Fuel Subsidy

Transcription

Fuel Subsidy

Physical and Process Audit
for the period 2009 to 2011
Appendix D
Fuel Subsidy
Presented to NEITI
in May 2013 by
Sada, Idris & Co.
Chartered Accountants
Abuja, Nigeria
Nigeria Extractive Industries Transparency Initiative
Physical and Process Report: 2009 – 2011 Oil & Gas Audit
Appendix D: Fuel Subsidy
This report and all appendices are made by Sada, Idris & Co; a partnership
established under Nigerian law and a member firm of IEC network of
independent accounting firm. Unless otherwise stated, any advice relating to
the provision of this service is provided solely for the use of the Nigeria
Extractive Industry Transparency Initiative.
In the event that NEITI wishes to disclose or refer to such deliverable in any
way, including but not limited to any publication on any electronic media, to
any third party, NEITI may notify such third party of the fact that the said
services has been exclusively provided for its use and benefit as it is based on
specific facts and circumstances pursuant to Sada, Idris & Co terms of
engagement.
Sada, Idris & Co shall not be under any obligation in any circumstances to
update any advice or report, oral or written, for events occurring after the
advice or report that has been issued in final form.
Sada, Idris & Co.
(Chartered Accountants)
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TABLE OF CONTENTS
1.0
REVIEW OF SUBSIDY........................................................................................................................................................6
1.1
EXECUTIVE SUMMARY...............................................................................................................................................6
1.2
MAJOR FINDINGS: .........................................................................................................................................................7
1.2.1
SUBSIDIES PAID ON EACH PRODUCT ......................................................................................................7
1.2.2
PRODUCT QUANTITIES FOR WWHICH SUBSIDIES WERE PAID: .............................................8
1.2.3
SUBSIDY PER LITRE: ......................................................................................................................................10
1.2.4
PRODUCT IMPORTERS AND VOLUME OF IMPORT........................................................................11
1.2.5
RECONCILIATION OF SUBSIDY RECEIVED BY IMPORTERS WITH PAYMENTS BY THE
FEDERATION ..........................................................................................................................................................................12
1.2.6
CONFIRMATION OF SUBSIDIES RECEIVED BY IMPORTERS .....................................................13
1.2.7
ANALYSIS OF REFINERY PRODUCTS AND VOLUMES ..................................................................14
1.2.8
REVIEW OF PPPRA FINANCIAL STATEMENTS ................................................................................16
1.2.9
DETERMINATION OF NATIONAL DEMAND ......................................................................................16
1.2.10 OVER-RECOVERY OF ₦4.423 BILLION YET TO BE PAID TO FEDERATION ACCOUNT 17
1.2.11 RECOMMENDATIONS ....................................................................................................................................18
2.0
INTRODUCTION: ..............................................................................................................................................................20
2.2
TERMS OF REFERENCE AND SCOPE OF WORK: ........................................................................................20
2.3
DETAILS OF WORK DONE: ....................................................................................................................................21
3.0
OVERVIEW OF PPPRA ...................................................................................................................................................23
3.1
INTRODUCTION: .........................................................................................................................................................23
3.2
COMPUTATION OF SUBSIDY ................................................................................................................................24
3.3
SUBSIDY REGIME .......................................................................................................................................................24
3.4
THE PETROLEUM SUPPORT FUND (PSF)......................................................................................................25
3.5
SOVEREIGN DEBT NOTE (SDN):.........................................................................................................................25
3.6
PPPRA METHODOLOGY FOR APPROVAL OF PRODUCT IMPORTATION ......................................25
3.6.1
ELIGIBILITY TO DRAW FROM PSF FUND: ..........................................................................................25
3.6.2
SUBSIDY CLAIM PROCESS: ..........................................................................................................................26
3.7
OVERVIEW OF NNPC ................................................................................................................................................28
3.8
NNPC SUBSIDY CLAIMS PROCESS .....................................................................................................................28
3.9
STAKEHOLDERS IN SUBSIDY PAYMENT .......................................................................................................29
3.9.1
DEPARTMENT OF PETROLEUM RESOURCES (DPR): ...................................................................29
3.9.2
INDEPENDENT INSPECTORS: ...................................................................................................................30
3.9.3
FEDERAL MINISTRY OF FINANCE/OFFICE OF ACCOUNTANT-GENERAL OF THE
FEDERATION ..........................................................................................................................................................................30
3.9.4
FEDERAL MINISTRY OF FINANCE AUDIT CONSULTANTS ........................................................30
3.9.5
NIGERIAN NAVY ...............................................................................................................................................30
3.9.6
NIGERIAN CUSTOM SERVICE ....................................................................................................................30
3.9.7
NIGERIAN PORT AUTHORITY (NPA) .....................................................................................................31
3.9.8
CENTRAL BANK OF NIGERIA (CBN) ......................................................................................................31
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3.9.9
DEBT MANAGEMENT OFFICE ...................................................................................................................31
3.9.10 INDEPENDENT CARGO INSPECTORS ....................................................................................................31
3.9.11 FACILITIES/DEPOT OWNERS ...................................................................................................................31
4.0
KEY FINDINGS ...................................................................................................................................................................32
4.1
SUBSIDIES PAID ON EACH PRODUCT..............................................................................................................32
4.2
PRODUCT QUANTITIES FOR WHICH SUBSIDIES WERE PAID: ..........................................................34
4.3
SUBSIDY PER LITRE: ................................................................................................................................................35
4.4
PRODUCT IMPORTERS AND VOLUME OF IMPORT ..................................................................................37
4.5
FEDERATION ...............................................................................................................................................................................37
4.6
CONFIRMATION OF SUBSIDIES RECEIVED BY IMPORTERS ...............................................................38
4.7
ANALYSIS OF REFINERY PRODUCTS AND VOLUMES .............................................................................41
4.7.1
OBSERVATIONS ................................................................................................................................................42
4.8
REVIEW OF PPPRA FINANCIAL STATEMENTS ..........................................................................................42
4.9
DETERMINATION OF NATIONAL DEMAND .................................................................................................43
4.10 MARKETERS WITH UNRESOLVED COMPLAINTS AGAINST PPPRA ...............................................43
4.11 OVER-RECOVERY OF N4.423 BILLION YET TO BE PAID TO FEDERATION ACCOUNT .........44
4.12 CONCLUSION AND RECOMMENDATION .......................................................................................................46
4.12.1 MITIGATING MEASURES AGAINST UNQUALIFIED NEW ENTRANTS. .................................46
4.12.2 Government Should Investigate Wrongful Award of Product Allocation. ..........................47
4.12.3 IMPROVED COORDINATION BETWEEN OAGF, CBN, DMO, BOF AND PPPRA. ................48
4.12.4 APPOINTMENT OF INDEPENDENT INSPECTORS. .........................................................................48
Sada, Idris & Co.
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Sada, Idris & Co.
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1.0 REVIEW OF SUBSIDY.
1.1
EXECUTIVE SUMMARY
1.1.1 BACKGROUND:
Subsidy is defined as assistance directly granted by government to an individual or private
commercial enterprise deemed beneficial to the public. In relation to fuel subsidy, it could
be defined as financial assistance granted to independent petroleum products importers
and local refineries by the government to enable them supply their products at a cheaper
rate for the good of the public.
PPPRA defines Subsidy as reimbursement to the Marketers based on the cost of landing the
product, less its approved ex- depot price. It is a mechanism that is designed to restitute
real costs incurred by marketers in the process of products procurement while ensuring
that end users pay a limited amount for the product.
The issue of subsidy is not alien to the country because it has been in existence since the
military regime when the nation’s refineries as it is presently, could only refine below their
installed capacity to satisfy domestic demand.
PPPRA processes transactions of Marketers and issues them Sovereign Debt Statement
(SDS), while Debt Management Office (DMO) issues Sovereign Debt Note (SDN) to back the
Sovereign Debt Statement. The Office of the Accountant General of the Federation through
the CBN, makes payments to Oil Marketers for subsidy claims based on the SDN issued by
DMO.
Prior to this process, the OAGF disburses funds to PSF account domiciled with the CBN. The
PSF account was being managed and controlled by PPPRA who processes oil marketers’
subsidy payment applications and issued cheques to them after such applications have
been audited by the appointed Auditor.
NNPC draws subsidy from the proceeds of domestic crude oil sales before sweeping the
balance into the Federation account while independent petroleum products importers are
paid subsidies through Petroleum Products Pricing Regulatory Agency (PPPRA) from the
Petroleum Support Fund (PSF).
Sada, Idris & Co.
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1.2
1.2.1
MAJOR FINDINGS:
SUBSIDIES PAID ON EACH PRODUCT
Petroleum products are imported based on quarterly allocation granted to marketers by
PPPRA. Templates were issued to PPPRA to obtain information on subsidy paid to oil
marketers in order to ascertain the aggregate expenditure on subsidy.
The Federal Government paid the total sum of N3.00 trillion as subsidy for petroleum
product consumption for the three years under review. The amount of N1.60 trillion was
paid to marketers through the PPPRA under the PSF scheme representing 53% while NNPC
received N1.40 trillion (47%) which it deducted from domestic crude oil sales before
remitting the net balance to the Federation account. The summary of subsidy paid for
petroleum products is shown below:
Table 1.1 Summary of Subsidy Paid By Federal Government for Three Years
Product/Entity
Years
2009
N'000
2010
N'000
2011
N'000
Audited
Pre-Audit
158,898,484
278,055,311
1,115,581,732
1,552,535,527
48,900,201
-
-
48,900,201
207,798,685
278,055,311
1,115,581,732
1,601,435,728
198,110,212
416,459,361
785,908,668
1,400,478,241
198,110,212
416,459,361
785,908,668
1,400,478,241
Other Marketers through
Audited
PPPRA
Premium Motor Spirit
Dual Purpose Kerosene
Sub-Total
NNPC
Sub-Total
Grand Total
Total
N'000
405,908,897 694,514,672 1,901,490,400 3,001,913,969
Source:
a. PPPRA's Summary of PMS Supply and Subsidy Payment
b. NNPC's Domestic Crude Mandate Profile to CBN
Sada, Idris & Co.
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The overall subsidy payments increased by 71 per cent from N406 billion in 2009 to N695
billion in 2010 and jumped by 174 per cent to N1.90 trillion 2011.
The subsidy payments made through NNPC increased by 110 per cent from N198 billion in
2009 to N416 billion in 2010 and 89 per cent to N786 billion in 2011 while subsidy paid
through PPPRA increased by 75 per cent from N208 billion in 2009 to N278 billion in 2010
and also increased astronomically by 301 per cent to N1.12 trillion in 2011.
Graph showing the total payment on subsidy from 2009 - 2011
PPPRA, 4,
1,601,435,728
NNPC, 4,
1,400,478,241
PPPRA, 3,
1,115,581,732
NNPC, 3,
785,908,668
PPPRA,NNPC,
1, 1,
207,798,685
198,110,212
1.2.2
PPPRA
NNPC
NNPC, 2,
416,459,361
PPPRA, 2,
278,055,311
PRODUCT QUANTITIES FOR WWHICH SUBSIDIES WERE PAID:
The related volumes of petroleum products supplied by the marketers through the PPPRA
under the PSF scheme was 26.16 billion litres for premium motor spirit (PMS) and 729.38
million litres for household kerosene (HHK). NNPC imported 26.068 billion litres of PMS
and 5.080 billion of HHK during the same period for which subsidies were claimed as set
out in table 1.2 below.
Sada, Idris & Co.
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Table 1.2: Summary Of Quantities of Petroleum Products Supplied By Marketers
2009
Qty
Ltrs ' 000
PPPRA
PMS
Household
kerosene
NNPC
5,344,922
2010
Qty
Ltrs ' 000
2011
Qty
Ltrs ' 000
TOTAL
Qty
Ltrs ' 000
6,225,562
14,584,792
26,155,276
729,381
-
-
PMS
7,850,234
9,896,586
8,321,582
Household
Kerosene
1,229,053
1,809,530
2,040,981
Source:
a. PPPRA's Summary of Product Supply and Subsidy Payment
b. NNPC's Domestic Crude Mandate Profile
729,381
26,068,402
5,079,564
The quantity of premium motor spirit (PMS) products supplied by marketers through
PPPRA increased by 75 per cent from 5.34 billion litres in 2009 to 6.23 billion litres in 2010
and by 134 per cent to 14.58 billion litres in 2011. NNPC importations also increased by 29
per cent from 2009 to 2010 and declined marginally by 11 per cent in 2011.
We also observed that as activities of the marketers become unchecked, product
importation became uncontrollable such that Government spent about N3.00 trillion from
2009 to 2011 for the payment of petroleum products subsidy
Graph showing the quantity of products supplied from 2009 - 2011
NNPC, 2010,
11,706,116
NNPC, 2009,
9,079,287
PPPRA, 2009,
6,074,303
Sada, Idris & Co.
PPPRA, 2010,
6,225,562
PPPRA, 2011,
14,584,792
NNPC, 2011,
10,362,563
PPPRA
NNPC
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The audit also observed that there was unrestrained admission of new marketers as PPPRA
relaxed its guidelines such that from a mere 20 importers in 2009, the number skyrocketed
to 128 in 2011.
1.2.3
SUBSIDY PER LITRE:
The subsidy gap obtained from PPPRA between product supplies and the subsidy payment
is presented below:
Table 1.3: Subsidy gap between products supplied and subsidy payments
product price($/MT)
exchange rate(N/$)
open market price(N/ltr)
distribution margin(N/LTR)
subsidy gap(N/LTR)
Ave price
(2009)
578.56
155.40
91.31
13.20
26.39
Ave price
(2010)
741.88
149.92
111.70
13.20
46.70
Ave price
(2011)
988.30
151.80
146.63
15.49
81
Source: Data on Subsidy Gap supplied by PPPRA
The subsidy per litre as determined by the audit is derived by dividing the value of product
by the quantity imported.
The subsidy per litre is derived by dividing the value of product by the quantity imported.
The subsidy per litre as derived was compared with PPPRA computation and is as shown in
table 1.4 below:
Table 1.4 Subsidy per Litre
2009
2010
2011
Derived subsidy per litre
N29.73
N44.66
N76.49
PPPRA's subsidy per litre
N26.39.
N46.70
N81.00
N3.34
(N2.04)
(N4.51)
Difference
Source: data on subsidy Gap supplied by PPPRA
Sada, Idris & Co.
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From the table above, it can be observed that:

