Tag Archives: Oil Vessels

Buhari Backs Down, Unbans 113 Oil Vessels

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Less than 24 hours after the United States authorities warned Nigeria’s leadership against shutting out foreign competitors, President Muhammadu Buhari has lifted the ban on 113 vessels from engaging in crude oil/gas loading activities in any of the terminals within the nation’s territorial waters.

A letter from the Nigerian National Petroleum Corporation (NNPC), dated September 8, 2015 said the President has approved consideration of all incoming ships, subject to a letter guaranteeing that they are free and will not be used for any illegal activity.

According to the NNPC, Buhari has directed a review of activities of all the affected vessels to determine culpability in illegal operations in the Nigerian territorial waters.

Read More: ngrguardiannews

NNPC’s Drones To Monitor Oil Vessels’ Movement

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The Nigerian National Petroleum Corporation (NNPC) has said it is working towards deploying drones across the nation’s territorial waters to monitor inwards and outwards movement of oil bearing vessels.

Its Group Managing Director (GMD),  Dr. Ibe Kachikwu gave indication to this yesterday in Abuja, said the oil firm is working on a range of far reaching options designed to end the ugly episodes of crude and petroleum products theft within the next eight months

He unveiled the plan during a presentation he made  at a special conference on Security in the Gulf of Guinea organised by the Gusau Institute.

Read More: thenationonlineng