Business
…Moves To Check Pipeline Vandalisation
The Pipeline Product Marketing Company (PPMC), a subsidiary of the Nigeria National Petroleum Corporation (NNPC), will henceforth discharge imported petroleum products into Atlas cove underwater storage tank constructed inside the Atlantic ocean, The Tide has learnt.
This followed last Sunday’s attack of the Lagos Atlas cove jetty, the country’s main fuel reception facility by the Movement for the Emancipation of the Niger Delta (MEND).
The measure, it was learnt, was to ensure uninterrupted supply of petroleum products in the country.
It was gathered in spite of the attack, which hit the submarine pipeline system and could affect at least, two ships bierthing weekly, NNPC can still receive products from singe point mooring (SPM) to the Atlas cove underwater storage tank.
According to a source at the NNPC, the storage tank was not affected by the attack because it is in the Atlantic ocean.
Single point mooring (SPM), otherwise called single buoy mooring (SBM), is a loading buoy anchored offshore that serves as a mooring point and interconnect for vessels loading or offloading gas or liquid products.
SPM, which are capable of hurdling vessels of any size and even very large crude carries (VLCC), are the link between the geostatic sub sea manifold connections and the tanker.
The buoy usually is supported in static legs unattached to the scabbed, with a rotating part above water level connected to the offloading tanker.
The Tide gathered that when the products are discharged in SPM, they are transferred into sub sea storage tanker, which was not affected by the militants attack.
Business
Fidelity Bank To Empower Women With Sustainable Entrepreneurship Skills, HAP2.0
Business
President Tinubu Approves Extension Ban On Raw Shea Nut Export
Business
Crisis Response: EU-project Delivers New Vet. Clinic To Katsina Govt.
-
News2 days agoAmend Constitution To Accommodate State Police, Tinubu Tells Senators
-
Politics2 days agoSenate Urges Tinubu To Sack CAC Boss
-
News2 days agoDisu Takes Over As New IGP …Declares Total War On Corruption, Impunity
-
Business2 days ago
President Tinubu Extends Raw Shea Nuts Export Ban To 2027
-
Business2 days ago
Crisis Response: EU-project Delivers New Vet. Clinic To Katsina Govt.
-
Business2 days ago
President Tinubu Approves Extension Ban On Raw Shea Nut Export
-
Business2 days agoPENGASSAN Rejects Presidential EO On Oil, Gas Revenue Remittance … Seeks PIA Review
-
Business2 days ago
FG Pushes Cassava Bioethanol Drive To Boost Industrial Growth