In 2009, the subsidy per litre was lower by N3.34, while the differences of N2.04 and
N4.51 were higher in 2010 and 2011.

The under-recovery rate per litre increased by 50.24 per cent from N29.73 in 2009
to N44.66 in 2010 and by 71.26 per cent to N76.49 in 2011
Findings:
When per litre rates are multiplied by quantity supplied for all the years, it shows a net
cash outflow of N60.626 billion. This comprise N17.852 billion under-spend for 2009,
N12.707billion in 2010 and N65.777billion for 2011 over-spend respectively.
PPPRA explained that the basis for computation of subsidy is based on particular
peculiarities. The computational comparison was made without taking into consideration
the three scenarios wherewith the Agency base subsidy computation for marketers.

Mother Vessel (MV): For vessels that discharged without trans-shipment.

Shuttle Vessel Low (SVL): For vessels that are lightered from mother vessels and
discharge in Lagos.

Shuttle Vessel High (SVH): For vessels are lightered from a mother vessel and
discharge farther into the country (Port Harcourt, Calabar, Warri and Uyo).
1.2.4 PRODUCT IMPORTERS AND VOLUME OF IMPORT
Table 1.5: Number of importers and product volumes - PMS
Year
Number of
PPPRA
Importers Quantity (BBLS)
TOTAL (BBLS)
2009
2010
2011
TOTAL
23
54
118
13,195,155,583
16,122,146,644
22,906,373,934
52,223,676,160
Sada, Idris & Co.
NNPC
Quantity
(BBLS)
5,344,921,705.91 7,850,233,877
6,225,562,138.63 9,896,584,505
14,584,791,631.79 8,321,582,302
26,155,275,476
26,068,400,684
RATIO
PPPRA:
NNPC
41:59
39:61
64:36
50:50
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Table 1.6: Number of importers and product volumes - kerosene
Year
Number of
PPPRA
Importers Quantity
(BBLS)
14
729,381
NNPC
Quantity
(BBLS)
1,229,052,794
1,809,529,776
2,040,980,554
5,079,563,124
TOTAL (BBLS)
2009
1,229,782,175
2010
1,809,529,776
2011
2,040,980,554
TOTAL
729,381
5,080,292,505
Source:
a. PPPRA's Summary of Product Supply and Subsidy Payment
b. NNPC's Domestic Crude Mandate Profile
RATIO:
PPPRA:NPC
41:59
39:61
64:36
50:50
As shown in table 1.5 above, the number of importers increased from 23 in 2009 to 118 in
2011, representing a percentage increase of about 404%.
and by 134 per cent to 14.58 billion litres in 2011.
The related quantity of premium motor spirit (PMS) products supplied by NNPC increased
by 22 per cent from 2009 to 2010 and by 42 per cent in 2011. See annexure 7 for the list of
importers and volumes.
1.2.5
FEDERATION
We reviewed the subsidy data submitted by PPPRA against that obtained from OAGF and
NNPC. We noted that there was apparent difference of N175.00billion for the three years
between the amounts paid as subsidy from the OAGF and that analyzed from PPPRA
records. While the OAGF reported N2.825billion, the PPPRA records, together with NNPC
data, showed indicated subsidy expenditure of N3.001billion to the marketers during the
period.
Sada, Idris & Co.
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Table 1.7: Comparison between PPPRA and OAGF Subsidy Payment for the Years 2009 – 2011
Comparison between PPPRA and OAGF Subsidy Payment for the Years 2009 –
2011
Years
2009
N'000
2010
N'000
2011
N'000
Total
N'000
PPPRA
405,908,897
694,514,672
1,901,490,400
3,001,913,969
OAGF
383,545,613
744,777,837
1,697,592,371
2,825,915,860
Difference
22,363,284
(50,263,202) 203,898,028
175,998,109
Source:
a. Summaries from PPPRA's Product Supply and Subsidy Payment profile
b. Summaries from OAGF's Payment Profile
This difference should not arise because OAGF manages and controls the PSF and it is the
amount processed for payment by PPPRA that would be paid by OAGF. Although Table 1.7
shows the comparison between OAGF statement of subsidy payments and PPPRA records,
PPPRA claims that this difference arose as a result of difference in processing and timing
cycle. It however appears that OAGF paid N27.8billion over the batch schedule from PPPRA
in 2010.
1.2.6
CONFIRMATION OF SUBSIDIES RECEIVED BY IMPORTERS
We circularized letters to 115 petroleum product marketers to obtain third party
confirmation on the actual amount received and the volume of product supplied for the
years under review. Out of these, only 25(20.87%) marketers responded. (See annexure 4
for details of responses).
The value of subsidy payment received by the 25 marketers that responded to
circularization letters were compared with the data from OAGF. The value of the 90
petroleum product marketers that did not respond to circularization for the respective
years are:
 2009: ₦157,646,101,790.35,
 2010 ₦261,132,489,422.46: and
 2011: ₦973,578,842,502.65
Sada, Idris & Co.
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Table 1.8 below shows summary of the difference observed between data from PPPRA and
OAGF for marketers that responded to circularization.
Table 1.8: Comparison of PPPRA Data with OAGF for Marketers Who Responded to Circularization
ENTITY
PPPRA
OAGF
DIFF. / TOTAL
2009
N'000
620,831
620,831
2010
N'000
16,077,595
13,600,500
2,477,095
2011
N'000
142,002,889
98,451,995
43,550,894
TOTAL
N'000
158,701,315
112,052,495
46,648,820
The audit could not ascertain the payments of subsidy to the marketers in view of the fact
that inadequate records were kept by OAGF on the marketers in 2009.
1.2.7
ANALYSIS OF REFINERY PRODUCTS AND VOLUMES
Crude oil allocated to the four refineries at Port Harcourt, Warri and Kaduna is 445,000.00
Bbls per day for processing to address domestic demand. This allocation corresponds with
the name-plate capacity of the plants. The audit noted that the quantities delivered to the
refineries have dropped to 98.771 million barrels per annum as recorded by COMD. This
represents 20% of the total allocation by the federal government to NNPC as indicated in
the table below:
Table 1.9:Yearly Break Down of Refinery Deliveries
Year
PHRC (bbl)
2009
2010
2011
Total
7,236,066
6,240,265
12,831,286
26,307,617
WRPC/KRPC
(bbl)
12,126,480
28,460,708
31,277,47.5
71,864,663
WPRC (bbl)
KRPC (bbl) Total (bbl)
0
0
599,530
599,530
0
0
0
0
19,362,546
34,700,973
44,708,291
98,771,810
SOURCE: PPMC populated template
The processed products, consisting of LPG, PMS, DPK and LPFO are handed over to PPMC
for marketing and distribution through the existing network of pipelines, road and rail
transportation as well as marine shipment. The quantities of refined petroleum products
obtained from the crude oil delivered to the refineries as set out in table 1.10.
Sada, Idris & Co.
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Table 1.10: Port Harcourt Refinery (PHRC) 2009 – 2011
2009
Feed (Crude)
Qty
Crude (MT)
Finished Products/Unfinished Products
Opening
Closing
Products stock
Produced Evacuation stock
Ugelli
PMS
31,526
10,421
13,503
28,444
Slop
DPK
10,918 18,527
24,664
4,781
32,162
70,329
5,828
39,053
AGO
Total
2010
Crude
Qty
(MT)
Products
6,501
48,945
31,489
60,437
Opening
stock
Closing
Ugelli
PMS
28,013
177,108
212,283
(7,162)
Slop
DPK
4,254
160,534
126,593
38,195
AGO
4,717
36,984
252,528
590,170
256,388
595,264
857
31,890
Opening
stock
Closing
Total
2011
Crude
Qty
(MT)
Products
Ugelli
220,687
PMS
37,083
185,317
180,103
42,297
Slop
218,055
DPK
9,568
124,388
130,693
3,263
AGO
Total
438,742
8,214
54,865
235,387
545,092
232,190
11,411
542,986
56,971
SOURCE: Refineries and Petrochemicals
1.2.7.1


