The GTL/XTL business is highly specialized, and its technology is one of the most advanced gas processing technologies in the world. NiQuan is a champion of local content and local talent. As part of this commitment, we have a comprehensive procurement policy approved by our Board of Directors as well as an underlying set of procedures. The following are the key principles in the policy:
- purchasing quality goods and services that are fit for purpose to ensure the efficient functioning of the company and its operations;
- working with technically competent, reliable and financially secure suppliers with whom we can develop and maintain open, fair and mutually satisfactory working relationships;
- when selecting and evaluating suppliers and service providers, taking into account technical capabilities, availability, reputation, relevant experience, financial status, and previous dealings with us; and
- purchasing goods and services only subject to a written contract preferably in the form and content of one of the suite of contracts developed in-house by NiQuan with its terms and conditions incorporated therein. If a bespoke contract is not signed between the parties, then the procurement of all goods and services shall be subject to NiQuan's "General Terms and Conditions For The Purchase of Goods And Services", which are contractually incorporated into our Purchase Orders and a copy of which can be accessed by clicking here.