“Under the Deep Offshore Act, there was a provision in 1993 that says once the price of crude exceeds $20 a barrel, the government will take steps to ensure that the premium element is then distributed under an agreed formula so that we can get more from our oil. But over the last 20 years, nothing really was done."
The post Nigeria lost $21bn over failure to implement part of Deep Offshore Act – Kachikwu appeared first on SweetCrudeReports.
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Crude Oil Brokers Ltd is a dedicated global broker and facilitator of crude oil buying and selling. We work directly with crude oil buyers and crude oil sellers worldwide. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the brokering of crude oil and other petroleum products buying and selling.
We have buyers and sellers of;
1. Nigerian Bonny Light Crude Oil, BLCO
2. D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc.
3. Saudi Light Crude Oil, SLCO
4. Iraqi Light Crude Oil
If you are a buyer or seller of crude oil or other petroleum products or have mandate to buy or sell any of the above oil products, do contact us because we could be of help.
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