OBSERVATIONS
The volume of petroleum products produced in Nigeria is still inadequate and can
hardly meet local demands.
The refineries are operating far below their name plate capacities due to poor state
of the refineries and ullage problems.
Sada, Idris & Co.
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
Crude supply has been hampered by poor state of pipeline network which is usually
suffering frequent outages as a result of damage, leakages, vandalization and poor
maintenance.
1.2.8
REVIEW OF PPPRA FINANCIAL STATEMENTS
PPPRA provided audited financial statement (AFS) for 2009 which was published on 27 th
February, 2012 for review but claimed that the accounts for 2010 and 2011 were not ready
as at June, 2013 when the audit exercise was being conducted.
The amount of subsidy reported by PPPRA in their schedule was compared with subsidy
payment stated in PPPRA’s audited financial statement. We noted a difference between the
amounts reported by PPPRA audited account and the schedule of subsidy payments by
N1.11billion in 2009 as shown below.
Table 1.11: Comparison of PPPRA AFS with Payment Schedule – 2009
Narration
Subsidy Paid As Reported In Audited Account
Subsidy Paid As Stated In The Schedule
Difference
Amount
N
297,109,021,365
296,001,439,016
1,107,582,349
We recommend that PPPRA should reconcile the difference with a view to amending the
payment records.
1.2.9
DETERMINATION OF NATIONAL DEMAND
NNPC with all stakeholders in the downstream industry determines the national
consumption. Relevant information is gathered from the refineries to determine their
production level for the next quarter at least two months ahead of the arrival of the first
cargoes. Land-based stocks and marine stocks are also established.
On these bases, the likely shortfall of petroleum products is determined. Twenty days of
products sufficiency as a buffer is also put into consideration and provided. At the end of
this exercise, the shortfall between demand for products and local production by refineries
are established and is covered by imports.
Currently, there is no standard model for determining national consumption for petroleum
products.
Sada, Idris & Co.
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1.2.10
OVER-RECOVERY OF ₦4.423 BILLION YET TO BE PAID TO FEDERATION
ACCOUNT
Petroleum Support Fund (PSF) Account is principally funded by the Federation and overrecovery from marketers. Over-recovery occurs when product landing cost is lower than
the ex-depot price which is always the pre-determined price for petroleum products. In
such circumstance, the Federal Government is gaining, because the marketers would
refund money by issuing cheques to the PSF account or the over-recovery is netted off from
any subsidy amount due to them.
Table 1.12 shows the list of marketers and the amount of N14.074 billion of over-recovery
to be refunded in 2009. While the Fed Ministry of Finance deducted N3.127 billion at
source, PPPRA netted off over-recovery due from the subsidy of marketers and remitted
the amount of N2.809 billion to the Federation account. The amount of N4.423 billion being
over-recovery collected from some marketers are yet to be remitted to the Federation
account.
Table 1.12: Summary of Over-Recovery
Over Recovery Advised
S/No
1
Marketer
2009 Over
Recovery
N'000
N'000
Payment to
PPPRA
N'000
N'000
8,372,283.00
189,070
189,070
31,946
31,946
292,477
292,477
1,273,510
1,273,510
1,552,528
1,552,528
7
1,623,630
1,623,630
8
502,034
502,034
3
4
5
6
Oando Plc
Rahamaniyya
Oil & Gas Ltd
Tonique Oil
9
Services Ltd
10
Total Nig. Ltd
Sub Total:
Other
Marketers
Ground Total: NNPC &
Other Marketers
1,328,748
Total Over
Recovery
7,043,535
2
NNPC
AMG Petro
Energy Ltd
Majope
Investment
Ltd
Mobil Oil &
Gas Co. Ltd
MRS Oil &
Gas Co. Ltd
NIPCO Plc
2008 Over
Recovery
1,328,748
4,391,272
Over Recovery Paid
Amount net off by
Amount Net Off by
PPPRA and paid
Federal Ministry
to the Federatio
of Finance
Account
N'000
N'000
1,328,748
Outstanding
N'000
2,652,263
92,631
31,946
96,440
-
292,477
641,959
-
631,551
-
585,788
966,740
429,768
1,193,862
-
408,060
93,974
-
59,660
59,660
59,660
-
176,645
176,645
176,645
-
5,701,500
5,701,500
31,946
1,479,787
3,126,588
1,063,180
12,745,035
14,073,783
4,423,218
2,808,535
3,126,588
3,715,443
Source: PPPRA
Additionally, table 1.13 showed over-recovery of N3.715billion which is yet to be refunded
by some marketers as set out in the table below:
Sada, Idris & Co.
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Table 1.13: Analysis of Over-Recovery
Analysis of Over-Recovery
NNPC-2008 Unpaid Bfwd
Over-Recovery-2009
N'000
1,328,748
12,745,036
Total Over-Recovery
14,073,784
Payments to PSF Acct with CBN
** Amount set off by FMF & PPPRA
4,423,218
5,935,122
(10,358,340)
Outstanding
3,715,444
Analysis of Debtors:
NNPC
NIPCO Plc
AMG Petro Energy Limited
2,652,263
966,741
96,440
3,715,444
** Set off relates to arrears of subsidy claims
We recommend that PPPRA should remit the over-recovery collected to the Federation
account. The Agency should also recover the outstanding over-recoveries with interest at
the current market rate from the marketers.
1.2.11
RECOMMENDATIONS
1.2.11.1


MITIGATING MEASURES AGAINST UNQUALIFIED NEW ENTRANTS
PPPRA should adhere strictly to policy guidelines put in place by the government
especially for the eligibility of new applicants.
We suggest that potential applicants should be experienced players in the industry
and should provide verifiable financial and logistics capability alongside other
required documentations.
PPPRA explained that the reorganization carried out in November, 2011 brought about
transparency, accountability, effectiveness, efficiency as well as good governance,
consistent with public expectations. Numerous innovations were introduced to install
sanity in the sector.
Sada, Idris & Co.
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These included the following:
 Restriction of participation in the PSF Scheme to only owners of coastal discharge/
depot facilities. This brought about the reduction of participants from 128 to 42
initially and further down to 39 subsequently.
 Introduction of Independent Cargo Inspectors appointed by the Agency to
undertake the supervision of Arrival, Discharge and Truck out of petroleum
products from the Vessel into the Depot.
1.2.11.2


GOVERNMENT SHOULD STRENGTHEN THE PRODUCT ALLOCATION
PROCESS
The agency should put in place a robust policy and procedure manual for subsidy
payment and product import allocation.
The agency should improve on her corporate governance level. At present, the
internal audit reports only to the Executive Secretary as against both the Board and
the Executive Secretary.
1.2.11.3
IMPROVED COORDINATION BETWEEN OAGF, CBN, DMO, BOF AND PPPRA
There is need for government agencies to keep adequate records and meet regularly to
review and reconcile subsidy payments made by them.
1.2.11.3
APPOINTMENT OF INDEPENDENT INSPECTORS
In order to curb the malpractices of the marketers under the PSF scheme, the Federal
Government is advised to appoint independent inspectors to undertake the inspection and
ullaging in order to administer a fraud free discharge process of petroleum products.
Standard calibration system should be put in place and periodically certified by the
relevant Government Agencies.
Sada, Idris & Co.
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2.0 INTRODUCTION:
2.1
PROJECT BACKGROUND:
Subsidy is defined as assistance directly granted by government to an individual or private
commercial enterprise deemed beneficial to the public. In relation to fuel subsidy, it could
be defined as financial assistance granted to independent petroleum products importers
and local refineries by the government to enable them supply their products at a cheaper
rate for the good of the public.
PPPRA defines Subsidy as reimbursement to the Marketers based on the cost of landing the
product, less its approved ex- depot price. It is a mechanism that is designed to restitute
real costs incurred by marketers in the process of products procurement while ensuring
that end users pay a limited amount for the product.
The issue of subsidy is not alien to the country because it has been in existence since the
military regime when the nation’s refineries as it is presently, could only refine below their
installed capacity to satisfy domestic demand.
PPPRA processes transactions of Marketers and issues them Sovereign Debt Statement
(SDS), while Debt Management Office (DMO) issues Sovereign Debt Note (SDN) to back the
Sovereign Debt Statement. The Office of the Accountant General of the Federation through
the CBN, makes payments to Oil Marketers for subsidy claims based on the SDN issued by
DMO.
Prior to this process, the OAGF disburses funds to PSF account domiciled with the CBN. The
PSF account was being managed and controlled by PPPRA who processes oil marketers’
subsidy payment applications and issued cheques to them after such applications have
been audited by the appointed Auditor.
NNPC draws subsidy from the proceeds of domestic crude oil sales before sweeping the
balance into the Federation account while independent petroleum products importers are
paid subsidies through Petroleum Products Pricing Regulatory Agency (PPPRA) from the
Petroleum Support Fund (PSF).
2.2
TERMS OF REFERENCE AND SCOPE OF WORK:
In reconciling the financial flows and physical volumes of oil and gas sector, the TOR also
required us to obtain and validate from the relevant covered entities subsidy payments
Sada, Idris & Co.
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made to oil marketing companies, including the NNPC, from the PSF administered by the
PPPRA. The work scope required us to:












Validate subsidies paid on each product by the Federation
Validate the subsidy per litre
Confirm the list of importers, volume of products imported and amount received by
each importer
Reconcile disaggregated receipts by importers to payments by the Federation
Reconcile bank details of payments with corresponding mandates from the relevant
government agencies
Obtain third party confirmation of receipts by importers
Validate control process In the payment
Determine outstanding liability of subsidy payable by the Federation
Obtain analysis of the nation’s demand of petroleum products
Obtain analysis of refinery products volumes
To validate the amount of subsidy paid to importers and NNPC
Determine the actual quantity and value of petroleum products imported into the country.
2.3
DETAILS OF WORK DONE:







We designed and issued templates to PPPRA in the first instance to obtain
information on subsidy paid to oil marketers in order to know the aggregate
expenditure on subsidy.
We obtained and reviewed PPPRA’s audited financial statement to ensure that all
subsidy payments reported corresponds to information presented in the PPPRA’s
template.
Corroborative data, in order to verify subsidy expenditure, were also received from
CBN and AOGF. The DMO did not provide any information on subsidy expenditure
when the request was put to them.
Received templates are reviewed and analyzed to determine the value and volume
of imported products used during the period.
We reconciled the PPPRA subsidy payment aggregate with subsidy data obtained
from the CBN and OAGF.
We validated the subsidy amount presented on the PPPRA template to their import
documents and other subsidiary records.
We circularized sample of the oil marketers to confirm that the amount reported by
PPRA were actually received by them.
Sada, Idris & Co.
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Sada, Idris & Co.
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3.0 OVERVIEW OF PPPRA
3.1
INTRODUCTION:
The Petroleum Products Pricing Regulatory Agency (PPPRA) evolved from a 34-member
Special Committee on the Review of Petroleum Products Supply and Distribution
(SCRPPSD) drawn from various stakeholders and other interest groups set up by the
Government to look into the problems of the downstream petroleum sub-sector.
The acceptance, by the Federal Government, of the recommendations of the report of
SCRPPSD as contained in the Government white paper necessitated the creation of the
Petroleum Products Pricing Regulatory Committee (PPPRC) as an interim measure to carry
out the functions of the PPPRA as recommended by the SCRPPSD while waiting for the
enactment of the Act of the National Assembly for the setting up of the Petroleum Products
Pricing Regulatory Agency (PPPRA) as required in a democratic set up.
The Act establishing the PPPRA was enacted in May 2003.The PPPRA Act. No. 8 of 2003,
under section 7, empowers the Agency to carry out its functions as follows:











Determine the pricing policy of petroleum products;
Regulate the supply and distribution of petroleum products;
Establish an information and data bank through liaison with all relevant agencies to
facilitate then making of informed and realistic decisions on pricing policies;
Moderate volatility in petroleum products prices, while ensuring reasonable returns
to operators:
Oversee the implementation of the relevant recommendation and programmes of
the federal Government as contained in the white paper on the Report of the Special
Committee on the Review of Petroleum Products Supply and Distribution specified
in the second schedule to this Act as they relate to its functions, taking cognizance of
the phasing of special proposals;
Establish parameters and codes of conduct for all operators in the downstream
petroleum sector;
Maintain constant surveillance over all key indices relevant to pricing policy and
periodically approve benchmark prices for all petroleum products;
Identify macro-economic factors with relationship to prices of petroleum products
and advice the federal Government on appropriate strategies for dealing with them;
Establish firm linkage with key segments of the Nigerian society, and ensure that its
decisions enjoy the widest possible understanding and support;
Prevention of collusion and restrictive trade practices harmful in the sector;
Exercise mediatory role as necessary for all the stakeholders in the sector;
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In executing its mandate, PPPRA administers the Petroleum Subsidy Fund (PSF)
established by the FGN to stabilize the domestic prices of petroleum product against
volatility in the prices of international crude and petroleum products.
3.2
COMPUTATION OF SUBSIDY
Generally, subsidy per litre or the under-recovery rate is the difference between landing
Cost and the Ex Depot Price of the petroleum product.
Landing Cost is calculated thus:
(i)
For Imported products:
Landing Cost = Product Price per Litre X Exchange Rate +Freight+ lithering +Jetty Cost +
Financing +Trader’s margin
Litres per metric ton (1,341 litres)
(ii)
For Locally Refined Products:
Freight, Finance Charges, Trader’s Margin and Lithering Charges are excluded from Landing
Cost. (Note, lithering charge is part of Product cost on PPPRA Price Template)
(iii)


