OIL & GAS

FG Lifts Ban On 113 Oil Tankers

FG Lifts Ban On 113 Oil Tankers
Oil Vessel

The federal government has lifted a ban on 113 vessels into its territorial waters, a letter from the Nigerian National Petroleum Corporation (NNPC) said on Thursday.

The letter, dated September 8, said the president had approved the consideration of all incoming ships subject to a letter guaranteeing that they are free and will not be used for any illegal activity.

It added that the president had directed a review of activities of all affected vessels to determine culpability in illegal operations in Nigerian territorial waters.

NNPC banned the oil tankers in July in line to the corrupt practices recorded in the export of Nigeria’s crude.

A statement signed by Gbenga Komolafe, Group General Manager, Crude Oil Marketing Division, NNPC, stated, then, that the tankers were banned from entering Nigerian oil facilities and territorial waters.

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