A Review of the Nigerian Energy Industry

NNPC lifts embargo on 113 crude oil vessels

Mandates off-takers to guarantee legitimacy of vessels 
Yemie Adeoye 11 September 2015, Sweetcrude, Lagos – The Nigerian National Petroleum Corporation, NNPC, on Thursday announced the lifting of the embargo earlier placed on some 113 vessels, banning them from engaging in crude oil and gas loading activities in any of the terminals within Nigerian territorial waters.
NNPC Towers.
NNPC Towers. Abuja

In a release made available to SweetcrudeReports, the NNPC said the lifting of the ban is subject to the receipt of Letters of Comfort from all terminal operators, oil companies and off-takers of Nigerian oil and gas as guarantee that nominated vessels, pending the outcome of detailed investigation, are unencumbered and would not be utilised for any illegal activity whatsoever.

The corporation noted that in view of the above, the Federal Government has approved the establishment of an Inter-Agency Committee 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 with the mandate to collect data and investigate the activities of the banned vessels within Nigerian territorial waters.
“The Inter-Agency Committee will appraise the culpability or otherwise of each of the vessels in the time past and advise appropriately,” the NNPC stated.
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