Nigeria Approves New Crude Oil Export Terminal In Niger Delta

By Tsvetana Paraskova

Nigeria’s government has authorized a local oil company to operate a new floating crude oil export terminal off the coast of the Rivers state in the oil-rich but still troubled Niger Delta.

Belemaoil Producing Ltd has been allowed to moor a floating storage and offloading (FSO) unit and use it as a crude oil export terminal, according to a letter signed by the Director of Nigeria’s Department of Petroleum Resources (DPR), Mordecai Ladan, Nigerian media report.

To continue reading, please click here.

Source: oilprice.com

Leave a comment

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