Partners
Our partnerships play a pivotal role in facilitating successful BLCO transactions and ensuring compliance with regulatory requirements.
Nigerian National Petroleum Corporation (NNPC)
As the primary custodian of Nigeria's crude oil reserves, NNPC plays a central role in BLCO transactions by providing approval for crude oil sales on behalf of the Nigerian government; collaborating with approved sellers to facilitate BLCO transactions, issues export permits, cargo inspections, and documentation required for BLCO shipments, implementing measures to stabilize prices and promote transparency in the crude oil market. Our partnership with NNPC ensures streamlined communication, efficient transaction processing, and adherence to regulatory guidelines, enhancing trust and confidence in BLCO transactions.
Various Fiduciary Sellers under Joint Venture Partnerships (JVP)
Are authorized entities appointed by the Nigerian government to sell crude oil on its behalf. These sellers act as intermediaries between buyers, ensuring compliance with NNPC regulations, contractual obligations, and quality standards throughout the transaction process. They manage the sale and distribution of BLCO cargoes, documentation, and payment processing. We collaborate closely with Fiduciary Sellers under JVP to access BLCO supply, negotiate favorable terms, and ensure transaction execution.
Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
As a regulatory agency oversees upstream petroleum operations in Nigeria by enforcing regulatory compliance and licensing requirements for exploration, production, and trading of crude oil. It conducts audits and inspections to monitor adherence to environmental, health, and safety standards in the oil and gas industry. Our partnership with NUPRC promotes ethical business practices.
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)
Is responsible for regulating midstream and downstream activities in the petroleum sector. They regulate the transportation, storage, and distribution of crude oil and petroleum products to ensure reliable supply chains. It also monitors pricing mechanisms, and fees related to crude oil transportation and refining activities to promote fair competition and consumer protection. Our partnership with NMDPRA enhances transparency, and safety in our transactions, fostering investor confidence and market stability in Nigeria's petroleum industry.
Nigerian Content Development and Monitoring Board (NCDMB)
Promotes local content development and capacity building initiatives in the Nigerian oil and gas industry. NCDMB presence encourages local participation in upstream, midstream, and downstream petroleum projects to foster economic growth and job creation. Our partnership supports the development of local expertise, promotes socio-economic empowerment, and empowers local stakeholders and communities.