Court dismisses firm’s objection over missing crude oil revenue

A Federal High Court sitting in Lagos has struck out a preliminary objection filed against the Federal Government of Nigeria in respect of crude oil deals.

Justice Rilwan Aikawa dismissed the preliminary objection filed by Stardeep Water Petroleum Limited against the Federal Government on the ground that the application lacked merit.

Justice Aikawa gave the ruling on Friday, October 11, 2019 on a preliminary objection filed by Stardeep Water Petroleum Limited. The court dismissed the objection and held that the application had no merit.

Justice Aikawa further held that there was sufficient cause of action against the company as claimed by the Federal Government of Nigeria and asked the company to answer the case against it.

The judge adjourned the case till December 5, 2019 for trial.

It will be recalled that the Federal Government of Nigeria had sometime in 2016, through its counsel, Professor Fabian Ajogwu (SAN),t adjourn instituted actions in court against some International Oil Companies (IOCs) to recover lost revenues allegedly arising from undeclared and under-declared crude oil shipments from Nigeria to different parts of the world between 2011 and 2014.

The court agreed with the submissions of counsel to the Federal Government.

source: The Guardian

NNPC signs agreement with NLNG


Reuters
 is reporting that Nigeria National Petroleum Corp. (NNPC) has signed a US$2.5 billion pre-payment agreement with Nigeria LNG (NLNG).

NLNG is owned by NNPC, Royal Dutch Shell, Total and ENI, and operates six LNG production trains on Bonny Island.

The signed agreement is for upstream gas development projects to supply the NLNG’s trains.

This latest news come after NLNG recently announced it was closing in on an investment decision for its Train 7 expansion project at Bonny Island.

SOURCE: LNG Industry

15-10-2019

AGO

PORT HARCOURT DEPOTDEPOT PRICE
AVIDOR PH
SHORELINK
BULK STRATEGIC PH
TSL
MASTERS
LIQUID BULK₦200.0
STOCKGAP
NIPCO/SIGMUND₦187.0
BULK STRATEGIC/NIPCO₦187.0
BULK STRATEGIC/TULCAN
CALABAR DEPOTDEPOT PRICE
NORTHWEST ₦190.0
AMASCO
MAINLAND / PPMC
SAMON PET₦189.0
FYNEFIELD₦189.5
ALKANES₦190.0
YSG (YOUNG SHALL GROW)₦189.5
BLOKKS
HYDE₦ 189.0
UGO HANNAH₦192.0
WARRI DEPOTDEPOT PRICE
RAINOIL OGHARA₦189.0
NEPAL OIL & GAS / NNPC₦189.0
PRUDENT OGHARA₦193.0
MATRIX₦188.0
CYBERNETICS₦ 189.0
PINNACLE₦ 188.0
AYM SHAFA₦ 187.0
LAGOS DEPOTDEPOT PRICE
AFRICA TERMINALS₦188.0
IBACHEM₦187.0
IBETO₦187.0
INT. OIL & GAS₦189.5
LEIGHTEN PET
ETERNA
FOLAWIYO
OBAT
OVH
RAHAMANIYYA
A Z
NIPCO
AITEO₦187.0
AIPEC₦186.0
SAHARA
EMADEB ENERGY₦185.5
A.A RANO₦186.5
WOSBAB₦186.0
MAO
GULF TREASURE₦186.0
SWIFT₦187.0
RAIN OIL₦188.0
MENJ₦188.0
TECHNO OIL
FATGBEMS₦186.0
MRS

