Nigerian Nationwide Petroleum Co. Ltd. (NNPC) has signed a take care of native delivery firm Caverton Marine Ltd. and Sweden’s Stena Bulk to create an oil and gasoline tanker operator that can serve Nigeria and West Africa.
The companions will “discover choices to create a contemporary and environment friendly fleet of tankers, comprising each new and present tonnage relying on market components and industrial alternatives within the area”, a joint assertion mentioned.
“The companions will consider alternatives for each vessel acquisitions and long-term constitution preparations, with a concentrate on sustaining aggressive working prices whereas assembly the very best requirements of security and sustainability.
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“This fleet will primarily serve the logistics wants of NNPC (crude, clear and LNG/LPG)”.
The fleet would additionally cater to different producers and merchants of petroleum, refined merchandise and liquefied pure gasoline (LNG).
“This strategic partnership marks a major milestone in NNPC’s dedication to modernizing Nigeria’s maritime infrastructure”, mentioned NNPC Delivery Ltd. managing director Panos Gliatis. “By combining our experience with Stena Bulk and Caverton Marine, we’re creating a strong platform that can improve our home refining, import and export capabilities and strengthen Nigeria’s place in international vitality logistics”.
Stena Bulk president and chief govt Erik Håne mentioned, “This collaboration aligns completely with our pragmatic technique of increasing our presence in key development markets whereas sustaining our excessive requirements of operational excellence and sustainability”.
“Nigeria’s vitality sector is present process exceptional transformation, and we’re proud to be a part of this journey”, Håne added.
Bode Makanjuola, chief govt of Caverton Marine guardian firm Caverton Offshore Help Group, mentioned, “By combining native information with worldwide greatest practices, we’re establishing a world-class operation that can profit not solely Nigeria however your complete Sub-Saharan Africa area”.
The co-venturers mentioned, “The nation’s strategic location, rising inhabitants, and bold infrastructure developments are creating new alternatives for delivery corporations”.
Caverton Marine, integrated 1999, ships hydrocarbon merchandise and gives different marine transport companies. Its clientele consists of offtakers of liquefied petroleum gasoline (LPG) from Nigeria LNG, which produces as much as 22 million metric tons a yr of LNG and as much as 5 million metric tons a yr of pure gasoline liquids together with LPG.
Stena Bulk, based 1982, owns about 100 vessels transporting crude and refined merchandise.
Final yr NNPC made its first deliveries of LNG to Japan and China on an ex-ship foundation. NNPC bought its first LNG cargo late 2021 and has traded over 20 cargoes to the Asian and European markets on a free-on-board foundation, NNPC mentioned then.
The current cargoes for China and Japan marked the primary time NNPC bought LNG to those nations on a delivered ex-ship foundation, which means NNPC oversaw delivery and insurance coverage for the merchandise till they reached designated ports, it mentioned in a press launch August 26, 2024.
Its subsidiaries NNPC LNG Ltd. and NNPC Delivery collaborated on the deliveries.
To contact the writer, e-mail jov.onsat@rigzone.com
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