The Central Bank of Nigeria (CBN) has undertaken a significant restructuring of terminal allocations to Swede Control Intertek Ltd and other Pre-Shipment Inspection Agents (PIAs) in the crude oil and gas sector.
This move, which takes immediate effect, is aimed at enhancing operational efficiency and ensuring greater transparency in Nigeria’s crude oil export processes.
In a circular issued by the Trade and Exchange Department of the CBN and signed by A.A. Mahdi, the apex bank outlined the revised terminal assignments, effectively overriding previous allocations.
Swede Control Intertek Ltd has now been assigned to Ima (Otahihvo), ERHA, and Aarca Terminals.
Other assignments include Neroh Technologies Ltd to Nembe Terminal, Holborn Oil and Gas International Ltd to Isan, Enna, and Yoho Terminals, and Felton Energy & Investment Ltd to Tunu, Antan, and Odudu Terminals.
JBIS Integrated Resources Ltd has been allocated Avbam, Bonza, Ohoro, Akpo, Usan, and Forcados Terminals, while Patibon Services Ltd will oversee Ebok, Oso, Pennington, Okhworn, and E.A. Terminals.
Offshore Bulk Inspection Co. Ltd has been designated for Escravos, Brass, Anyala-Madu, Qua-Iboe, and Owuwu Terminals, Candid Oil Ltd will handle Uso Ocha, Abo, Agbami, Ohono, Balema, Bonny, and Ukpokiti Terminals, and Dakee Engineering & Construction Ltd (Gas) has been assigned LNG and Forcados Terminals.
To reinforce regulatory oversight, the CBN has also assigned PIAs to specific Monitoring and Evaluation Agents (MEAs) who will be responsible for supervising their activities.
Under the new structure, Arlington Securitas Nigeria Ltd will oversee JBIS Integrated Resources Ltd, Offshore Bulk Inspection Co. Ltd, Holborn Oil & Gas International Ltd, Candid Oil Ltd, and Dakee Engineering & Construction Ltd (Gas). DV Howells Nigeria Ltd will supervise Felton Energy & Investment Ltd, Swede Control Intertek Ltd, Patibon Services Ltd, and Neroh Technologies Ltd.
The CBN has directed all relevant stakeholders, including the Nigeria Customs Service, Nigerian National Petroleum Corporation Limited (NNPC), regulatory agencies, oil and gas companies, and terminal operators, to comply with the revised allocations.
The restructuring is expected to streamline operations and strengthen oversight of Nigeria’s oil and gas export sector, reinforcing transparency and efficiency in the industry.
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