Four consortiums will fund the renovation of pipelines around the country using build, operate, and transfer arrangements, the Nigerian National Petroleum Company Limited announced on Monday.

The NNPCL said in a post on its X (formerly Twitter ) on Monday that it selected the consortiums following a transparent and competitive tender process that involved the Infrastructure Concession Regulatory Commission, the Bureau of Public Procurement, a transaction advisor, the Nigeria Extractive Industries Transparency Initiative, and the Ministry of Justice.

The NNPCL also said that the contracts were not meant to transfer the ownership of the pipelines to any specific company but rather to improve their integrity and functionality for crude oil and refined products transportation.

“To reiterate our dedication to transparency, NNPCL subjected the selection process to a competitive tender led by the Infrastructure Concession Regulatory Commission’s competence, the Bureau of Public Procurement norms, and the active involvement of a transaction advisor.

“In the project development team and the evaluation process, we also had representatives from the Nigeria Extractive Industries Transparency Initiative and the Ministry of Justice.

“The distribution of consortium members throughout each lot in Nigeria is shown below. LOT 1: Saudi Crown Oilserve, Chu Kong Steel Pipe Group Company, and Oilserve Ltd.

“LOT 2: MacReady Oil and Gas Services, COBRA Instalicios S.A, Control Y Montajes Industriales & International De Pipelines, Iron Products Industries Ltd, Batelitwin Global Services Ltd, Bauen Empresa Constructora SAU, Sanderton Energy Ltd, The Spanish National Association of Oil and Gas Companies.

“LOT 3: A A Rano, Zakhem Construction Nigeria, Bablinks Resources Ltd, and VAE Controls S.R.O; and LOT 4: MRS Oil and Gas, CPPE Nigeria Ltd,” the statement read

The NNPCL said that it owned these strategic national assets and was committed to ensuring their continued operation in the interest of over 200 million Nigerians. It also said that it was aware of allegations of shady business practices in the award of the contracts for nationwide pipeline rehabilitation.