FG reviews allocation of oil terminals to pre-shipment inspection, monitoring agents

The federal government has reviewed the current allocation of terminals to pre-shipment inspection agents (PIAs) for the oil and gas sector.

Also, the government reviewed the PIAs assigned to the monitoring and evaluation agents (MEAs).

The Central Bank of Nigeria (CBN) announced the review in a circular on Friday.

CBN said the revised allocation replaces the previous distribution and is to be implemented immediately.

The circular, signed by A.A Mahdi, director of trade and exchange department at the CBN, was addressed to all authorised dealers, Nigeria Customs Service(NCS) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria National Petroleum Company (NNPC) Limited, all terminal operators, all oil and gas Companies and the general public were also notified.

“This new allocation supersedes the previous distribution and is to take immediate effect,” CBN said.

According to the circular, for the updated terminal allocations for PIAs, Nembe was allocated to Neroli Technology; Usan, Egina, and Yoho have been assigned to Holborn Oil and Gas International Limited, while Ima (Otakikpo), ERHA, and Ajapa were given to Swede Control Intertek Limited.

Feltov Energy and Investment Limited has been assigned Tulja, Antan, and Odudu; JBIS Integrated Resources Limited will manage Agbami, Bonga, Okoro, Akpo, Utapate, and Forcados; and Patibon Services Limited has been allocated Ebok, Oyo, Penington, Okwori, and E.A.

The circular added that Offshore Bulk Inspection Company Limited will oversee Escravos, Brass, Anyyala-Madu, Qua-Iboe, and Owuwu; Candid Oil Limited has been assigned Ugo-Ocha, Abo, Aje, Okono, Balema, Bonny, and Ukpokiti; while Dakee Engineering and Construction Limited (Gas) has been allocated LNG and Escravos.

Also, Arlington Securities Nigeria Limited will monitor JBIS, Offshore Bulk Inspection Co. Limited, Holborn Oil and Gas, Candid Oil, and Dakee Engineering and Construction Limited (Gas).

Additionally, DV Howells Nigeria Limited will monitor Feltov Energy, Swede Control Intertek Limited, Patibon Services Limited, and Neroli Technologies Limited.

On May 14, 2024, the federal government appointed nine PIAs, while more terminals were allocated to the agents in September last year.