Browsing: FIRS

According to the Minister, crude oil export volume increased by 1.9 million barrels in March, 2016 despite the subsisting Force majeure declared at Forcados Terminal, Shut-in and Shut down of pipelines at other terminals due to leakages, vandalism and turn around maintenance.

A statement by the ministry’s Director of Information, Mr Salisu Dambatta, in Abuja, said the payment was made recently to enable the oil marketers to import petroleum products and meet up their other financial needs.

He however said the Corporation has promised to get back to the Agency with a plan on how to defray the outstanding, stating that the self-assessment by companies as done by the NNPC was not final.

He disclosed that discussion with Federal Ministry of Finance has reached advanced stage to ensure deduction from source of various taxes from major oil marketers involved in the oil subsidy and all the ministries, departments and agencies (MDAs) on contracts to be awarded.