Director-General of NIMASA, Jamoh Bashir, disclosed this in Lagos, when he received a delegation from the Nigerian National Petroleum Corporation, NNPC, led by the newly appointed Group General Manager, Crude Oil Marketing Division, NNPC, Sir Billy Okoye.
Jamoh Bashir, who had recently paid a similar working visit to the Group MD of NNPC Group Mele Kyari, expressed NIMASA’s appreciation of NNPC for accommodating the Agency’s interests in transactions where the maritime regulator relied on data from the national oil company.
“Since 2018, NIMASA has championed moves for a change in the terms of trade with regard to transportation of Nigerian crude oil, from FOB to CIF to ensure greater benefits for the country from its oil resources,” DG stated.
“A technical committee involving NIMASA, NNPC, and other stakeholders would be set up to develop a template for the desired change, with workable timelines,” Bashir added.
Bashir, commended the synergy between NNPC and NIMASA, saying, “Seventy per cent of the Agency’s revenue comes through the sale of crude. Thus, cooperation between NNPC and NNPC cannot be over-emphasised.”
Culled from NIMASA Twitter Handle
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