• Home
  • About Us
  • Contact Us
  • Privacy Policy
Saturday, August 30, 2025
Trackupnews
  • Home
  • News
  • Politics
  • Economy
  • Education
  • Crime
  • Health
  • Environment
  • Entertainment
  • Special Report
No Result
View All Result
  • Home
  • News
  • Politics
  • Economy
  • Education
  • Crime
  • Health
  • Environment
  • Entertainment
  • Special Report
No Result
View All Result
Trackupnews
No Result
View All Result
Home News

FG issues two oil export terminal licences

TrackUpNews by TrackUpNews
June 14, 2023
in News
Reading Time: 1 min read
0
FG issues two oil export terminal licences
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

14 June 2023

The Federal Government of Nigeria has issued and signed licences for the establishment of two crude oil export terminals.

RelatedPosts

Delta @ 34: DOPF Congratulates Oborevwori, Calls for Signing of Security

Warri Rebirth Initiative Stresses Peaceful Co-Existence

Pastor Accused of Assaulting Journalist Granted Bail, Case Adjourned

It said it establishment is capable of generating $11bn revenue annually for the country.

The license which was issued through the Nigerian Midstream and Downstream Petroleum Regulatory Authority to Belema Sweet Export Terminal Limited and NNPC Exploration and Production Limited in Abuja  is said to be capable of generating $11bn revenue annually for the country.

Speaking at the event in Abuja, the Chief Executive, NMDPRA, Farouk Ahmed, said the signing of the terminal establishment licences for the two crude export terminals would lead to the addition of more than four million barrels of oil capacity to Nigeria’s export storage.

“Our activities today are pursuant to the provisions of the PIA (Petroleum Industry Act), which has stipulated new provisions for the establishment of new export terminals.

“According to PIA Section 174(1) (a) ‘Except in accordance with an appropriate licence issued by the Authority, a person shall not undertake the following activities with respect to midstream petroleum liquids operations — (a) establish, construct or operate a terminal or other facility for the export or importation of crude oil or petroleum products.’

“The authority has processed and hereby approves Terminals Establishment Licences for: (a) NNPC Exploration and Production Limited to establish 2,179,747 barrels Crude Oil Terminal at Offshore Akwa Ibom State within the waters of the Exclusive Economic Zone Nigeria.

“(b) Belema Sweet Export Terminal Limited to establish a 2,000,000 barrels Crude Oil Terminal at 20 Nautical Miles of Kula Southern Part of Exclusive Economic Zone Nigeria,” Ahmed stated. operated through a virtual power plant model.

Tags: FG issues two oil export terminal licencesNigeria
Previous Post

Cook-a-Thon : Chef Dammy reaches 120 hours

Next Post

Student loan: NANS demands ASUU’s removal

TrackUpNews

TrackUpNews

Track Up News is an online news publishing site aimed at disseminating newsworthy information to the public with high sense of objectivity.

Related Posts

Delta Governor Reaffirms Commitment to People’s Interest
News

Delta @ 34: DOPF Congratulates Oborevwori, Calls for Signing of Security

August 28, 2025
Warri Rebirth Initiative Stresses Peaceful Co-Existence
News

Warri Rebirth Initiative Stresses Peaceful Co-Existence

August 26, 2025
Pastor Accused of Assaulting Journalist Granted Bail, Case Adjourned
Crime

Pastor Accused of Assaulting Journalist Granted Bail, Case Adjourned

August 26, 2025
230 Billion: Delta State Govt Unveils Plans for Infrastructure Devt
News

Delta @34: “No Lavish Celebrations, Focus on Development Projects”-Mulade

August 26, 2025
DELTA: Stakeholders Urge Action on Unregulated Land Acquisition
News

DELTA: Stakeholders Urge Action on Unregulated Land Acquisition

August 23, 2025
Development Call: Mulade Urges Oborevwori to Prioritize Industrialisation
News

Mulade urges Ijaw and Itsekiri Leaders to Foster Unity for Development

August 18, 2025
Next Post
Student loan: NANS demands ASUU’s removal

Student loan: NANS demands ASUU’s removal

Leave a Reply Cancel reply

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

Recent Post

Delta Governor Reaffirms Commitment to People’s Interest

Delta @ 34: DOPF Congratulates Oborevwori, Calls for Signing of Security

August 28, 2025
Warri Rebirth Initiative Stresses Peaceful Co-Existence

Warri Rebirth Initiative Stresses Peaceful Co-Existence

August 26, 2025
Pastor Accused of Assaulting Journalist Granted Bail, Case Adjourned

Pastor Accused of Assaulting Journalist Granted Bail, Case Adjourned

August 26, 2025
Warri Federal Constituency ward delineation: The story so far

Warri Federal Constituency ward delineation: The story so far

August 26, 2025
230 Billion: Delta State Govt Unveils Plans for Infrastructure Devt

Delta @34: “No Lavish Celebrations, Focus on Development Projects”-Mulade

August 26, 2025

Popular Post

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
Facebook Twitter

About Us

Track Up News is an online news publishing site aimed at disseminating newsworthy information to the public with high sense of objectivity.

Categories

  • Crime (52)
  • Economy (53)
  • Education (20)
  • Entertainment (5)
  • Environment (7)
  • From The Pulpit (1)
  • Health (18)
  • Inside Niger Delta (5)
  • Kid's Corner (1)
  • News (305)
  • Politics (136)
  • Track Up SoundBites (35)

© 2022 TrackUpNews

No Result
View All Result
  • Home
  • News
  • Politics
  • Economy
  • Education
  • Crime
  • Health
  • Environment
  • Entertainment
  • Special Report

© 2022 TrackUpNews