DPK

PORT HARCOURT DEPOTDEPOT PRICE
AVIDOR PH
SHORELINK
BULK STRATEGIC PH
TSL
MASTERS
LIQUID BULK
STOCKGAP
CALABAR DEPOTDEPOT PRICE
NORTHWEST
AMASCO
MAINLAND / PPMC
SAMON PET
FYNEFIELD
ALKANES
YSG (YOUNG SHALL GROW)
BLOKKS
WARRI DEPOTDEPOT PRICE
RAINOIL OGHARA
NEPAL OIL & GAS / NNPC
PRUDENT OGHARA
MATRIX
A.Y. Shafa
LAGOS DEPOTDEPOT PRICE
AFRICA TERMINALS
IBACHEM
IBETO
INT. OIL & GAS
LEIGHTEN PET₦212
ETERNA
FOLAWIYO
OBAT₦209.0
D-JONES
RAHAMANIYYA
SAHARA₦211.0
NIPCO
AITEO
AIPEC
STAR SNERGY
EMADEB ENERGY₦209
A.A RANO
WOSBAB
MOBIL₦210.5
CHIPET
BOND₦210
RAIN OIL
MENJ
FORTE OIL
MRS₦215.0

ATK

PORT HARCOURT DEPOTDEPOT PRICE
AVIDOR PH
SHORELINK
BULK STRATEGIC PH
TSL
MASTERS
LIQUID BULK
STOCKGAP
CALABAR DEPOTDEPOT PRICE
NORTHWEST
AMASCO
MAINLAND / PPMC
SAMON PET
FYNEFIELD
ALKANES
YSG (YOUNG SHALL GROW)
BLOKKS
WARRI DEPOTDEPOT PRICE
RAINOIL OGHARA
NEPAL OIL & GAS / NNPC
PRUDENT OGHARA
MATRIX
LAGOS DEPOTDEPOT PRICE
AFRICA TERMINALS₦215.5
IBACHEM
IBETO
INT. OIL & GAS
LEIGHTEN PET₦ 215.5
ETERNA
FOLAWIYO
OBAT
D-JONES
RAHAMANIYYA
A Z
NIPCO
AITEO
AIPEC
STAR SNERGY
EMADEB ENERGY₦210
A.A RANO
WOSBAB
MAO
CHIPET
BOND₦210
RAIN OIL
MENJ
MRS₦215
MOBIL₦209

PMS

PORT HARCOURT DEPOTDEPOT PRICE
AVIDOR PH
SHORELINK
BULK STRATEGIC PH
TSL₦134.0
MASTERS₦133.8
LIQUID BULK₦133.8
STOCKGAP₦133.8
CALABAR DEPOTDEPOT PRICE
NORTHWEST ₦133.7
AMASCO
MAINLAND / PPMC₦133.28
SAMON PET
FYNEFIELD₦133.5
ALKANES
YSG (YOUNG SHALL GROW)
BLOKKS ₦133.3
UGOHANNA₦133.3
WARRI DEPOTDEPOT PRICE
RAINOIL OGHARA₦132.9
NEPAL OIL & GAS / NNPC₦133.0
PRUDENT OGHARA₦132.9
MATRIX
LAGOS DEPOTDEPOT PRICE
AFRICA TERMINALS
IBACHEM
IBETO
INT. OIL & GAS₦132.0
LEIGHTEN PET
ETERNA₦133.5
FOLAWIYO₦133.5
SWIFT₦132.2
D-JONES₦132.0
RAHAMANIYYA
A Z
NIPCO₦132.7
AITEO
AIPEC₦132.2
STAR SNERGY₦132
EMADEB ENERGY₦133.0
A.A RANO₦133.2
WOSBAB₦132.5
MAO
CHIPET₦132.0
BOND
RAIN OIL
MENJ₦132.2
FATGBEMS₦132.2
BOVAS₦132.2

LPG

PORT HARCOURT DEPOTDEPOT PRICE
STOCKGAP₦ 3,200,000
SHORELINK₦ 3,350,000
CALABAR DEPOTDEPOT PRICE
DOZZYN 3,300,000
WARRI DEPOTDEPOT PRICE
PRUDENT₦ 3,250,000
MATRIX₦ 3,150,000
LAGOS DEPOTDEPOT PRICE
NIPCO₦ 3,300,000
NAVGAS₦ 3,300,000
NNPC
PPMC