Business 113 Vessels Banned From Crude Oil Lifting in Nigeria -NNPC

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The Nigerian National Petroleum Corporation, NNPC, has banned 113 oil tankers from lifting crude oil from Nigeria.

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According to VANGUARD, the ban was placed due to due to sharp practices recorded in the export of Nigeria’s crude. A document signed by Gbenga Komolafe, Group General Manager, Crude Oil Marketing Division, NNPC, stated that the tankers were banned from entering Nigerian oil facilities and territorial waters.

Speaking on the ban, a Nigerian crude oil trader said, ''We suspect it is part of a fallout from the level of scrutiny that NNPC is currently under''.

The ban is indefinite and won't be lifted unless the NNPC receives a notice to the contrary from the Government.
 
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