Sweetcrude july edition

Page 1

Shell places limit on Bonny Light export P/10

ExxonMobil boss admits to Nigerian Content violations P/9

A Review Of The Nigerian Energy facebook.com/sweetcrudereports

VOL 04 N0. 48

U P DAT E S JUL-17 JUN-17 MAY-17 APR-17 MAR-17 MAR-17 FEB-17 JAN-17 DEC-16 NOV-16 OCT-16 SEP-16 AUG-16 JUL-16 Daily | Weekly | Monthly | Yearly

47.08 45.21 49.20 51.37 51.26 50.32 53.37 52.40 51.67 43.22 47.23 42.89 43.10 42.68

46.52 U$

JULY, 2017

Industry twitter.com/sweetcrudeRep www.sweetcrudereports.com

Nigeria: Seven oil licenses illegally awarded between 2008 & 2011 Iyabo Obasanjo-Bello benefited from deal How DPR shot itself in the foot

62 58 54 50 46 42 38 34 30 26 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17

IOCs resort to selling Nigerian crude cheaper

L

oading data at ports have shown that due to an overhang of Nigerian crude at ports, International Oil Companies, IOCs, operating in the country have resorted to selling the country’s crude oil at cheaper prices. According to shipping data made available to SweetcrudeReports, an Indian tender had to take in some of Nigeria’s excess crude. We were told that major oil companies took some of Nigeria’s unsold crude oil into their refining system, while Angolan cargoes loading for August, were reported to have been sold out. As at early July, 40 cargoes of Nigeria’s crude oil booked for August

CONTINUES ON PAGE 6

Oil well head

Nigeria consumes over 17bn litres of PMS annually

P/12

Egina FPSO arrival in Nigeria suffers set back P/15


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Sweetcrude july edition by Sweetcrude reports - Issuu