« | »

‘Oil Bunkering’ not Crime, but refueling of Ships — Jeddy Agba

Posted by on July 30, 2019>

Ministerial nominee from Cross River State, and former Group General Manager of Crude Oil Marketing of the Nigeria National Petroleum Corporation, Goddy Jedy-Agba, on Monday said oil bunkering was a legitimate activity in the business of oil and gas industry.

Responding to questions during his screening by the Senate on Monday, he said, bunkering is not a crime, adding that people held a wrong notion of what bunkering was all about.

He described ‘bunkering’ as the refueling of ships which transports crude oil on the high seas, noting that ships spent months to reach destination, hence, bunkerers were needed at that point.
“There is a wrong understanding of oil bunkering and I want to correct it here that oil bunkering is not a crime. ”
“Ships transporting crude oil abroad spends months on high seas, it is bunkerers that supply fuel so it is a legitimate business and not the way it is understood to is.”

READ ALSO  CBN Governor lauds Cross River Governor's Agro-industrialisation

In his to Senator Matthew Uroghide on what he would do to stop ‘topping’. The nominee said: “Like bunkering, toppings is not possible at the point of loading.”
Describing toppings loading beyond the normal measurement, he said it was practically impossible, because about 19 agencies monitor crude oil loading at all times.
The former General Manager said, me would add revenue agency among the agencies of government if he eventually become the Minister of Petroleum.

He lamented the obsolete laws currently operated in the oil and gas industry, saying those laws were meant to protect the interest of foreign oil majors.
“Nigeria operate obsolete oil laws and that is creating serious problems. because we still operate OIC laws which were meant to service oil business interest of foreigners.”
“Our pipelines are as old as our refineries. Crude oil is corrosive and when pipeline becomes old it cannot withstand the pressure of oil pumping and that is why we have cases of explosion.”
“Crude oil production is capital intensive which cost about $20 million for three or four cargoes and no Bank in Nigeria could give out that kind of loan.”
“Bunkering is not a crime, but the term has been wrongly used. Bunkering is a legitimate oil activities.”
“Topping is also wrongly used and it is not wrong to do toppings. Topping of oil is done in the presence of 19 agencies and you cannot compromise all of them.”
He urged Senators to review oil and gas laws that would assist the industry.

READ ALSO  BREAKING: Winifred Oyo-Ita sends retirement letter to Buhari

Subscribe to Blog via Email

Enter your email address to subscribe to Wee Talk Naija and receive notifications of new posts by email.

Latest Post

READ ALSO  World best Universities graduates sons, daughters of Nigerian politicians (Photos)

Leave a Comment

See more posts about 👇

, ,

Share this post with your Friends on

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment moderation is enabled. Your comment may take some time to appear.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Go Back To The Top

Kizz Daniel – Eko

Download Here

DJ Tunez Ft. Wizkid & Blaqjerzee – Gbese

Watch Here

« | »

Looking for something? Search below


...... ...

...... ...

About Weetalknaija Daily Post