NNPC $3 billion Venture in West African bunkering market

Report from The Guadian indicates that Nigerian National Petroleum Corporation (NNPC) yesterday in Abuja said it is considering venturing into the West African bunkering market in a bid to boost profit.It said if the initiative becomes feasible, the country could be saving about $1 billion estimated loss to illegal bunkers in the country. The corporation also said it would strengthen its stronghold in the shipping business with a new subsidiary that would provide refuelling services to ships and other ocean-going vessels. In a publication by the corporation, the Group General…

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