Page 3 - ப்ரொடக்ஶந் நிறுவனம் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Court blocks Shell’s bank accounts Reallocation of crude oil volume from Nigeria’s Bonny Terminal between 2016 and 2018, following gaps in metered volume between oil majors and some indigenous firms, is responsible for allegations of crude theft in the nation’s onshore operations. The calibration of a “2×12” Coriolis flowmeter installed by Shell Petroleum Development Company Nigeria (SPDC) at the inlet of the Nembe Creek Trunk Line (NCTL) into Bonny Terminal for custody transfer measurement and allocation purposes raised gaps in crude volume reconciliation among operators. Findings from the Department of Petroleum Resources in 2018 had shown that the NCTL facility was installed by SPDC as a temporary arrangement, pending completion of the permanent LACT unit. With the commissioning of the permanent LACT in 2018, the Federal Government, through the Department of Petroleum Resources (DPR), reallocated volumes to address shortfalls and technical allowable.

Nigeria generalNembe creekJustice oluremi omowunmi oguntoyinboBamidele odugbesanJustice oguntoyinboShell petroleum development company nigeriaRoyal dutch shell plcTrading ltdDepartment of petroleum resourcesEasternep company ltdRoyal dutch shellProduction company ltdCompany ltdShell international tradingHigh courtBonny island