Product Marketing And Lifting Agreement

Between 2010 and 2015 the crude oil trading model was built on controversial oil-for-product swaps until NNPC signed its first round of direct crude oil and direct-to-air (DSDP) sales in 2016 worth up to 330,000 barrels of oil per day (b/d). In addition to providing a guaranteed market and a source of supply for its product, an acquisition agreement allows the manufacturer/seller to guarantee a minimum result for its investment. Because taketake agreements often help secure funds for the creation or extension of a facility, the seller can negotiate a price that guarantees a minimum level of return on associated products and thus reduces the risk associated with the investment. Oil-by-product swap operations are exchange agreements for the replacement of crude oil with the equivalent of refined products such as kerosene, high-end engine gasoline (PMS) and diesel, which NNPC uses in its crude oil business. The 2016 DSDP contract replaced the Off-Shore Processing Agreement (OPA), which provided the business model for previous oil-to-product swap operations in Nigeria. The offtake agreements also contain standard clauses that include recourse – including penalties – each party has in case of violation of one or more clauses. Today, many SAP customers create and send compliance documents such as security data sheets and labels that have only unique SAP ERP features. SAP S/4HANA┬« enables customers to ensure compliance and marketing of their products worldwide in order to enter the market and guarantee their sales in less time. The acquisition agreement plays an important role for the producer. While lenders can see that the company hired customers and customers before production began, they are more likely to allow an extension of a credit or credit. Thus, acquisition agreements facilitate the financing of the construction of a facility. According to the NNPC, Nigeria estimates oil reserves at 28.2 billion barrels of crude oil and 165 trillion feet of a thousand standard cubicles (including 75.4 trillion unsincompciated gas). In addition, the average extraction capacity is 2 million barrels of crude oil per day (bpd) and $7.6 billion per day of gas.

This presentation presents the features of SAP S/4HANA and demos, which reviews the SAP roadmap and provides customer experiences. It also shows how digital transformation will change the process of product responsibility, for example by introducing machine learning. Under this type of transaction, the contractor, either a refinery or a trading company, should increase a certain amount of crude oil, refine it abroad and return the resulting products to NNPC.

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