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Two Lagos jetties to receive N119.8bn fuel from 16 vessels

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Two Lagos jetties to receive N119.8bn fuel from 16 vessels

Sixteen merchant vessels have arrived two Lagos port jetties with 559,721 metric tons of premium motor spirit (PMS) valued at N119.8 billion. The vessels will offload their content at the Atlas Cove Jetty (ACJ) and Single Bouy Mooring (SBM). According to data obtained from the Nigerian Port Authority (NPA)’s shipping position, 12 of the vessels are jostling for berthing space at ACJ, while four will be moored at SBM. Other jetties within the Lagos Port with no ship are New Oil Jetty (NOJ), Petroleum Wharf Apapa (PWA), Nido Gas Bouy (NGB), Standard Flour Mill (SFM), Bulk Oil Plant (BOP), Fishery Wharf (FW), Apapa Turning Basin (ATB), Marina Bouy (MB) And Commodore Pool (CP).

The merchant vessels expected with 408,595 tons of the fuel at ACJ are Lafayette Bay, 38,890tons; Stellata, 33,000tons;Torm Loire, 36,000 tons; Carina West, 38,496 tons; Eco Palm Spring, 37,995 tons; Vela, 38,500 tons; Alpine Mary, 37,948 tons; Horizon Theano, 37,000 tons; Central, 37,839 tons; Gotland Marieann, 37,927 tons and Star Eagles, 35,000 tons Also awaiting berth with 151,126 tons of PMS at SBM include Nord Olympic, 38,000 tons; Sea Frontier, 37,987 tons; FSL Singapore, 37,139 tons and STI Le Rocher, 38,000 tons. The National Bureau of Statistics (NBS) in its report said that the country had imported N812 billion of premium motor spirit (PMS) during the first quarter of 2018. In March alone, it noted that the country took delivery of N349.45 billion worth of PMS, representing the highest volume of petroleum product import during the quarter under review.

The bureau revealed that in the first quarter of 2018, the statistics reflected that 5.67 billion litres of PMS were imported. The NBS record also indicated that the month of March 2018 recorded the highest volumes of PMS imported into the country at 2.41 billion litres. It would be recalled that in January this year, 21 vessels offloaded 589,875 tons (589.8 million litres) of PMS at Atlas Cove Jetty (ACJ) and other jetties in less than one and half months.

The jetties first took delivery of 234.381 tons in the last week of December, 2017 from 11 vessels while in the third week of January, a total of 10 vessels berthed at ACJ with 358, 494 tons of the fuel with Minerva Joy leading with 35,000 tons; Gold Point laden, 38,000 tons; Atlas Breeze, 37,900 tons; Jag Punit, 30,000 tons; The Oni, 36,966 tons; Jenning Bay, 37,993 tons; Atlantic Crown, 38,152 tons, Bora, 35,025 tons; Tom Resilience, 37,304 tons and Glover, 32,154 tons. Within the period, Delta port took delivery of 37,000tons from Amif with 15,000 tons; Mattrix Pride, 15,000 tons and Emantha, 7,000 tons, while 45.3 million litres (45,333 tons) were discharge at Rivers Port from MT Mila with 17,833 tons, MT Levanto, 10,000 tons and Alizea, 17,500 tons. Meanwhile, the Petroleum Products Pricing Regulatory Agency (PPPRA) in its fresh guideline to regulate the importation of petroleum products into the country has said that allocation of import permit to importers will be based on performance and capability.

It added that import licences would be issued to oil marketing companies owning depots with the capacity to store products for distribution, while importers are only allowed specific time frame for discharge of petroleum products. Its Executive Secretary, Reginald Stanley, who presented the guidelines at a meeting with downstream petroleum sector operators in Abuja, said all stakeholders were expected to conduct their businesses in compliance with global best practices.

In addition, the agency stressed that it had established a three-tier inspection system that would take cognisance of the arrival of imported fuel volume at the port, the discharge volume and the truck out volume; enforcement of daily opening and closing stock of all the terminals as well as chain all PMS in-let discharge valves after completion of discharges, while the valves could only be opened when the next cargo arrives.

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