Monday 20 July 2015

President Buhari bans 113 vessels from lifting crude oil

Unknown | Monday, July 20, 2015 |
Bloom Gist: President Buhari bans 113 vessels from lifting crude oil
President Muhammadu Buhari has ban 113 crude oil vessels from doing business in any of the 27 oil terminals within the length and breadth of the Nigerian territorial waters.


The ban followed a directive contained in a memo dated July 15, 2015 by the Group General Manager, Crude Oil Marketing Division, Nigerian National Petroleum Corporation, Gbenga Komolafe, to all terminal operators.

Bloom Gist learnt that copies of the memo were also sent the Director of the Department of Petroleum Resources; Director General, Nigerian Maritime Administration & Safety Agency, and the Comptroller General of the Nigeria Customs Service.

No reason was stated in the memo why the ban was imposed on the affected vessels.

Sources familiar with the development told Bloom Gist that the ban may not be unconnected with certain discrepancies between the volume of crude oil lifted by the affected vessels from various Nigerian terminals and the volume eventually discharged abroad to buyers.

The source who was not authorised to speak officially on the issue, said NNPC had faced the challenge of explaining huge differences between the volume of crude oil lifted from Nigeria by these vessels and what they actually delivered to customers abroad.

Considering the huge volumes involved, the source said it was difficult to rule out high level connivance to steal the country’s crude oil using the affected vessels, a development that costs the Nigerian government huge losses in revenue.

Some of the affected vessels include MV Eliza, with international maritime organisation registration, IMO, No. 9387578 with MV Happines, with IMO No. 9212905; MV Progress, with IMO No. 9180152; MV New Harmony (No. 963207); MV Cosgrace Lake (No. 9294587) and MV Plata Glory (No. 9172674).

Others include MV Humanity (No. 9180281); MV Scf Shanghai (No. 9325968); MV Tenyo (No. 9222443); MV Astro Challenge (No. 9237072); MV Maran Thetis (No. 94214427); MV BW Bauhinia (No. 9315070); MV Dream (No.9356893); MV Xin Dan Yag (No. 96140048) and MV Desim (No. 9395305)

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