The current Ex-Depot price (July, 2009 – 2011) is N51.80:
For 2008:
June ‘07 – June ’08 - N55.55
For 2009:
June ’08 – Jul ’09 - N56.80
The PPPRA pricing template which is the basis of its price determination mechanism is set
out in annexure 1
3.3
SUBSIDY REGIME
PPPRA uses a standard template to determine the applicable subsidy per litre for the
product on daily basis. The subsidy for any petroleum product is obtained by multiplying
the quantity of product by the under-recovery rate.
In any year, if the ex-depot price is higher than the landing cost, then there is over-recovery
and the oil marketing companies would be required to pay back the worked overrecovered amounts to the Federal Government.
Petroleum subsidy is actually paid from the Petroleum Support Fund (PSF). It is
administered by the PPPRA under published guidelines which came into effect from
January, 2006.
According to PPPRA, Subsidy gap = open market price - pump price.
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3.4
THE PETROLEUM SUPPORT FUND (PSF)
The Petroleum Support Fund (PSF) is a pool of funds provided for by the three tiers of
Government to stabilize the domestic prices of petroleum products against volatility in
international crude and product prices. This Fund is also augmented with accruals during
the period of over-recovery.
Marketers receive the payment of the value of the SDN from the CBN as issued by DMO.
3.5
SOVEREIGN DEBT NOTE (SDN):
Prior to April 2010 all marketers were paid from the PSF. However, with the introduction
of Sovereign Debt Note (SDN), marketers are issued SDN by the Debt Management Office
(DMO) based on the recommendation and notification from PPPRA.
The SDN is a promissory note introduced to ensure timely settlement of subsidy liabilities
to marketers, DMO guarantee importers’ payment within 45 days after issuance.
3.6
PPPRA METHODOLOGY FOR APPROVAL OF PRODUCT
IMPORTATION
3.6.1
ELIGIBILITY TO DRAW FROM PSF FUND:
To be eligible to participate in product importation, a prospective marketer, dealer or
retailer must satisfy the conditions spelt out by the PPPRA as follows:
a) The applicant must submit a formal written application to the Executive Secretary of
PPPRA together with relevant documents set out below:
•
•
•

•



Evidence of registration with the Corporate Affairs Commission (CAC);
Possession of Department of Petroleum Resources (DPR) storage or import permits;
Proof of Ownership of storage facilities with a minimum storage capacity
of 5000 MT for the particular product as well as dispensing facilities (retail outlet
network) or through put agreement;
Ability to finance a minimum cargo size of 5000 MT of referenced product;
Details of company profile;
Local and international experience in the industry (if any);
Tax Clearance Certificate of the company for the last three years.
b) The application is received and entered in the application register. Due diligence is
conducted on the application together with the documents to ensure that they are
valid records. As a matter of policy, the PPPRA officers also visit the depot of
Sada, Idris & Co.
Page | 25
prospective applicants to confirm that the depot facility meet the minimum
standard required for product importation.
c) The verified documents are passed to the Internal Audit Unit for further checking
and confirmation that the applicant complied with the screening and verification
procedures. The checked document is passed to Legal Unit.
d) The Legal Unit reviews the documents to ensure that the applicant has met all legal
requirements and that the applicant has the legal capacity to conduct the business of
product importation. The screened application and documents are passed to the
Executive Secretary (ES), who approves and directs the issuance of a letter to that
effect.
e) A formal letter of approval signed by the ES is issued to the applicant who becomes
a participant for petroleum product importation.
f) The process is completed with the signing of written agreement between the
participant and the PPPRA.
It is only when the individual marketer, dealer, or retailer has met the above stated
conditions that he can be considered a participant for product importation and qualifies for
reimbursement under the Product Support Fund (PSF).
3.6.2
SUBSIDY CLAIM PROCESS:
a) The Federal Government approved checkers comprising representatives of DPR,
PPPRA, external auditors witness the discharge of petroleum products brought in by
the various marketers at the point of discharge of petroleum products. Quantity and
quality of the imported products are confirmed by all parties, with copies of the
import documents such as bill of lading, quality certificate, and shore tank
certificate, amongst others are signed off by them.
b) Claims documents as represented in the signed off import documents are submitted
by marketers to the PPPRA Operations department. PSF unit representatives
present at the discharge of the same marketer’s imports also send in their own
documents independent of the marketer’s submission.
c) The contents of the import document to be submitted by the marketer is set out in
annexure 3
d) The PPPRA Ops. Department reviews the submissions from the marketers for
completeness and forwards to the ES.
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e) PSF unit of PPPRA calculates the subsidy amounts earned by the marketer on their
cargo which is reviewed by a committee of managers – GM Finance, Auditors,
Operations GM, amongst others.
f) The reviewed calculations are then submitted to the ES who approves the subsidy
claim amounts.
g) The unit prepares a sovereign debt statement (SDS) for each marketer showing the
amounts owed for PEF, administration charges indicating whether it is under/over
recovery. This is done in batches and on a monthly basis with two batches being
prepared every month.
h) Copies of the SDS are sent by the unit to the Ministry of Finance, the DMO and the
Budget office.
i) Marketers pick up their advice and make their required payments for PEF and
admin charges.
j) Marketers submit an undertaking (an indemnity letter ) to the Operations units to
refund to PPPRA if they are overpaid and where they are underpaid, the PPPRA
would pay them (the marketer) the outstanding amount.
k) Marketers take their SDS to the DMO’s office where the DMO checks it against the
submission made by the PSF unit and issues the qualifying marketer with an SDN.
l) The marketer takes the SDN to CBN for payment.
The process takes about 45 days from submission of claims documents to PPPRA and
payment of claims by CBN.
The PSF process is shown in a PPPRA flow chart below:
Sada, Idris & Co.
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PSF PROCESS FLOW
3.7
OVERVIEW OF NNPC
In October 2003, NNPC was directed by FG to commence the purchase of domestic crude oil
at international market price, without a corresponding liberalization of prices of petroleum
product. Therefore, NNPC was unable to generate enough revenue from regulated ex-depot
price that would enable it to settle the cost of crude oil it purchases at international market
prices. This action of the government created a huge subsidy challenge to NNPC which was
not reimbursed promptly as the PSF was under funded.
It was recognized that NNPC could deduct its subsidy from domestic crude sales before the
proceeds are paid into the Federation account.
3.8
NNPC SUBSIDY CLAIMS PROCESS
LOCALLY REFINED PRODUCT
Sada, Idris & Co.
IMPORTED PRODUCT
Page | 28
NNPC processes crude oil into refined NNPC imports refined petroleum products
product
Products discharged at the jetties, SPM and Products discharged at the jetties, SPM,
Depots are witnessed by PPPRA staff.
NACJ and Depots are witnessed by PPPRA
staff after obtaining Naval clearance and
Nigerian Custom vessel arrival inward
manifest.
Volumes produced and evacuated are Imported volumes are authenticated and
verified and cleared in the presence of NNPC verified in the presence of NNPC by the
by the following agencies:
following agencies:
PPPRA
PPPRA
DPRA
DPRA
NPA, NAVY & Inspection agents.
NPA, NAVY & Inspection agents.
Verified documents are forwarded to PPPRA Authenticated documents are forwarded to
for the computation of applicable subsidy
PPPRA for the computation of applicable
subsidy
PPPRA advices (through the issuance of PPPRA advices (through the issuance of
certificates) of subsidy amount due for each certificates) of subsidy amount due for each
period reviewed.
period reviewed.
3.9
STAKEHOLDERS IN SUBSIDY PAYMENT
The parties that are involve in subsidy payments are:
3.9.1
DEPARTMENT OF PETROLEUM RESOURCES (DPR):







Issue import permits OMC/TC which is valid for one year from the date of issue.
Verification and certification of the quality of petroleum products
imported/supplied by the marketers
Analysis of the quality specification of the products
Monitoring of the reports supply and distribution chain from the jetties to depots
and to the retail outlets.
Enforcement of the prices set by the Government
Provide the PPPRA with necessary information and data relating to products
procurement, supply and distribution (both import and local productions).
Collaborate with the PPPRA and PEF(M)B on intelligence monitoring to check
malpractices
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3.9.2
INDEPENDENT INSPECTORS:
These are maritime professional who checks imports and exports that products meets
specification.



Measurement and certification of the quality imported (both on the vessel and in the
shore tank at the jetty) – Products ullaging
Certification of the quality specification of the products
Ascertain the quantity of bunker fuel in the vessel to avoid adulteration and volume
distortions.
3.9.3



FEDERAL MINISTRY OF FINANCE/OFFICE OF ACCOUNTANT-GENERAL OF THE
FEDERATION
Confirmation of the quantity of petroleum products imported by a marketer and
delivered at the jetty and into the shore tank. (FMF appointed Audit Consultants
Akintola Williams Deloitte and Olusola Adekanola and Co. to assist in this respect).
Processing and approval of payment due to the marketers
Issuing of payment mandate through the Office of the Accountant-General of the
Federation to the Central Bank of Nigeria.
3.9.4
3.9.5

3.9.6

FEDERAL MINISTRY OF FINANCE AUDIT CONSULTANTS

Witness and confirm the quantity imported by the Marketer at the jetties and
shore tanks

Participate in products ullaging

Provide products statistics (supply & distribution) from jetties to depots and to
the retail outlets
NIGERIAN NAVY
Issuance of clearance for vessels carrying imported products to enter the Nigerian
waters
NIGERIAN CUSTOM SERVICE
Issuance of clearance to discharge or Authority to unload petroleum products with
the quantities stated
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3.9.7
NIGERIAN PORT AUTHORITY (NPA)

Issuance of clearance to allow the vessel to berth at the Jetty after necessary
payment (Port dues are based on the size of ships and volume of products as stated
in the Bill of Lading).

Vessel’s berth scheduling
3.9.8
CENTRAL BANK OF NIGERIA (CBN)

Be the custodian of the PSF Fund

Issue Statement of Account to the Fund to the PPPRA on monthly basis

Issue FOREX to importers subject to the prevailing import procedures/guidelines of
CBN

Manage the idle funds for security and maximum returns

Render to the PPPRA monthly disbursement of FOREX to petroleum products
importers

Render to the PPPRA on monthly basis, the actual FOREX rates debited the
Marketer’s account by the commercial banks

Confirmation of the payment to the importers from PSF
3.9.9
DEBT MANAGEMENT OFFICE

Ensure the issuance of the Sovereign Debt Note (SDN) to importers for the value of
under-recovery approved by the PPPRA

