NNPCL Exploration and Production Ltd. and Belema Sweet Export Terminal Ltd have been granted licences by the Nigerian Midstream and Downstream Petroleum
According to PIA Section 174 “Except in accordance with an appropriate licence issued by the Authority, a person shall not undertake the following activities with respect to midstream petroleum liquids operations,’’ he said.
In response, Mr Modibbo Ahmed, who received the licence on behalf of the Nigerian National Petroleum Company Limited , disclosed that the crude oil terminal would be operational within three months. The chief executive officer of Belema Oil Producing Limited, Mr Tein Jack-Rich, who lauded the Federal Government for facilitating business operations in Nigeria, said the terminal would bring Nigeria to a global scale as a high breed terminal.
“Basically the terminal will create over 100,000 jobs for people of the Niger Delta and Nigerians at large, and Nigeria will benefit through revenue earnings when operational,” he said.
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