Abuja — The Nigerian National Petroleum
Corporation, NNPC, weekend banned 113 oil
tankers from lifting crude oil from Nigeria due
to sharp practices recorded in the export of
Nigeria’s crude.
The tankers, according to a document signed
by Gbenga Komolafe, Group General Manager,
Crude Oil Marketing Division, NNPC, were
banned from entering Nigerian oil facilities
and territorial waters.
The document obtained from Platts, a global
energy trading information source, said, “The
NNPC has prohibited 113 tankers from
engaging in crude oil/gas loading activities in
any of the terminals within the Nigerian
territorial waters until further notice.”
The letter, Platts report showed, was dated
July 15, and addressed to terminal operators
in Nigeria, while the tankers were listed in an
attached spreadsheet.
“The affected vessels have also been barred
from movements within the Nigerian territorial
waters forthwith.
“Finally, enforcement of the above directives
takes immediate effect pending a notice to the
contrary by Government, please,” the NNPC
noted.
Shipping and trading sources disclosed that
the NNPC’s grievance with the shipping
companies stemmed from issues surrounding
output figures related to crude oil exports at
the port of discharge.
The sources who chose to remain anonymous
said there have been a few incidents between
Nigerian authorities and their crude oil buyers
on differences between the volume of crude
that was discharged, compared to the volume
on the bill of lading.
A trader who is active in the West African
crude oil market said, “We hear it is about the
outturn figures, as there are sometimes
differences between the loading and discharge
figures, especially with certain countries.”
Another source with a shipowner that would
be impacted by the potential ban said, “We
are currently gathering information. A lot of
market players have received the document
and we have to take it seriously.
“The NNPC are asking for outturn figures but
the receivers of the cargoes have this
information, not the shipowners. They need to
approach the cargo receivers, not the vessel
owners.”
Other sources said the ban could be related to
settling dues such as port and maritime fees,
adding that the majority of Nigerian crude
cargoes are lifted on Suezmax and VLCC
tankers.
“We suspect it is part of a fallout from the
level of scrutiny that NNPC is currently under,”
a Nigerian crude oil trader said. http://www.vanguardngr.com/2015/07/nnpc-bans-113-vessels-from-crude-oil-lifting-in-nigeria/

This is something

Change is here indeed!

“We suspect it is part of a fallout from the
level of scrutiny that NNPC is currently under,”

And if we say certain achievements have been recorded just as a result of fear of PMB (aka Buhariphobia), wailers will say otherwise.

Cutting down waste and ensuring proper documentation but what about the oil Welsh!

Are they just noticing this now.

I sense fear.

Ok

PassingShot:
Change is here indeed!

you can say that again.....

nobody wan buy nigeria oil sef!
the niger delta will have to drink there oil!

likila:
nobody wan buy nigeria oil sef! the niger delta will have to drink there oil!

U are very unintelligent.

Why is there still Fuel scarcity

PassingShot:
Change is here indeed!



And if we say certain achievements have been recorded just as a result of fear of PMB (aka Buhariphobia), wailers will say otherwise.

At this rate In 4 years of baba,Nigeria would be the leading light and template in Africa on good governance;in 8years of his rule,Nigeria would be competing with the likes of Europe top nations and probably be a member of G8;by God's grace.

doctokwus:

At this rate In 4 years of baba,Nigeria would be the leading light and temate in Africa on good governance;in 8years if his rule,Nigeria would be competing with the likes of Europe top nations and probably be a member of G8;by God's grace.

Amen.

NNPC is banning fictitious vessels that were used to claim subsidy.

Ok oooo.

Very Good!!

jstbeinhonest:


U are very unintelligent.

aaaah!
my oga einstein

At last Radio Biafra has been vindicated.

superstar1:
NNPC is banning fictitious vessels that were used to claim subsidy.

Ok oooo.

These ones don't receive subsidy pay. NNPC is suspecting that they divert a fraction of what they're meant to deliver to a buyer nation.