News
Oil Bunkering, Not A Crime -Minister-Designate
Ministerial nominee from Cross River State and former Group General Manager of Crude Oil Marketing of the Nigeria National Petroleum Corporation, Goddy Jedy-Agba, last Monday said oil bunkering was a legitimate activity in the business of oil and gas industry.
Responding to questions during his screening by the Senate, he said, bunkering was not a crime, adding that people held a wrong notion of what bunkering was all about.
He described ‘bunkering’ as the refuelling of ships which transports crude oil on the high seas, noting that ships spent months to reach destination, hence, bunkerers were needed at that point.
“There is a wrong understanding of oil bunkering and I want to correct it here that oil bunkering is not a crime. “
“Ships transporting crude oil abroad spend months on high seas, it is bunkerers that supply fuel so it is a legitimate business and not the way it is understood to us.”
In his response to Senator Matthew Uroghide on what he would do to stop ‘topping’. The nominee said: “Like bunkering, toppings is not possible at the point of loading.”
Describing toppings as loading beyond the normal measurement, he said it was practically impossible, because about 19 agencies monitor crude oil loading at all times.
The former general manager said, he would add revenue agency among the agencies of government if he eventually became the minister of petroleum.
He lamented the obsolete laws currently operated in the oil and gas industry, saying those laws were meant to protect the interest of foreign oil majors.
“Nigeria operates obsolete oil laws and that is creating serious problems because we still operate OIC laws which were meant to service oil business interest of foreigners.”
“Our pipelines are as old as our refineries”.
News
Cleric Predicts Breakthrough, Warns of Political and Security Challenges in 2026
News
Ado Royal Family Disowns Alleged Installation of Amanyanabo of Okrika
News
PH Traders Laud RSG’s Fire Safety Sensitisation Campaign
-
Politics4 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business4 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports4 days agoJ And T Dynasty Set To Move Players To Europe
-
Business4 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics4 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Politics4 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business4 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment4 days agoAdekunle Gold, Simi Welcome Twin Babies
