Shell asks shippers exporting Nigerian oil to sign NNPC guarantee

Shell asks shippers exporting Nigerian oil to sign NNPC guarantee

Oct 9th, 2015 

by John Donovan. 

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Fri Oct 9, 2015

LONDON Oct 9 (Reuters) – Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a “letter of comfort” (LoC) to guarantee that its oil is not stolen, an email from the company seen by Reuters showed.

“Please be informed we expect LPG & Products ship owners to sign the NNPC LoC for any future Shell loading voyages,” the email stated.

NNPC, Nigeria’s state oil company, has lifted a ban on over 100 vessels due to suspected oil theft, but asked ship owners last month to sign a letter of comfort to “guarantee to indemnify” it against any illicit use of their vessel.

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Posted in: Africa, Nigeria, Oil, Reuters, Royal Dutch Shell Plc, Shell.
Tagged: Nigeria · Oil · Royal Dutch Shell Plc · Shell

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