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Nigerian National Petroleum Corporation mulls start of bunkering unit

30 Aug 2018

The Nigerian National Petroleum Corporation (NNPC), the state oil corporation of Nigeria, is considering starting a subsidiary to provide refuelling services to ships and other ocean-going vessels as part of efforts to consolidate its foothold on the shipping business in Nigeria and boost profitability.

The Group General Manager of NNPC Shipping, Aisha Katagum, made the disclosure in an interview published in the August edition of NNPC News –  the organisation’s in-house journal.

“Actually, the NNPC Group Managing Director (GMD) is also very keen on that. He has directed the Corporate Planning & Strategy (CP&S) Division to come up with a business model for us to see how it could operate,” said a NNPC spokesperson on Wednesday.

Katagum noted the bunkering subsidiary will most likely be an incorporated company domiciled in the NNPC Shipping Division.

“I’m sure it’s going to be a big business because we have so many vessels that come into the West African Coast,” she says.

“This year alone, over 120 vessels have brought imports for us.”

Photo credit: Nigerian National Petroleum Corporation
Published: 30 August, 2018

 

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