Nigeria Approves Crude Export Terminal

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.
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Source: oilprice.com

Refinery, file image.
Refinery, file image.

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