Guarantee importers’ payment within 45 days of the issuance of the SDN
3.9.10

3.9.11

INDEPENDENT CARGO INSPECTORS
Ascertain arrival volumes, discharges and truck-outs from jetties and depots (the
names of the independent cargo inspectors include Saybolt, GMO, Inspectorate, SGS,
Vibrant and Intertek)
FACILITIES/DEPOT OWNERS
Ascertain the volume discharged into the tanks and monitor their distribution
through the closing and opening inventory stocks as well as appropriate means of
ullaging.
Sada, Idris & Co.
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4.0 KEY FINDINGS
4.1
SUBSIDIES PAID ON EACH PRODUCT
Petroleum products are imported based on quarterly allocation granted to marketers by
PPPRA. We issued templates to PPPRA to obtain information on subsidy paid to oil
marketers in order to ascertain the aggregate expenditure on subsidy.
The Federal Government paid the total sum of N3.00 trillion as subsidy for petroleum
product consumption for the three years under review. The amount of N1.60 trillion was
paid to marketers through the PPPRA under the PSF scheme representing 53% while NNPC
received N1.40 trillion (47%) which it deducted from domestic crude oil sales before
remitting the net balance to the Federation account. The summary of subsidy paid for
petroleum products is shown below:
Table 4.1:Summary of Subsidy paid by the Federal Government for three years
Product/Entity
PPPRA
Premium Motor Spirit
Dual Purpose Kerosene
Sub-Total
NNPC
Sub-Total
Grand Total
2009
N'000
Years
2010
N'000
2011
N'000
Total
Audited
Audited
Pre-Audit
N'000
158,898,484
278,055,311
1,115,581,732
1,552,535,527
48,900,201
-
-
48,900,201
207,798,685
278,055,311
1,115,581,732
1,601,435,728
198,110,212
416,459,361
785,908,668
1,400,478,241
198,110,212
416,459,361
785,908,668
1,400,478,241
405,908,897
694,514,672
1,901,490,400
3,001,913,969
Source:
a. PPPRA's Summary of PMS Supply and Subsidy Payment
b. NNPC's Domestic Crude Mandate Profile to CBN
There were no subsidy payments for Dual Purpose Kerosene in 2010 and 2011.
Sada, Idris & Co.
Page | 32
The overall subsidy payments increased by 71 per cent from N406 billion in 2009 to N695
billion in 2010 and jumped by 174 per cent from N695 billion in 2010 to N1.90 trillion
2011.
The subsidy payments made through NNPC increased by 110 per cent from N198 billion in
2009 to N416 billion in 2010 and 89 per cent from N416 billion in 2010 to N786 billion in
2011 while the PPPRA claims increased by 75 per cent from N208 billion in 2009 to N278
billion in 2010 and also increased astronomically by 301 per cent from N278 billion in
2010 to N1.12 trillion in 2011.
The OAGF reported N2.825 trillion as subsidy paid, while total subsidy paid by PPPRA to
marketers and claimed by NNPC was N3.001 trillion during the period. Disparity between
subsidy paid from Federation and PPPRA is N175.9 billion for the period under review.
Graph showing the total payment on subsidy from 2009 - 2011
PPPRA
NNPC
FIGURE 1 TOTAL PAYMENT ON SUBSIDY FROM 2009 – 2011
The updated figure for PMS for 2011 provided by PPPRA relating to subsidy payment
received by other Marketers during the audit period increased from ₦1.116 trillion to
₦1.130 trillion.
Sada, Idris & Co.
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4.2
PRODUCT QUANTITIES FOR WHICH SUBSIDIES WERE PAID:
The related volumes of petroleum products supplied by the marketers through the PPPRA
under the PSF scheme was 26.16 billion litres for premium motor spirit (PMS) and 729.38
million litres for Dual Purpose Kerosene (DPK). NNPC imported 26.068 billion litres of PMS
and 5.080 billion of HHK during the same period for which subsidies were claimed as set
out in table below.
Table 4.2: Summary of Quantities of Petroleum products supplied by Marketers
2009
Qty
Other Marketers
through PPPRA
PMS
DPK
2010
Qty
2011
Qty
Total
Qty
Ltrs ' 000
5,344,922
729,381
Ltrs ' 000
6,225,562
-
Ltrs ' 000
14,584,792
-
Ltrs ' 000
26,155,276
729,381
SUB-TOTAL
NNPC
6,074,303
6,225,562
14,584,792
26,884,657
PMS
7,850,234
9,896,586
8,321,582
26,068,402
DPK
1,229,053
1,809,530
2,040,981
5,079,564
Sub-Total
9,079,287
11,706,116
10,362,563
31,147,966
15,153,590
17,931,678
24,947,355
58,032,623
Grand Total
The related quantity of premium motor spirit (PMS) products supplied by marketers
through PPPRA increased by 75 per cent from 5.34 billion litres in 2009 to 6.23 billion
litres in 2010 and by 134 per cent from 5.34 billion litres in 2010 to 14.58 billion litres in
2011. NNPC importations also increased by 29 per cent from 2009 to 2010 and declined
marginally by 11 per cent in 2011. We also observed that as activities of the marketers
become unchecked, product importation became uncontrollable such that Government
spent about N3.00 trillion from 2009 to 2011 for the payment of petroleum products
subsidy.
Sada, Idris & Co.
Page | 34
PPPRA
NNPC
Figure 2 payment of petroleum products subsidy
We observed that there was unrestrained admission of new marketers as PPPRA relaxed
its guidelines such that from a mere 20 importers in 2009, the number increased to 118 in
2011 although the number of marketers on the Agency’s directory was 128.
The updated quantity for PMS in 2011 provided by PPPRA relating to subsidy payment
received by other marketers during the audit period increased from 14,584,792,000 to
15,006,912,442.52.
4.3
SUBSIDY PER LITRE:
The subsidy gap obtained from PPPRA between product supplies and the subsidy payment
is presented below:
Table 4.3: Subsidy Gap between Products Supplied and Subsidy Payments
Ave price
(2009)
product price($/MT)
578.56
exchange rate(N/$)
155.40
open market price(N/ltr)
91.31
distribution margin(N/LTR)
13.20
subsidy gap(N/LTR)
26.39
Source:Data on Subsidy gap supplied by PPPRA
Ave price
(2010)
741.88
149.92
111.70
13.20
46.70
Ave price
(2011)
988.30
151.80
146.63
15.49
81
The subsidy per litre as determined by the audit is derived by dividing the value of product
by the quantity imported.
Sada, Idris & Co.
Page | 35
The subsidy per litre is derived by dividing the value of product by the quantity imported.
The subsidy per litre as derived was compared with PPPRA computation and is as shown in
table 6.4 below:
Table 4.4: Subsidy per Litre
2009
2010
2011
Derived subsidy per litre
N29.73
N44.66
N76.49
PPPRA's subsidy per litre
N26.39.
N46.70
N81.00
N3.34
(N2.04)
(N4.51)
Difference
From the table above, it can be observed that:

In 2009, the subsidy per litre was lower by N3.34, while the differences of N2.04 and
N4.51 were higher in 2010 and 2011.

The under-recovery rate per litre increased by 50.24 per cent from N29.73 in 2009
to N44.66 in 2010 and by 71.26 per cent to N76.49 in 2011.
When per litre rates are multiplied by quantity supplied for all the years, it shows a net
cash outflow of N60.626 billion. This comprise N17.852 billion under-spend for 2009,
N12.707billion in 2010 and N65.777.3billion for 2011 over-spend respectively.
PPPRA explained that the basis for computation of subsidy is based on particular
peculiarities. The computational comparison was made without taking into consideration
the three scenarios wherewith the Agency base subsidy computation for marketers.

Mother Vessel (MV): For vessels that discharged without trans-shipment.

Shuttle Vessel Low (SVL): For vessels that are lightered from mother vessels and
discharge in Lagos.

Shuttle Vessel High (SVH): For vessels are lightered from a mother vessel and
discharge farther into the country (Port Harcourt, Calabar, Warri and Uyo).
Sada, Idris & Co.
Page | 36
4.4
PRODUCT IMPORTERS AND VOLUME OF IMPORT
Table 4.5: Number of importers and product volumes - PMS
Year
Number of
PPPRA
Importers Quantity (BBLS)
NNPC
Quantity
(BBLS)
5,344,921,705.91 7,850,233,877
6,225,562,138.63 9,896,584,505
14,584,791,631.79 8,321,582,302
26,155,275,476
26,068,400,684
TOTAL (BBLS)
2009
2010
2011
TOTAL
23
54
118
13,195,155,583
16,122,146,644
22,906,373,934
52,223,676,160
RATIO
PPPRA:
NNPC
41:59
39:61
64:36
50:50
Table 4.6: Number of importers and product volumes - kerosene
Year
2009
2010
2011
TOTAL
Number of
PPPRA
Importers
Quantity
(BBLS)
14
729,381
729,381
NNPC
Quantity
(BBLS)
1,229,052,794
1,809,529,776
2,040,980,554
5,079,563,124
TOTAL (BBLS)
1,229,782,175
1,809,529,776
2,040,980,554
5,080,292,505
As shown in table 4.5 above, the number of importers increased from 23 in 2009 to 118 in
2011, representing a percentage increase of about 404%.
and by 134 per cent to 14.58 billion litres in 2011.The related quantity of premium motor
spirit (PMS) products supplied by NNPC increased by 22 per cent from 2009 to 2010 and
by 42 per cent in 2011. See annexure 7 for the list of importers and volumes.
4.5
RECONCILIATION OF SUBSIDY RECEIVED BY IMPORTERS WITH PAYMENTS BY
THE FEDERATION
The audit reviewed the subsidy data submitted by PPPRA against that obtained from OAGF
and NNPC. We noted that there was apparent difference of N175.00billion for the three
years between the amounts paid as subsidy from the OAGF and that analyzed from PPPRA
records. While the OAGF reported N2.825billion, the PPPRA records, together with NNPC
data, showed indicated subsidy expenditure of N3.001billion to the marketers during the
period.
Sada, Idris & Co.
Page | 37
Table 4.7: Comparison between PPPRA and OAGF Subsidy Payment for the Years 2009 – 2011
Comparison between PPPRA and OAGF Subsidy Payment for the Years 2009 –
2011
Years
2009
N'000
2010
N'000
2011
N'000
Total
N'000
PPPRA
405,908,897
694,514,672
1,901,490,400
3,001,913,969
OAGF
383,545,613
744,777,837
1,697,592,371
2,825,915,860
Difference
22,363,284
(50,263,202)
203,898,028
175,998,109
This difference should not arise because OAGF manages and controls the PSF and it is the
amount processed for payment by PPPRA that would be paid by OAGF. Table 10.6 shows
the comparison between OAGF statement of subsidy payments and PPPRA records.
PPPRA explained that the PPPRA processing cycle is different from payment cycle. FMF
pays the processed transactions as advised by the PPPRA, so the OAGF figure should be
valid. This is so because prior to batch C 2010, the FMF through the OAGF approves the
release of funds to the CBN to credit the PSF accounts for the release of subsidy due as
batched by the Agency.
From batch C 2010, PPPRA issues SDS to marketers, who in turn present them to DMO. The
Debt Management Office (DMO) issues SDN and such is presented to the CBN who pays at
the point of maturity on the advice of the FMF.
4.6
CONFIRMATION OF SUBSIDIES RECEIVED BY IMPORTERS
We circularized letters to 115 petroleum product marketers to obtain third party
confirmation on the actual amount received and the volume of product supplied for the
years under review. Out of these, only 25(20.87%) marketers responded. (See annexures 4
for details of responses).
The value of subsidy payment received by the 25 marketers that responded to
circularization letters were compared with the data from OAGF. The value of the 90
petroleum product marketers that did not respond to circularization for the respective
years are:
Sada, Idris & Co.
Page | 38



