Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Nigeria LNG vessels blockaded in tax levy dispute

06.26.2013  | 

The LNG Co., a joint venture between Nigeria's state oil company, Shell, Total and Eni, is at loggerheads with the Nigerian Maritime Administration and Safety Agency over the payment of maritime taxes. A spokesman confirmed that the agency was preventing the movement of Nigeria LNG vessels.

Keywords:

By SARAH KENT

LONDON -- Nigeria LNG tankers aren't being allowed to enter or depart from the Bonny Island Terminal on the coast of Nigeria, according to the company, following an escalation of a long-standing dispute with maritime authorities over taxes.

The LNG Company, a joint venture between Nigeria's state oil company, Shell, Total and Eni, is at loggerheads with the Nigerian Maritime Administration and Safety Agency over the payment of maritime taxes.

A spokesman for NIMASA confirmed that the agency was preventing the movement of Nigeria LNG vessels.

In a statement, the agency said it took action after Nigeria LNG failed to abide by a settlement the two sides had reached over the taxes. The company said it has paid NIMASA $20 million and has taken the dispute to court.

This is the second time this year the agency has prevented Nigeria LNG tankers from accessing the company's loading bay on Bonny Island, near Port Harcourt.


Dow Jones Newswires



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

john kirkpatrick
06.27.2013

at an estimated $630,000,000 hit per year this tax will not be resolved soon.

Related articles

FEATURED EVENT

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


70%

30%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.