Trading houses in race to buy oil majors' $3 bln Nigeria assets-sources

Wed Feb 12, 2014 11:13am EST
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* Shell (30 pct), Total (10 pct), Eni (5 pct) selling stakes

* Bids due from shortlisted suitors on Feb. 18

* Blocks produced avg 90,000 bpd of oil in 2012 - document

* Glencore, Mercuria in consortiums shortlisted - sources

By Joe Brock

ABUJA, Feb 12 (Reuters) - Commodity trading houses Glencore and Mercuria are among the shortlisted consortiums expected to make final bids on Nigerian energy assets worth around $3 billion that three oil majors are selling, sources close to the process say.

Trading houses have been marketing Nigeria's crude oil and importing fuel there for decades. New upstream acquisitions would help cement their relationship with Africa's biggest oil producer, a key supplier to Europe and India.

Shell is selling its 30 percent stake in four oil blocks, with France's Total and Italy's Eni also set to profit from their 10 percent and 5 percent shares. The Nigerian National Petroleum Corporation (NNPC) owns the remaining 55 percent.

Shell is also selling the 97-km (60-mile) Nembe Creek oil pipeline, which has been regularly attacked by oil thieves.   Continued...