2009: ₦157,646,101,790.35,
2010 ₦261,132,489,422.46: and
2011: ₦973,578,842,502.65
Table 4.8 below shows summary of the difference observed between data from PPPRA and
OAGF for marketers that responded to circularization.
Table 4.8: Comparison of PPPRA Data with OAGF for Marketers Who Responded to Circularization
ENTITY
2009
2010
N'000
PPPRA
OAGF
DIFF. / TOTAL
620,831
620,831
2011
N'000
TOTAL
N'000
N'000
16,077,595
142,002,889
158,701,315
13,600,500
98,451,995
112,052,495
2,477,095
43,550,894
46,648,820
We could not ascertain the payments of subsidy to the marketers in view of the fact that
inadequate records were kept by OAGF on the marketers in 2009.
We also reconciled PPPRA’s data to the Marketers’ who responded to the circularization.
Most of the marketers circularized agreed with the amount claimed and quantity supplied
as reported by PPPRA in their records. However, the subsidy amounts and volumes
reported by PPPRA for some marketers did not agree when compared to the amounts
stated by them in their responses.
Two of the respondents claimed that they received N2, 559,878,712.25 while PPPRA
records indicated payment of only N1, 516,137,479.80 with a difference of N1,
043,741,232.45.
PPPRA claimed that the variance is as a result of timing difference in capturing the
payments, the Marketer included a payment made in 2011(batch A/11(1,043,741,214.45)
in its submission for 2010 and included payments made in 2012 in its submission for
2011(batch H/12B (110,271,727.44) & C/12 (489,681,886.38) and removed the former
figure (1,043,741,214.45 which the Marketer previously captured in 2010
submission) from 2011.
Details of the marketers that responded to circularization as compared to PPPRA’s record
are shown in table 4.9 below:
Sada, Idris & Co.
Page | 39
Table 4.9: Marketers that Responded to Circularization
2009
S/N
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
MARKETER
A. A RANO NIG. LTD
ANOSKYKE GROUP OF COMPANIES LTD
ANOSYKE GROUP OF COMPANIES
BRILA ENERGY LTD
ECO-REGEN LTD
FRESH SYNERGY LTD
IBAFON OIL LTD
KNIGHTSBRIDGE
LINETRALE OIL SUPPLY &TRADING COY
LLOYDS ENERGY LTD
MATRIX ENERGY LTD
NASAMAN OIL SERVICES LTD
NATICEL PETROLEUM LTD
NIPCO PLC
PETRO TRADE ENERGY LTD
PHOENIX OIL COMPANY LIMITED
PINNACLE OIL AND GAS LTD
PRUDENT ENERGY & SERVICES LTD
RAINOIL LTD
ROCKY ENERGY LTD
SIRIUS ENERGY RESOURCES LTD
SULPHUR STREAMS LTD
TONIQUE OIL SERVICES LTD
TOP OIL & GAS DEV COMPANY LTD
VIVENDI ENERGY NIGERIA LTD
Sada, Idris & Co.
PPPRA
616,952,632.99
MARKETER
616,952,632.99
3,878,520.00
3,878,520.00
620,831,152.99
620,831,152.99
2010
Difference
PPPRA
-
MARKETER
1,685,869,439.29
1,685,869,439.29
2,444,050,168.51
1,516,137,479.80
793,945,759.59
2,444,050,168.51
2,559,878,712.25
793,945,759.59
2,832,834,382.19
2,832,834,382.19
6,050,881,310.32
6,050,881,310.32
753,876,044.46
753,876,044.46
16,077,594,584.16
17,121,335,816.61
2011
Difference
(1,043,741,232.45)
(1,043,741,232.45)
PPPRA
1,140,119,664.40
2,165,800,163.85
964,928,174.32
963,796,199.85
3,348,101,218.60
1,417,029,059.70
4,687,730,540.46
4,227,472,522.74
1,213,903,930.20
6,342,880,065.28
23,074,416,154.95
5,320,342,111.28
5,962,979,555.10
29,723,158,144.05
1,471,027,874.73
2,454,021,481.29
8,697,762,027.67
1,360,898,638.10
3,270,222,523.38
1,620,110,167.58
9,329,245,610.75
4,758,693,052.00
8,060,363,281.34
8,784,159,205.96
1,643,727,955.33
142,002,889,322.91
MARKETER
1,140,119,664.40
2,165,800,163.85
964,928,174.32
963,796,199.85
3,348,101,218.60
1,417,029,059.70
4,687,730,540.46
4,227,472,522.74
1,213,903,930.20
6,342,880,065.28
22,630,628,554.32
5,320,342,111.28
5,962,979,555.10
29,723,158,144.05
1,471,027,874.73
2,454,021,481.29
8,697,762,027.67
1,360,898,638.10
3,270,222,523.38
1,620,110,167.58
9,329,245,610.75
4,758,693,052.00
8,060,363,281.34
8,784,159,205.96
1,643,727,955.33
141,559,101,722.28
Difference
443,787,600.63
443,787,600.63
Page | 40
4.7
ANALYSIS OF REFINERY PRODUCTS AND VOLUMES
Crude oil allocated to the four refineries at Port Harcourt, Warri and Kaduna is 445,000.00
Bbls per day for processing to address domestic demand. This allocation corresponds with
the name-plate capacity of the plants. The audit noted that the quantities delivered to the
refineries have dropped to 98.771 million barrels per annum as recorded by COMD. This
represents 20% of the total allocation by the federal government to NNPC as indicated in
the table below:
Table 4.10: Yearly Break Down of Refinery Deliveries
Year
PHRC (bbl)
2009
2010
2011
Total
7,236,066
6,240,265
12,831,286
26,307,617
WRPC/KRPC
(bbl)
12,126,480
28,460,708
31,277,47.5
71,864,663
WPRC (bbl)
KRPC (bbl) Total (bbl)
0
0
599,530
599,530
0
0
0
0
19,362,546
34,700,973
44,708,291
98,771,810
SOURCE: PPMC populated template
The processed products, consisting of LPG, PMS, DPK and LPFO are handed over to PPMC
for marketing and distribution through the existing network of pipelines, road and rail
transportation as well as marine shipment. The quantities of refined petroleum products
obtained from the crude oil delivered to the refineries as set out in table 10.10.
Table 4.11: Port Harcourt Refinery (PHRC) 2009 – 2011
2009
Feed (Crude)
Qty
Crude (MT)
Finished Products/Unfinished Products
Opening
Closing
Products stock
Ugelli
PMS
31,526
10,421
13,503
28,444
Slop
DPK
10,918 18,527
24,664
4,781
32,162
70,329
5,828
39,053
AGO
Total
Sada, Idris & Co.
6,501
48,945
31,489
60,437
Page | 41
2010
Crude
Qty
(MT)
Products
Opening
stock
Closing
Ugelli
PMS
28,013
177,108
212,283
(7,162)
Slop
DPK
4,254
160,534
126,593
38,195
AGO
4,717
36,984
252,528
590,170
256,388
595,264
857
31,890
Opening
stock
Closing
Total
2011
Crude
Qty
(MT)
Products
Ugelli
220,687
PMS
37,083
185,317
180,103
42,297
Slop
218,055
DPK
9,568
124,388
130,693
3,263
AGO
8,214
54,865
235,387
545,092
Total
438,742
232,190
11,411
542,986
56,971
SOURCE: Refineries and Petrochemicals
4.7.1



OBSERVATIONS
The volume of petroleum products produced in Nigeria is still inadequate and can
hardly meet local demands.
The refineries are operating far below their name plate capacities due to poor state
of the refineries and ullage problems.
Crude supply has been hampered by poor state of pipeline network which is usually
suffering frequent outages as a result of damage, leakages, vandalization and poor
maintenance.
4.8
REVIEW OF PPPRA FINANCIAL STATEMENTS
PPPRA provided audited financial statement (AFS) for 2009 which was published on 27th
February, 2012 for review but claimed that the accounts for 2010 and 2011 were not ready
as at June, 2013 when the audit exercise was being conducted.
The amount of subsidy reported by PPPRA in their schedule was compared with subsidy
payment stated in PPPRA’s audited financial statement. We noted a difference between the
Sada, Idris & Co.
Page | 42
amounts reported by PPPRA audited account and the schedule of subsidy payments by
N1.11billion in 2009 as shown below.
Table 4.12: Comparison Of PPPRA AFS With Payment Schedule – 2009
Narration
Subsidy Paid As Reported In Audited Account
Subsidy Paid As Stated In The Schedule
Difference
Amount
N
297,109,021,365
296,001,439,016
1,107,582,349
We recommend that PPPRA should reconcile the difference with a view to amending the
payment records.
4.9
DETERMINATION OF NATIONAL DEMAND
NNPC with all stakeholders in the downstream industry determines the national
consumption. Relevant information is gathered from the refineries to determine their
production level for the next quarter at least two months ahead of the arrival of the first
cargoes. Land-based stocks and marine stocks are also established.
On these bases, the likely shortfall of petroleum products is determined. Twenty days of
products sufficiency as a buffer is also put into consideration and provided. At the end of
this exercise, the shortfall between demand for products and local production by refineries
are established and is covered by imports.
Currently, there is no standard model for determining national consumption for petroleum
products.
4.10
MARKETERS WITH UNRESOLVED COMPLAINTS AGAINST
PPPRA
PPPRA is yet to resolve the complaints of some marketers bothering on understatement of
subsidy claims which was caused by wrong used of parameters. The companies are set out
below.
Sada, Idris & Co.
Page | 43
Table 4.13: Marketers with unresolved complaints
MARKETER
PHOENIX OIL
LTD
COMPLAINT
COMPANY PPPRA under paid them to the tune of N606,897,098.25 on the
basis of interpreting the rule
The marketer was under-paid the amount of N 567,823,804.8 on
LINETRALE
OIL the ground that PPPRA utilized a wrong basis for computing
SUPPLY&TRADING COY LTD payment
KNIGHTSBRIDGE

Two debit notes were issued for the same over recovery
as such they were compelled to pay the sum of N 10,642,905
above the final debt demand note for over recovery on Bach
L/11.

The marketer is claiming unpaid amount of N
294,814,362.04 against PPPRA relating to blank penalty imposed
on late discharge of cargo and foreign exchange differential
losses.
4.11 OVER-RECOVERY OF N4.423 BILLION YET TO BE PAID TO FEDERATION
ACCOUNT
Petroleum Support Fund (PSF) Account is principally funded by the Federation and overrecovery from marketers. Over-recovery occurs when product landing cost is lower than
the ex-depot price which is always the pre-determined price for petroleum products. In
such circumstance, the Federal Government is gaining, because the marketers would
refund money by issuing cheques to the PSF account or the over-recovery is netted off from
any subsidy amount due to them.
Table 4.14 shows the list of marketers and the amount of N14.074 billion of over-recovery
to be refunded in 2009. While the Fed Ministry of Finance deducted N3.127 billion at
source, PPPRA netted off over-recovery due from the subsidy of marketers and remitted
the amount of N2.809 billion to the Federation account. The amount of N4.423 billion being
over-recovery collected from some marketers are yet to be remitted to the Federation
account.
Table 4.14: Summary of Over-Recovery
Sada, Idris & Co.
Page | 44
Over Recovery Advised
S/No
1
Marketer
2008 Over
Recovery
2009 Over
Recovery
N'000
N'000
N'000
N'000
8,372,283.00
189,070
189,070
31,946
31,946
292,477
292,477
1,273,510
1,273,510
1,552,528
1,552,528
7
1,623,630
1,623,630
8
502,034
502,034
59,660
3
4
5
6
Oando Plc
Rahamaniyya
Oil & Gas Ltd
Tonique Oil
9
Services Ltd
10
Total Nig. Ltd
Sub Total:
Other
Marketers
Ground Total: NNPC &
Other Marketers
1,328,748
Payment to
PPPRA
7,043,535
2
NNPC
AMG Petro
Energy Ltd
Majope
Investment
Ltd
Mobil Oil &
Gas Co. Ltd
MRS Oil &
Gas Co. Ltd
NIPCO Plc
Total Over
Recovery
1,328,748
4,391,272
Over Recovery Paid
Amount net off by
Amount Net Off by
PPPRA and paid
Federal Ministry
to the Federatio
of Finance
Account
N'000
N'000
1,328,748
Outstanding
N'000
2,652,263
92,631
96,440
31,946
292,477
641,959
-
631,551
-
585,788
966,740
429,768
1,193,862
-
408,060
93,974
-
59,660
59,660
-
176,645
176,645
176,645
-
5,701,500
5,701,500
31,946
1,479,787
3,126,588
1,063,180
12,745,035
14,073,783
4,423,218
2,808,535
3,126,588
3,715,443
Source: PPPRA
Additionally, table 4.15 showed over-recovery of N3.715billion which is yet to be refunded
by some marketers as set out in the table below:
,
Table 4.15: Analysis of Over-Recovery
Analysis of Over-Recovery
NNPC-2008 Unpaid Bfwd
Over-Recovery-2009
N'000
1,328,748
12,745,036
Total Over-Recovery
14,073,784
Payments to PSF Acct with CBN
** Amount set off by FMF & PPPRA
4,423,218
5,935,122
(10,358,340)
Outstanding
3,715,444
Analysis of Debtors:
NNPC
NIPCO Plc
AMG Petro Energy Limited
2,652,263
966,741
96,440
3,715,444
** Set off relates to arrears of subsidy claims
We recommend that PPPRA should remit the over-recovery collected to the Federation
account. The Agency should also recover the outstanding over-recoveries with interest at
the current market rate from the marketers.
Sada, Idris & Co.
Page | 45
4.12
4.12.1




