Nigeria’s state oil company said more than 30 companies, with nearly half of those foreign entities, have received one-year term contracts for crude oil. The Nigerian National Petroleum Corp. awarded contracts to 39 companies covering about 1.3 million barrels of oil per day. Sixteen of the companies were either foreign refineries or international traders, with the rest of the terms going to Nigerian corporations. Based on current oil prices, the contracts are valued at about $72 million. Each is for 32,000 barrels per day, apart from a subsidiary of the NNPC, Duke Oil, which gets 90,000 bpd. NNPC Managing Director Maikanti Baru said in a statement that more than 220 companies put bids forward, which he said is a testament to transparency in the Nigerian energy sector. “There is nothing that is hidden just as you have seen today,” he said. No U.S. […]