Fifteen local and international oil companies have been selected by the Nigerian National Petroleum Corporation (NNPC) to supply 14 billion litres of Premium Motor Spirit, popularly known as petrol.

This is happening under the 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products contracts.

About 132 firms had submitted bids for the project, where over 14 cargoes of crude are to be supplied to Europe and other nations for refining.

The corporation’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, in a statement yesterday, said the one-year contracts run from October 1, 2019 to September 30, 2020.