CONCLUSION AND RECOMMENDATION
MITIGATING MEASURES AGAINST UNQUALIFIED NEW ENTRANTS.
There should be adequate control over the guidelines for eligibility of new
applicants by PPRA.
PPPRA should adhere strictly to policy guidelines put in place by the government.
We suggest that would-be applicants should be experienced players in the industry
and should provide financial and logistic capability along with other required
documents.
There is need for the agency to prone down the number of importers to a
manageable size using a more stringent criteria in the selection of importers.
PPPRA claims that a comprehensive reorganization in the downstream Oil and Gas sector
was carried out by the Honourable Minister, Mrs. Diezani Allison-Madueke, in November
2011, leading to the appointment of Mr. Reginald Chika Stanley, as the Executive Secretary
of Petroleum Products Pricing Regulatory Agency (PPPRA). The reorganization brought
about transparency, accountability, effectiveness, efficiency as well as good governance,
consistent with public expectations. Numerous innovations were introduced to instill
sanity in the sector. These included the following:
 Restriction of participation in the PSF Scheme to only owners of coastal discharge/
depot facilities. This brought about the reduction of participants from 128 to 42
initially and further down to 39 subsequently.
 Introduction of Independent Cargo Inspectors appointed by the Agency to
undertake the supervision of Arrival, Discharge and Truck out of petroleum
products from the Vessel into the Depot.
 Introduction of 3-3-2 structure for the engaged Independent Inspectors (3
Inspectors to validate Vessel arrival, 3 validate Vessel discharge into the shore tanks
and 2 to validate truck out from the storage Depot that received from the Vessel.
 Taking physical control of discharge valves at the Depots to prevent possible backloading.
 Obtaining NNPC commitment to comply with all PPPRA documentation
requirements for PSF processing just like all other marketers.
 Rejecting homogenized cargo from multiple vessels with no defined origin.
 Ban on Cargo from storage tanks in West Africa coasts except from Refineries to
eliminate round tripping if any.
 Introduction and enforcement of the submission of the following documents as a
pre-condition for processing of subsidy claims under the PSF Scheme: Letter of
Credit, Form M, Proforma Invoice, Certificate of Origin of the Cargo, Bill of Lading of
Sada, Idris & Co.
Page | 46






the Mother Vessel, Certificate of Quality of the Mother Vessel, Certificate of Quantity
of the Mother Vessel, On-board Arrival Quantity, Cumulative STS Report, Remain on
Board (ROB) Quantity after each Ship-to Ship (STS) transfer, Final ROB or Empty
Tank Certificate of Mother Vessel.
Commencing from third quarter 2012, the use of Bills for Collection was banned for
all PSF participants owing to the abuses from which the instrument was put in the
past.
All discharges must be accompanied by a complete “family tree” of the entire
transaction.
International Product Suppliers and Local ”Bankers” dealing with Marketers were
duly notified that they will be held accountable for discrepancies that are traced
back to them. Hence, the Suppliers are required to confirm (Attestation)
independently to PPPRA the quantity supplied to each Marketer.
Subscribed to both Lloyds List Intelligence and Reuters, a tracking service to
validate movement and location of Vessels and monitoring of petroleum product
prices.
First-in history Stock Taking exercise on the 1 st Jan. 2012 and on 16th Jan. 2012
when the deregulation of PMS prices was reversed which saved the nation billions
in Naira. Since then, the exercise is performed monthly.
Introduction of 80% truck out compliance policy as a condition for processing of
marketers subsidy claims.
4.12.2 Government Should Investigate Wrongful Award of Product Allocation.


The granting of approval for product importation ahead of completion of necessary
processes should be thoroughly investigated by government to identify the motives
behind the circumvention of the laws.
Oil marketers who are not duly registered should not be allocated petroleum
product
The agency should stop allocation of products to marketers whose performance are below
acceptable criteria in previous yearly quarters. An instance is the allocation of products to
some marketers in the third quarter of 2009 despite their abysmal performance in the first
and second quarter of that year.
The agency should put in place a robust policy and procedure manual for subsidy payment
and product import allocation.
Sada, Idris & Co.
Page | 47
The agency should improve on her corporate governance level. At present, the internal
audit reports only to the Executive Secretary as against both the Board and the Executive
Secretary.

4.12.3
The board of PPPRA should regularly sit as at when due as this will foster a better
supervisory function over the agency.
IMPROVED COORDINATION BETWEEN OAGF, CBN, DMO, BOF AND PPPRA.
There is need for government agencies to keep adequate records and meet regularly to
review and reconciled subsidy payments made by them.
4.12.4
APPOINTMENT OF INDEPENDENT INSPECTORS.
In order to curb the malpractices of the marketers under the PSF scheme, the Federal
Government is advised to appoint independent inspectors to undertake the inspection and
ullaging bid to administer a fraud free discharge process of petroleum products.
Sada, Idris & Co.
Page | 48
ANNEXURES
1.












PPPRA Pricing Template (Price Buildup Components)
Product cost
Conversion rate
Exchange rate
Freight
Lightening expenses
NPA charge
Pipeline charge
Storage charge
Landing cost
Distribution margins
Taxes
Retail price
Sada, Idris & Co.
Page | 49
Annexure 2
S/N
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
PETROLEUM PRODUCTS PRICING REGULATORY AGENCY
DIRECTORY OF MARKETERS UNDER THE PSF SCHEME
65
NNPC
MECURIA GLOBAL ENERGY
66
A.S.B INVESTMENT COMPANY
MEGLAMS OIL & GAS LTD
67
ACORN PETROLEUM PLC
MENOL OIL & GAS LTD
68
AITEO ENERGY RESOURCES LTD
MEZCOR SA
69
ALMINNUR RESOURCES LTD
MIDAS OIL & GAS LTD
70
AMG PETRO-ENERGY LTD
MOB INTEGRATED SERVICES LTD
71
ANOSYKE GROUP OF COMPANIES LTD
MOBIL OIL NIGERIA PLC
72
AQUITANE OIL&GAS LTD
MOMATS OIL & GAS LTD
73
ASCON OIL COMPANY LTD
MRS OIL & GAS COMPANY LTD
74
AVIDOR OIL & GAS COMPANY
MRS OIL NIG. PLC
75
AX ENERGY LTD
NADABO ENERGY LTD
76
A–Z PETROLEUM PRODUCTS LTD
77
BAYWOOD CONTINENTAL LTD
NATICEL PETROLEUM LTD
78
BODEJ INVESTMENT
NEPAL OIL AND GAS SERV. LTD
79
BOVAS & COMPANY LTD
NIPCO PLC
80
BRITTANIA – U NIGERIA LTD
NORTHWEST PETROLEUM & GAS LTD
CAADES OIL & GAS LTD
81
NUPENG VENTURES LTD
82
CAH RESOURCES ASSOCIATION LTD
OAKFIELD SYNERGY NETWORK LTD
83
CAPITAL OIL & GAS INDUSTRY LTD
OANDO PLC
CARNIVAL ENERGY OIL & GAS LTD
84
OBAT OIL & PETROLEUM LTD
85
CEOTI LTD
OILBATH NIGERIA LTD
86
CHANNEL OIL AND PETROLEUM LTD
OILFORCE NIG. LTD
87
COLBERT NIG LTD
ONTARIO OIL & GAS NIG. LTD
88
CONOIL PLC
ORIGIN OIL AND GAS LTD
89
CRUST ENERGY LTD
PHOENIX OIL COMPANY LTD
90
CRUSTSTREAM NIG. LTD
PINNACLE CONTRACTORS LTD
91
DEE JONES PETROLEUM & GAS LTD
92
DOWNSTREAM ENERGY SOURCE LTD
PRACTOIL LTD
93
DOZZY OIL AND GAS LTD
PRUDENT ENERGY & SERVICES LTD
94
DUPORT MARINE LTD
PVN LTD
95
ECO-REGEN LTD
RAHAMANIYYA OIL AND GAS LTD
96
ETERNA PLC
RAINOIL LTD
EURAFIC OIL AND COASTAL SERVICES LTD 97
RYDEN OIL LTD
98
FARGO PETROLEUM & GAS LTD
SAHARA ENERGY RESOURCE LTD
99
FATGBEM PETROLEUM CO. LTD
SEA PETROLEUM & GAS CO.LTD
100
FIRST DEEP WATER DISCOVERY LTD
SETANA ENERGY LTD
101
FIRST INDEPENDET NIG. LTD
SHIELD PETROLEUM COMPANY NIGERIA LTD
102
FOLAWIYO ENERGY LTD
SHORELINK OIL AND GAS SERVICES LTD
103
FORTE OIL PLC (FORMERLY AP PLC)
SIFAX OIL AND GAS COMPANY TD
104
FRADRO INTERNATIONAL LTD
105
FRESH SYNERGY LTD
SIRIUS TAGLIENT LTD
106
GEACAN ENERGY LTD
SOMERSET ENERGY SERVICES LTD
107
GRAND PETROLEUM
SPOG PETROCHEMICAL LTD
108
HEYDEN PETROLEUM
SULPHUR STREAMS LTD
109
HONEYWELL OIL & GAS LTD
SUPREME & MICHELLES OILS LTD
110
IBAFON OIL LTD
SWIFT OIL LTD
111
ICE ENERGY LTD
TAHIL &TAHIL NIG LTD
112
IMAD OIL & GAS LTD
TAURUS OIL & GAS LTD
113
INDEX PETROLEUM
TECHNO OIL LTD
114
114
INTEGRATED OIL & GAS
TEMPO ENERGY NIG LTD
115
115
INTEGRATED RESOURCES LTD
116
116
IPMAN INVESTMENT LTD
TOP OIL AND GAS DEVELOPMENT COMPANY LTD
117
117
JULY SEVENTH OIL LTD
LTD
TOTAL NIGERIA PLC
118
118
KMCL LTD
TRIDAX LTD
119
119
KNIGHTSBRIDGE
TRIQUEST ENERGY LTD
120
120
LINETRALE OIL SUPPLY AND TRADING
VALCORE ENERGY LTD
121
121
LINGO OIL & GAS COMPANY LTD
VENRO ENERGY LTD
122
122
LLOYDS ENERGY LTD
VITACAM SERVICES
123
123
LOTTOJ OIL & GAS LTD
VIVA ENERGY LTD
124
124
LUBCON LTD
XALON PETROLEUM LTD
125
125
MAIZUBE PETROLEUM LTD
XAVIER ENERGY LTD
126
126
MAJOPE INVESTMENT LTD
YANATY PETROCHEMICALS NIGERIA LTD
127
127
MASTERS ENERGY OIL & GAS LTD
ZALEX ENERGY RESOURCES LTD
128
128
MATRIX ENERGY LTD
ZAMSON GLOBAL RESOURCES LTD
Sada, Idris & Co.
Page | 50
3.0
Checklist of Import documents to be submitted by marketer to qualify for
Claims under PSF.

Original PPRA Import permit

Evidence from the bank showing the amount paid on the Transaction and quantity
verifiable with Central Bank of Nigeria (CBN)

Letter of Credit for the Transaction/Bill of collection (bill of exchange)

Letter of affirmation of discharge from the depot

A final invoice relating to the transaction

Witness page

PPPRA approval page

Guarantee page

Notification of nomination of vessel

DPR import permit

Bill of lading

Certificate of origin

Cargo manifest

Ullage report (port of origin)

Certificate of quantity (load port)

Certificate of quality (load port)

Notice of readiness (load port)

