Hello, RE: Crude Oil Sales Partnership.
This letter is based on negotiating a partnership in a crude oil sales project with the Nigerian National Petroleum Corporation, (NNPC). This project will involve registering your name with the foreign contractor's unit of the Nigerian National Petroleum Corporation, (NNPC); re-assign an already existing crude oil lifting/sales license to your name and act as representatives of the Nigerian National Petroleum Corporation, (NNPC) in selling of crude oil to the end buyers. This lifting license which I propose that we re-assign to your name (my partner) was formerly allocated to one Mr. David Russell by the (NNPC) in 2011 with 6 years validity. The license is for the sale of 60 Million Barrels of Bonny light Crude Oil (BLCO)] for a total period of 5 years. This allows the license owner to lift and sale a maximum of 1 Million barrels of Bonny light Crude Oil (BLCO) per transaction/shipment. A sale of 1 barrel of Bonny light Crude Oil (BLCO) attracts a US$2.00 commissions from the Nigerian National Petroleum Corporation, (NNPC) and another US$1.00 discount as commission from the end buyers of the Bonny light Crude Oil (BLCO). For a sale of 1 barrel of Bonny light Crude Oil (BLCO), the license owner earns a total commission of U$3.00. Let's say the prize of the Bonny light Crude Oil (BLCO) is $40.00 per barrel. A lifting license holder will receive the product from the (NNPC) at $38.00 per barrel and sell to the end buyers on the normal market prize of $40.00 per barrel thereby making a commission of $2.00 on each barrel of crude sold. Also being able to locate the final buyers entitles your company to a US$1.00 discount from the discount given to the end buyer as "mandates". A total sale of the 1 million barrels of the crude oil per month at a US$2.00 discount from local petroleum agency sums up to US$2 million commission per month. And another US$1.00 discount from the end buyer comes to US$1 million per month thereby making a total commission of US$3 million monthly. My obligation in this venture is to arrange for the lifting and sale of the crude oil that will be allocated to you (my partner) after the successful re-assignment of Mr. David Russell's lifting license to your name (my partner). I have numerous buyers for this crude oil and also have the connections needed to sale the crude oil. I will also use my connections in the Nigerian National Petroleum Corporation, (NNPC) to make sure that our commissions from the sale are deposited into your bank account immediately after the sale is completed. Both the cost to re-assign this lifting license to your name (my partner) and the commissions from the sales will be shared equally between us as equity partners. I await your immediate response, Your proposed partner, Thanks, Engr. Igwe Judge
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