Bunkering in the Nigerian Oil and Gas Sector

Anglický jazyk

Bunkering in the Nigerian Oil and Gas Sector

Vydavateľstvo: LAP LAMBERT Academic Publishing
Rok vydania: 2015
Formát: Paperback
Rozmer: 220 x 150 mm
Jazyk: Anglický jazyk
ISBN: 9783659795336

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O knihe

This book undertook a careful examination of oil bunkering in the Nigerian oil and gas sector and its effect on Nigeria's economy. It seeks to clarify the embarrassing misconception between oil bunkering and crude oil theft in Nigeria. It further reveals that, oil bunkering is a legitimate downstream business contrary to public belief as illegal on the face of it, as it primarily involves the fueling of ships with bunker oil. Oil bunkering becomes illegal when the requisite licence has not been obtained from the Department of Petroleum Resources (DPR) or where the licence is invalid. Economic sabotage becomes inevitable when over 400,000 barrels of crude oil are stolen per day, which are illegally refined and routinely sold off with a barge to bunker ships with such illegally refined bunker oil. Oil bunkering being a legitimate business undoubtedly will bring about economic prosperity where things are done according to law and the elimination of attendant factors.