Entrepreneurng.com
Wednesday, April 15, 2026
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us
No Result
View All Result
Entrepreneurng.com
No Result
View All Result
Home News Business News

Why Nigerian vessels can’t lift crude – Ex COMD-NNPC

by Ikenna Ngere
January 10, 2023
in Business News, News
0
Why Nigerian vessels can’t lift crude – Ex COMD-NNPC
493
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

A former General Manager, Shipping and Terminal Operations, Crude Oil Marketing Division of the Nigerian National Petroleum Corporation, Kon Bob-Manuel, has said that the inability of Nigerian vessels to comply with international standards has been preventing them from participating in the lifting of crude oil.

Bob-Manuel, in a telephone conversation with The PUNCH in Lagos on Monday, said that the crude oil market is an international business and one must comply with the international standard to be able to participate.

He said there was no law stopping Nigerian vessels from participating in the lifting of crude oil.

He stated, “The crude oil market is an international business that you must comply with international standards. But unfortunately, Nigerian vessels have not been very prominent in this compliance. You cannot buy a product from Nigeria to Belgium and begin with a Nigerian character in the operation. Maybe your radar is not working or you don’t have an official permit, thinking they should understand. These are some of the reasons that made the crude lifting be done by foreigners.

“It has appeared as if Nigerians are stopped from doing so. It is not totally so, but the reference is that business should be done in a business-like manner.

“But just like I said, there is no law saying that no Nigerian should participate in the oil lifting business. If you have a good vessel, they will go for you. But if your vessels are bad, nobody will like to come to you, after all, the shipping business is very expensive. We want fellow Nigerians to participate in the multiplier effect of the shipping business. In fact, there were times we used to go to the vessel to load crude oil only to discover that most of the caterers are Lebanese. We were not happy but if it was a Nigerian, he would try to cut corners. But I think all these things are being addressed now.”

SOURCE: PUNCH

Tags: Crude OilEx COMD-NNPCNigerian
Share197Tweet123
Ikenna Ngere

Ikenna Ngere

  • Trending
  • Comments
  • Latest
Prince Faisal bin Salman Al Saud

Saudi Arabia: Top 10 Richest Princes and Princesses of the Royal Family

January 4, 2025
2025 Budget: Federal Government Allocates ₦132bn to Support Farmers

2025 Budget: Federal Government Allocates ₦132bn to Support Farmers

January 4, 2025
Applications Open: Nehemiah Davis' Greatness Grant 2025 (Up to $2,500 Available)

Applications Open: Nehemiah Davis’ Greatness Grant 2025 (Up to $2,500 Available)

February 23, 2025
Sam Bankman-Fried

FTX founder Sam Bankman-Fried has been arrested in the Bahamas

19
THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

3
RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

2

New Casino Websites In The Uk April 2026 High 11 Greatest New On Line Casino Sites

April 15, 2026

Pin Up Casino jonli dilerlar bilan oyinlar va real vaqtda translyatsiyalar.62

April 15, 2026

On Line Casino Promotions At Seminole Basic Casino

April 15, 2026
Entrepreneurng.com

Copyright © 2025

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us

Copyright © 2025