ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Thursday, January 21, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
NNPC Towers

NNPC Towers

NNPC lifts embargo on 113 crude oil vessels

byBassey Udo
September 10, 2015
1 min read
ADVERTISEMENT

The Nigerian National Petroleum Corporation, NNPC, on Thursday announced the lifting of the embargo earlier placed on some 113 vessels, barring them from engaging in crude oil and gas loading activities in any of the crude oil terminals within Nigerian territorial waters.

The NNPC explained that the decision to lift the ban was subject to the receipt of Letters of Comfort, LOC, from all terminal operators, oil companies and off-takers of the Nigeria’s oil and gas as guarantee that nominated vessels were unencumbered or not to be utilized for any illegal activity whatsoever, pending the outcome of detailed investigation.

In view of the above decision, the corporation said the Federal Government had approved the establishment of an Inter-Agency Committee with a mandate to collect data and investigate the activities of the banned vessels within Nigerian territorial waters.

Inter-agency Committee is made up of the Department of State Services, DSS; Nigerian Maritime Administration and Safety Agency, NIMASA; Nigerian Navy; Department of Petroleum Resources, DPR, and the NNPC.

Group General Manager, Group Public Affairs Division, NNPC, Ohi Alegbe, said the committee would appraise the culpability or otherwise of each of the vessels in the time past and advise government appropriately on the next line of action.

In July, President Muhammadu Buhari had approved the ban of 113 vessels from lifting Nigerian crude oil as part of government’s effort to sanitize the Nigerian oil industry, which is plagued by corruption, crude theft and massive fraud.

The presidential directive had asked the NNPC to bar the 113 vessels from lifting Nigeria crude oil from 27 designated oil terminals.

The list of affected companies included 27 terminals from which the vessels were prohibited to lift Nigerian crude.

The terminals included Forcados, Bonny, Bonga, Sea Eagle, Qua lboe, Erha, Yoho, Usan, Bonny River Terminal, Escravos, Agbami, Pennington, Escravos LPG FSO, Escravos Gas Terminal, Antan, Okwori, Odudu, Akpo, Brass, Abo, Okono, Oyo, lma, Okoro, Ukpokiti, Tulja, and Ebok.

RelatedNews

EPL: Cavani, Pogba shoot Manchester United back to top spot

Herdsmen: Buhari unaware of security situation in Ondo – Akeredolu’s aide

Nigeria looks forward to working with Biden, Harris – Buhari

Joe Biden takes office as America’s President, calls for end to ‘Uncivil War’

The affected vessels were implicated in a pattern of fraud that resulted in Nigerians losing billions of Naira to fraudulent activities.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

Ogun offers free ICT training to prepare students for UTME tests

Next Post

Why we stopped airing P-Square music videos – Soundcity TV

Bassey Udo

Bassey Udo

Bassey Udo is PREMIUM TIMES' Business & Economy Editor. He has covered finance, energy, oil, gas & extractive industries for over a decade. He is a winner of the Wole Soyinka Award for Investigative Journalism, and the Thomson Reuters Foundation (Wealth of Nations) Award for Business Reporting. Bassey is an alumnus of the U.S. International Visitors Leadership Programme. Twitter: @ba_udo

More News

National Bureau of Statistics (NBS)

UPDATED: Nigeria’s Inflation hits 32-month peak

January 15, 2021
Melee Kolo Kyari, NNPC GMD

NNPC diversifying portfolio beyond oil assets – Kyari

January 13, 2021
Map of AFrica

Top five risks for African businesses in 2021

January 12, 2021
African Development Bank invests N10.21bn in Nigeria

AfDB appoints directors-general, deputy directors-general in regional offices

January 7, 2021
Aero Contractors Company of Nigeria Limited used to illustrate the story. [Photo credit: Daily Mail]

Aero Contractor MD, Ado Sanusi, steps down

January 7, 2021
Made in Nigeria [Photo Credit: Oyibos OnLine]

AfCFTA a new dawn in African integration – ACCI

January 2, 2021
Next Post
Why we stopped airing P-Square music videos – Soundcity TV

Why we stopped airing P-Square music videos - Soundcity TV

MultiChoice Assures CPC Of Quality Service To Subscribers

MultiChoice Assures CPC Of Quality Service To Subscribers

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps Address Nationwide
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.