NNPC starts new project to improve energy, maritime sector, announces partnership

• A caller associated task that is anticipated to alteration Nigerian marine proscription was signed by NNPC Shipping, Stena Bulk, and Caverton Marine Limited
• The statement aims to make a caller tanker cognition to proviso crude oil, refined goods, and LNG to Nigeria and West Africa connected a determination and planetary scale
• In bid to supply excellent, reliable, and businesslike maritime transportation, the associated task partners volition motorboat a caller company

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The Nigerian National Petroleum Company (NNPC) Shipping, Stena Bulk, Caverton Marine Limited announced the signing of a caller associated task that is expected to revolutionise the maritime proscription successful Nigeria.

The NNPCL and partners volition motorboat a caller concern to supply excellent, reliable, and businesslike maritime transportation. Photo Credit: NNPC
Source: UGC

The deal, signed successful London, intends to found a caller tanker cognition to conscionable the determination and planetary shipping needs of crude oil, refined products, and LNG successful Nigeria and West Africa.

The associated task partners volition found a caller concern with the extremity of offering superior, dependable, and effectual maritime transportation, according to a statement by NNPCL

Depending connected marketplace conditions and determination concern prospects, the partners volition besides look into ways to physique a modern and effectual fleet of tankers, including some caller and existent tonnage.

With an accent connected preserving competitory operating costs portion upholding the highest standards of sustainability and safety, the partners volition measure prospects for some semipermanent charter agreements and vas acquisitions.

This fleet volition chiefly enactment NNPC's clean, crude, and LNG/LPG logistics requirements.

The caller concern volition besides service different lipid producers and dealers by providing the strategical vantage of a modern fleet, coagulated fiscal support, and a nautical practice and pedigree.

Speaking connected the announcement, Managing Director NNPC Shipping, Panos Gliatis, said:

“This strategical concern marks a important milestone successful NNPC's committedness to modernising Nigeria's maritime infrastructure. By combining our expertise with Stena Bulk and Caverton Marine, we are creating a robust level that volition heighten our home refining, import and export capabilities and fortify Nigeria's presumption successful planetary vigor logistics."

In his remarks, President & CEO of Stena Bulk, Erik Hånell, said:

"This collaboration aligns perfectly with our pragmatic strategy of expanding our beingness successful cardinal maturation markets portion maintaining our precocious standards of operational excellence and sustainability. Nigeria's vigor assemblage is undergoing singular transformation, and we're arrogant to beryllium portion of this journey."

The caller task volition besides look into ways to physique a modern and effectual fleet of tankers, Photo Credit: Contributor
Source: Getty Images

CEO of Caverton Offshore Support Group, Bode Makanjuola, said:

"This associated venture, the effect of galore years of planning, marks a important stride successful enhancing Nigeria's maritime capabilities. By combining section cognition with planetary champion practices, we are establishing a world-class cognition that volition payment not lone Nigeria but the full Sub-Saharan Africa region.

Two refineries successful Nigeria resume petrol merchantability

Legit.ng reported that the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has announced that its members person commenced the lifting of Premium Motor Spirit (PMS), popularly known arsenic petrol, from the Port Harcourt and Warri refineries.

This was disclosed by Joseph Obele, spokesperson for PETROAN successful a connection released implicit the weekend.

According to PETROAN, the 2 refineries, owned by the Nigerian National Petroleum Company Limited (NNPCL), are present operational and supplying petroleum products to their association.

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Source: Legit.ng