NNPC, trading company sign agreement on Escravos terminal maintenance

The Nigerian Pipelines and Storage Company Limited has signed an agreement with West Africa Gas Limited to provide operation and maintenance services to the Escravos crude oil terminal facility.was incorporated in March 2013 as a joint venture company of the Nigerian National Petroleum Company Limited and Ocean Bed Trading Ltd, an oil and gas trading arm of Sahara Energy.

According to a statement by NNPC Limited, NPSC’s parent company, the agreement was signed in Abuja on July 3. “Earlier today at the NNPC Towers, Abuja, the Nigerian Pipelines and Storage Company Limited , a downstream subsidiary of the NNPC Ltd. has signed an agreement with WAGL Energy Limited for the provision of Operation and Maintenance Services to the Escravos Crude Oil Terminal Facility,” NNPC said.

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Nigeria may lose $27.2 billion Escravos seaport investment to other countriesNigeria is on the verge of missing out on the $27.29 billion funding for the Escravos Seaport Industrial Complex (ESIC) project in Delta State, as well as related projects in seven other beneficiary states, by the end of June 2024.
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