigeria.com\/tag\/NNPC\/\">NNPC<\/a>&nbsp;Chief Operating Officer, Downstream Lawrencia Ndupu said, with two coastal depots in Lagos and Calabar.<\/p>\n\n\n\n<p>Authorities are now looking to the final partners of the bid round that will emerge in the first quarter of next year through the public-private arrangement to offer a kiss of life.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seventy-eight companies are now in contention for the upgrade of Nigeria\u2019s downstream pipelines and related depot and terminal assets after completing their expression of interest through virtual bids, the Nigerian National Petroleum Corporation (NNPC) has revealed. The rehabilitation would come by way of finance,&nbsp;build, operate and transfer&nbsp;execution mode, the corporation disclosed in a note issued [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[43],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>78 firms scramble for Nigeria\u2019s pipeline revamp as NNPC opens bid round &raquo; WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=32066\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=32066#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Petroleum\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=43\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"78 firms scramble for Nigeria\u2019s pipeline revamp as NNPC opens bid round\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"78 firms scramble for Nigeria\u2019s pipeline revamp as NNPC opens bid round &raquo; WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=32066","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=32066#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Petroleum","item":"https:\/\/watchdogplusmedia.com\/?cat=43"},{"@type":"ListItem","position":3,"name":"78 firms scramble for Nigeria\u2019s pipeline revamp as NNPC opens bid round"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=43\" rel=\"category\">Petroleum<\/a>","rttpg_excerpt":"Seventy-eight companies are now in contention for the upgrade of Nigeria\u2019s downstream pipelines and related depot and terminal assets after completing their expression of interest through virtual bids, the Nigerian National Petroleum Corporation (NNPC) has revealed. The rehabilitation would come by way of finance,&nbsp;build, operate and transfer&nbsp;execution mode, the corporation disclosed in a note issued&hellip;","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/32066"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32066"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/32066\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}