Nigeria has the Africa largest proven oil reserves and extraordinarily cheap to produce. As the C E O of DANGOTE GROUP I have barrels of light crude oil from an isolated oil well in Bayelsa with a producing capacity of 100,000 barrels per day (bpd). Nigeria major oil production fields has been taken over by some foreign multinationals such as Shell, BP, Exxon Mobil, Chevron and Total due to its need to raise its oil daily production to 6 million barrels per day. Stipulating how foreign investment will be governed is also critical amid concerns that Iraqi oil revenues has been squeezed by these large oil firms granted special treatment with the help of the US government. This has lead to the Nigerian government (Parliament) to enact a new law to improve local content by allowing its citizenry to partner with individuals who win contracts and must take on a local partnership that in turn must have a minimum 25% stake in the deal. Individual Foreign Contractors can set up Local Companies in Nigeria with a local partner who in turn must have 25% stake in the company to explore some the scattered isolated Oil wells. Origin:……………….Bayelsa, Nigeria Quantity:…………….100,000 Barrels Per Day for 3 Months. Contract period:…......3 Months. Delivery: …………....Turkish Export Terminal of Ceyhan. Price:..……………… As Agreed in Contract I will prepare all the relevant Documents to Register a Local Company here in your Name as required by the laws of the land with the help of Legal Experts, but it will be stated in the documents that I actually own 10% stake in the company, as this is the only means we can export the crude oil from Nigeria. You will be required to open/setup and manage an offshore account in your Name in a Bank in one of the top Oil Producing Countries for smooth transfer of the Oil proceeds(funds). This account is where the eventual buyer(s) of this crude oil will transfer all payments to.Also an MOU(Memorandum of Understanding) will be signed between you and I to ensure that both parties keep to the terms of agreement. I will be responsible for the exportation of these barrels and the expenses involved. Once the barrels have been exported and sold we shall share the proceeds in the ratio of 80% for me considering the fact that we are the originators/initiators and initial financier of this partnership business and then 20% for you. I will instruct my legal team to commence the paper work as soon as I get the Foreign Company Registration Form from the Ministry of Trade process by the Oil Ministry once you indicate your final/total interest by confirming/providing me with the following information required: Full Legal Names; Contact Address(City, State, Zip code); Office Phone/Home Phone/Cell Phone; Occupation present and past ( if any): Age: I will appreciate your immediate response and also indicate if you wish to proceed with the contract partnership. Sincerely, Alhaji Aliko Dangote C.E.O Dangote Group. [email protected]
Posted on: Wed, 26 Mar 2014 14:53:49 +0000
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