Illegal oil bunkering is effectively Nigeria’s most profitable private business. Our staff of attorneys, business plan consultants, and finance professionals have written feasibility studies for such […] INTRODUCTION. Bunkering was introduced in Nigeria as a legitimate business activity in 1979 with licences issued by the DPR. Bunkering operations in Nigeria is the process of supplying fuels, including but not limited to, Automotive Gas Oil (AGO), Fuel Oil, Liquefied Natural Gas (LNG) & lubricating oils to users in the marine environment. Bunkering activities were banned in 1984, following observations by the Nigerian government of occurrences of illegal activities - such as the stealing of Nigerian crude oil - which were carried out under the pretence of providing bunker fuel to ocean-going vessels. A Nigerian federal court has found seven people guilty of illegal bunkering in Nigerian waters, local media reports.. Delmar Petroleum Company Limited is an indigenous oil and gas trading company in Nigeria with areas of specialization in petroleum products bunkering including storage, distribution, marketing & sales, petroleum and crude oil logistics. 1.1 Background to the Study. International Bunkering Safety Standards. The combination of crude oil theft, illegal refining and pipeline vandalism has become a major threat to Nigeria in meeting the Government’s revenue […] It is a legitimate business line which involves supplying fuel to ships. The individuals were reportedly each sentenced to 10 years in jail on five counts of illegal oil bunkering and dealing in petroleum products without lawful authority or licence. Though, the terminology bunkering was originated in the days of steamships, when the fuel, coal, was stored in bunkers. Oil bunkering is a term used globally in both the petroleum and marine industry. Legal aspects of bunkering include contracts, defaults, ship arrest and dispute resolution. Read Also: Punishment for Drug Adulteration in Nigeria This is because bunkering is a technical and capital-intensive business. But many of those who take part see their actions not as stealing but as claiming what is rightfully theirs. 6 Patrick Ganza Limited Suite 25, Anjorin Shopping Complex, Apapa, Lagos, Nigeria Nigeria Feasibility Study If your company needs to create a feasibility study our team at Prospectus.com can assist. Punishment for Illegal Bunkering in Nigeria will be discussed here. Illegal oil bunkering will cripple Nigeria’s economy – EFCC. The Department of Petroleum Resources' bunkering guidelines apply to all vessels engaged in bunker fuel business or trade within any part of Nigeria's territorial or internal waters. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. Any party intending to participate in bunkering operations must obtain a bunkering licence. Diri, represented by his Deputy, Lawrence Ewhrudjakpo, said but for the gallantry and professionalism of the army, Bayelsa would have been thrown into chaos as a result of the Supreme Court ruling on February 13. The fuels used for fueling vessels are stored in the bunkers of these vessels. CHAPTER ONE. Causes, Types, Effects, And Solutions to Corruption In Nigeria. List of Bunkering services companies and services in Nigeria. Illegal bunkering in Nigeria Dec 24, 2004 01:00 AM The on-going inquest into the circumstances surrounding the disappearance of bunkering ship, MT African Pride, has thrown up a plethora of revelations bordering on the dirty deals that go on in Nigeria's upstream oil sector. Bunkering, as oil theft is commonly referred to in Nigeria, involves siphoning crude from pipelines into makeshift vessels. x. Ship/ Vessels to be utilized for mobile Bunkering Operations in Nigeria MUST be listed in the Lloyds, Bureau-Veritas or any of the internationally recognized Classifications, and evidence of such registration shall be provided by the applicant. According to IPMAN state branch chairman, Comrade … For over 20 years our firm has assisted hundreds of companies in over 50 countries write and draft feasibility study reports. However, as a result to corruption and illegal activities in the system, bunkering operations were limited to five major oil-marketing companies in 1984. Offshore Manager +65 9821 2158. Singapore. get the complete material. ... Get the latest news and analysis of issues from Nigeria, Africa and around the world, direct into your inbox, daily. List of Bunkering services companies and services in Lagos Nigeria. DAILY POST gathered that Okarki community is known for illegal bunkering and other criminal activities. Data Briefs. Search for Bunkering services with Addresses, Phone numbers, Reviews, Ratings and Photos on Nigeria Business Directory LAGOS – Illegal bunkering and Oil theft have continued to threaten the growth and survival of the Nigerian economy, and has continued to cause pollution of the environment in the Niger Delta region. Jet Blue Nigeria is a maritime business venture which provide bunkering services that include supplying of fuel to use by ships and others maritime logistics. The practice is both environmentally damaging and costly for the state. Dan Bunkering is providing me with a challenging opportunity to follow this passion. Truck to Ship; Truck to Ship bunkering is most often carried out from a tanker, which connects using flexible hoses. Hendiac Nigeria limited is known for reliable bunker supply, we undertake delivery of marine fuels, assuring reliable and on-time delivery of bunkers for our clients. oil bunkering in nigeria’s niger delta region (1990-2007): (the trade, practice and economic implication’s) Bunkering operations in Nigeria is the process of supplying fuels, including but not limited to, Automotive Gas Oil (AGO), Fuel Oil, Liquefied Natural Gas (LNG) & lubricating oils to users in the marine environment. They regulate all matters pertaining to bunkering, including the issuance of licences. Lawful bunkering promotes activities in ship acquisition, leasing, project financing etc., and thus engenders capacity building in Nigeria. Explosion kills three in illegal bunkering camp in Bayelsa. OMSA holds a valid bunkering license along with all other required permits which allow us to operate in Nigerian waters. Thousands of people in Nigeria engage in a practice known locally as "oil bunkering" - hacking into pipelines to steal crude then refining it or selling it abroad. Anna Okon Nigeria loses about $25bn yearly to illegal oil bunkering, piracy and other illegal businesses on Nigerian waters, a former Minister of Transportation, Mr Rotimi Amaechi, has said. THE MENACE OF ILLEGAL OIL BUNKERING IN NIGERIA: ISSUES AND SOLUTIONS. The Nigeria Security and Civil Defence Corps (NSCDC), Abia command, has arrested 28 suspects in connection with pipeline vandalism and illegal bunkering from September to date in the state. Four models can be identified. At their peak, attacks on oil installations by militants claiming to be fighting for a share of the oil wealth for locals slashed Nigeria’s production by about a … The Niger Delta region is the crude oil and natural gas hub of Nigeria with several networks of product pipelines (both surface and subsurface) which has created a social problem of vandalization of the product pipelines for the purpose of stealing the product. Search for Bunkering services Lagos with Addresses, Phone numbers, Reviews, Ratings and Photos on Nigeria Business Directory : 4 This includes the theft, diversion, and smuggling of petroleum products. Bunkering itself is the process of supplying fuel for use by ships which includes the shipboard logistics of loading fuel and distributing it among available bunker tanks. Bunkering Services. Jarle Aakermann. With several tankers stationed offshore Nigeria, we have the capability to service multiple locations simultaneously, along with the option of delivering across the West African region. 3 Optima Energy Resources Ltd. A number of factors influence the way in which bunkering can take place, including the scale of operations and infrastructure. In terms of an orthodox definition and in the context of Nigeria, "oil theft" is constituted as the illegal appropriation of refined oil or crude oil from the various multinational oil companies that are positioned in the country through the process of oil bunkering. xi. The Nigerian Army says it has uncovered a massive illegal oil bunkering site located one kilometre along the Nigerian Ports Authority (NPA) in Port Harcourt. My spare time, when not enjoying the company of my wife and 3 children I spend cycling, sailing and participating in races in the region. This is to guide Nigerians on the danger of the crime of bunkering. 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