Time log of discharge

Vessel experience factor

Tank inspection report

Certificate of quantity and discharge

Short tank report

DPR vessel report

Nigeria customs service clearance
Sada, Idris & Co.
Page | 51
4.0 Marketers that did not respond to Audit enquiries.
S/N
MARKETERS
S/
N
MARKETERS
1
A.S.B INVESTMENT COMPANY
46
MAIZUBE PETROLEUM LTD
2
47
MAJOPE INVESTMENT LTD
3
ACORN PETROLEUM PLC
48
4
49
MENOL OIL & GAS LTD
5
50
MOB INTEGRATED SERVICES LTD
6
51
7
ASCON OIL COMPANY LTD
52
MOMATS LTD
8
AVANT GARDE ENERGY LTD
53
MRS OIL NIG. PLC
9
AVIDOR OIL & GAS COMPANY
54
MUT-HASS PETROLEUM LTD
10
AX ENERGY LTD
55
NADABO ENERGY LTD
11
BAYWOOD CONTINENTAL LTD
56
NEPAL OIL AND GAS SERV. LTD
12
BOVAS & COMPANY LTD
57
NORTHWEST PETROLEUM & GAS LTD
13
BRITTANIA – U NIGERIA LTD
58
OAKFIELD SYNERGY NETWORK LTD
14
CAADES OIL & GAS LTD
59
OANDO PLC
15
CAH RESOURCES ASSOCIATION LTD
60
16
61
17
CAPITAL OIL PLC
62
OBAT OIL & PETROLEUM LTD
OCEAN ENERGY TRADING & SERVICES
LTD
OILBATH NIGERIA LTD
18
CARNIVAL ENERGY OIL & GAS LTD
63
19
CEOTI LTD
64
ORIGIN OIL AND GAS LTD
20
CHANNEL OIL AND PETROLEUM LTD
65
OWA OIL AND GAS LTD
21
CONOIL PLC
66
P.O.N SPECIALIZED SERVICES LTD
22
67
23
Crust Stream Nig. Ltd
CRUST ENERGY LTD
68
24
69
RYDEN OIL LTD
25
DOWNSTREAM ENERGY SOURCE LTD
70
26
DOZZY OIL AND GAS LTD
71
SEA PETROLEUM & GAS CO.LTD
27
DUPORT MARINE LTD
72
SEDEC ENERGY LTD
28
ETERNA PLC
73
SETANA ENERGY LTD
29
EURAFIC OIL AND COASTAL SERVICES 74
Sada, Idris & Co.
SHIELD
PETROLEUM
COMPANY
Page | 52
LTD
NIGERIA LTD
30
FARGO PETROLEUM & GAS LTD
75
31
76
SHORELINK OIL AND GAS SERVICES
LTD
32
FOLAWIYO ENERGY LTD
77
SOMERSET ENERGY SERVICES LTD
33
78
34
FRADRO INTERNATIONAL LTD
79
STONEBRIDGE OIL LTD
35
GEACAN ENERGY LTD
80
SWIFT OIL LTD
36
HEYDEN PETROLEUM
81
37
82
TECHNO OIL LTD
38
IMAD OIL & GAS LTD
83
TOTAL NIGERIA PLC
39
84
TRIQUEST ENERGY LTD
40
85
VALCORE ENERGY LTD
41
86
VALVIZA PETROLEUM LTD
42
LINGO OIL & GAS COMPANY LTD
87
VENRO ENERGY LTD
43
LOTTOJ OIL & GAS LTD
88
44
LUBCON LTD
89
45
LUMEN SKIES LTD
90
XALON PETROLEUM LTD
YANATY PETROCHEMICALS NIGERIA
LTD
ZALEX ENERGY RESOURCES LTD
91
ZAMSON GLOBAL RESOURCES LTD
Sada, Idris & Co.
Page | 53
A.
Details of Subsidy Paid On PMS By PPPRA in 2009
SNO.
1-Jan-00
2-Jan-00
3-Jan-00
4-Jan-00
5-Jan-00
6-Jan-00
7-Jan-00
8-Jan-00
9-Jan-00
10-Jan-00
11-Jan-00
12-Jan-00
13-Jan-00
14-Jan-00
15-Jan-00
16-Jan-00
17-Jan-00
18-Jan-00
19-Jan-00
20-Jan-00
21-Jan-00
22-Jan-00
23-Jan-00
24-Jan-00
25-Jan-00
26-Jan-00
27-Jan-00
28-Jan-00
29-Jan-00
30-Jan-00
31-Jan-00
1-Feb-00
2-Feb-00
3-Feb-00
4-Feb-00
5-Feb-00
6-Feb-00
7-Feb-00
8-Feb-00
9-Feb-00
10-Feb-00
11-Feb-00
12-Feb-00
13-Feb-00
14-Feb-00
15-Feb-00
16-Feb-00
17-Feb-00
18-Feb-00
19-Feb-00
20-Feb-00
21-Feb-00
22-Feb-00
23-Feb-00
24-Feb-00
25-Feb-00
26-Feb-00
27-Feb-00
28-Feb-00
29-Feb-00
MARKETER
PRODUCT MVNAME
PMS
PMS
ACORN PETROLEUM PLC
PMS
ACORN PETROLEUM PLC
PMS
ACORN PETROLEUM PLC
PMS
ACORN PETROLEUM PLC
PMS
ACORN PETROLEUM PLC
PMS
ACORN PETROLEUM PLC
PMS
ACORN PETROLEUM PLC
PMS
ACORN PETROLEUM PLC
PMS
ACORN PETROLEUM PLC
PMS
ACORN PETROLEUM PLC
PMS
AITEO ENERGY RESOURCES LTDPMS
PMS
PMS
PMS
CONOIL PLC
PMS
CONOIL PLC
PMS
CONOIL PLC
PMS
CONOIL PLC
PMS
CONOIL PLC
PMS
CONOIL PLC
PMS
CONOIL PLC
PMS
CONOIL PLC
PMS
CONOIL PLC
PMS
CONOIL PLC
PMS
DEE JONES PETROLEUM & GASPMS
LTD
LTD
LTD
FOLAWIYO ENERGY LTD
PMS
FOLAWIYO ENERGY LTD
PMS
FOLAWIYO ENERGY LTD
PMS
FOLAWIYO ENERGY LTD
PMS
FOLAWIYO ENERGY LTD
PMS
FOLAWIYO ENERGY LTD
PMS
FOLAWIYO ENERGY LTD
PMS
FOLAWIYO ENERGY LTD
PMS
FOLAWIYO ENERGY LTD
PMS
FOLAWIYO ENERGY LTD
PMS
FORTE OIL PLC (FORMERLY AP PMS
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
Sada, Idris & Co.
MV BL DATE
PORT_OF_LOADI COUNTRY OF
NG
ORIGIN
DV NAME
PORT OF
TRANSHIPMENT
DV BL DATE
MT NARODNY BRIDGE 20-Jun-09 JEBEL ALI
UNITED ARAB EMIRATES
NA
N/A
MT NARODNY BRIDGE 20-Jun-09 JEBEL ALI
MT BRAVE
OFFSHORE COTONOU
MT ROBIN
3-Sep-08 LAVERA
FRANCE
MT BARGE MNEMOSYNE
OFFSHORE LAGOS
MT PACIFIC RUBY
5-Nov-08 PALDISKI
ESTONIA
MT UNION FORCE
OFFSHORE COTONOU
MT KING DANIEL
30-Jan-09 PALDISKI
ESTONIA
MT MARINER
Offshore Lagos
MT KING DANIEL
30-Jan-09 PALDISKI
ESTONIA
MT BARGE HESTIA EX M
LAGOS OFFSHORE
MT TORM ESBJERG
28-Apr-09 AUGUSTA-ESSO REFINERY,
ITALY AUGUSTAMT BARGE RHEA EX MTOffshore
HELI EX MT
Lagos
TORM ESBJERG
MT TORM ESBJERG
ITALY AUGUSTAMT HELI EX MT TORM ESBJERG
OFFSHORE COTONOU
MT HANDYTANKERS MARVEL
20-Jun-09 AMSTERDAM
NETHERLANDS MT BARGE HESTIA
OFFSHORE LAGOS
MT HANDYTANKERS MARVEL
20-Jun-09 AMSTERDAM
NETHERLANDS MT LOVELL SEA
OFFSHORE LAGOS
MT AKTI N
20-Jun-09 LIBERIA
LIBERIA
MT BARGE HESTIA
OFFSHORE LAGOS
MT AKTI N
20-Jun-09 LIBERIA
LIBERIA
NA
N/A
MT KYOTO
17-Sep-08 AMSTERDAM
NETHERLANDS MT LOVELL
OFFSHORE LAGOS
MT KYOTO
17-Sep-08 AMSTERDAM
NETHERLANDS MT BEIRA
OFFSHORE LAGOS
MT TIHEROULA
5-Jul-08 AMSTERDAM
NETHERLANDS MT ALPINE STAR
OFFSHORE LAGOS
MT TIHEROULA
5-Jul-08 AMSTERDAM
NETHERLANDS MT TRADEWIND HOPEOFFSHORE LAGOS
MT KRONBORG
11-Oct-08 AMSTERDAM
NETHERLANDS MT VERA CRUZ A
LAGOS OFFSHORE
MT KYOTO
17-Sep-08 AMSTERDAM
NETHERLANDS MT LEO EX MT VERA CRUZ
LAGOS OFFSHORE
MT KRONBORG
11-Oct-08 AMSTERDAM
NETHERLANDS MT LEO EX MT VERA CRUZ
LAGOS OFFSHORE
MT SALACGRIVA
22-May-09 IMMINGHAM
UNITED KINGDOMNA
N/A
MT SALACGRIVA
22-May-09 IMMINGHAM
UNITED KINGDOMMT SYLLA
LAGOS OFFSHORE
MT CAPE BANKS
14-Aug-09 AMSTERDAM
NETHERLANDS MT SYLLA
OFFSHORE LAGOS
MT CESARIA
21-Aug-09 AMSTERDAM
NETHERLANDS MT SYLLA
LAGOS OFFSHORE
MT CAPE BANKS
14-Aug-09 AMSTERDAM
NETHERLANDS MT VERA CRUZ A
OFFSHORE LAGOS
MT CESARIA
21-Aug-09 AMSTERDAM
NETHERLANDS MT SIEMPRE ADORADO
LAGOS OFFSHORE
MT MARIELLA BOTTILIERI
19-Aug-09 AMSTERDAM
NETHERLANDS MT AETOS EX MT TRUST
OFFSHORE
RUNNER LAGOS
MT MARIELLA BOTTILIERI
19-Aug-09 AMSTERDAM
NETHERLANDS MT TRUST RUNNER OFFSHORE LAGOS
MT MISS MARILENA 19-May-09 AUGUSTA
ITALY
MT PANTELENA EX MTOFFSHORE
GAMMATANK
COTONOU
MT CESARIA
2-Aug-09 AMSTERDAM
NETHERLANDS MT ANNOULA
OFFSHORE COTONUO
MT ROFOS
17-Nov-09 AMSTERDAM
NETHERLANDS NA
NOT APPLICABLE
MT TRISTAR DUBAI
15-Jan-09 AMSTERDAM
NETHERLANDS MT NORTE
OFFSHORE COTONOU
MT TRISTAR DUBAI
15-Jan-09 AMSTERDAM
NETHERLANDS MT FRIENDSHIP T EX MT
OFFSHORE
NORTE LAGOS
MT NIKI
20-May-09 GHENT
BELGIUM
NA
N/A
MT NIKI
20-May-09 GHENT
BELGIUM
MT SIR ATHOS
OFFSHORE LAGOS
MT ROFOS
16-Jun-09 AMSTERDAM
NETHERLANDS NA
NA
MT ROFOS
16-Jun-09 AMSTERDAM
NETHERLANDS MT SIR ATHOS
OFFSHORE LAGOS
MT HELI
2-Jul-09 AMSTERDAM
NETHERLANDS NA
OFFSHORE LAGOS
MT HELI
2-Jul-09 AMSTERDAM
NETHERLANDS MT AIDIN
OFFSHORE LAGOS
MT TRISTAR DUBAI 21-Sep-09 GHENT
BELGIUM
NA
NA
MT TRISTAR DUBAI 21-Sep-09 GHENT
BELGIUM
MT AIDIN
OFFSHORE LAGOS
MT OVERSEAS JAMAR 21-Apr-09 AMSTERDAM
NETHERLANDS MT UNION BRAVE
OFFSHORE COTONU
MT MISS MARILENA 23-May-09 AUGUSTA
ITALY
MT FARANDIL EX MT GAMMATANK
OFFSHORE COTONUE
MT ROSA TOMASOS 22-Jul-09 AMSTERDAM
OFFSHORE
EX GAMMATANK
LAGOS
MT TULA
29-Apr-09 ROTTERDAM
NETHERLANDS NA
N/A
MT BRASA
9-May-09 AMSTERDAM
NETHERLANDS MT MARIMBA
N/A
MT WILDEBEEST
18-Jun-09 AMSTERDAM
NETHERLANDS NA
N/A
MT ADMIRAL L
31-May-09 ROTTERDAM
NETHERLANDS NA
N/A
MT UACC HARMONY 20-Jun-09 ROTTERDAM
NETHERLANDS NA
N/A
MT MOUNT GREEN
10-Jul-09 AMSTERDAM
NETHERLANDS NA
N/A
MT AS LIVADIA
20-Sep-09 AMSTERDAM
NETHERLANDS NA
N/A
MT NORTHERN DAWN20-Nov-09 AMSTERDAM
NETHERLANDS NA
N/A
MT YASA MARMARIS 4-Dec-09 ROTTERDAM
NETHERLANDS NA
N/A
MT YASA BODRUM 14-Dec-09 ROTTERDAM
NETHERLANDS NA
LAGOS
MT MARCHEKAN
13-Oct-08 AMSTERDAM
NETHERLANDS MT ALPINE QUEEN OFFSHORE LAGOS
MT ABU DHABI STAR 10-Nov-08 GALENA PARK, TEXAS
UNITED STATES OFMT
AMERICA
QUARTYA
OFFSHORE LAGOS
MT ABU DHABI STAR 10-Nov-08 GALENA PARK, TEXAS
UNITED STATES OFMT
AMERICA
QUARTYA
OFFSHORE LAGOS
MT CHAMPION BRALI 16-Feb-09 ESTONIA
ESTONIA
NA
N/A
MT ZYGI
19-Mar-09 PALDISKI
ESTONIA
NA
NA
MT STX ACE 10
18-May-09 SAO SEBASTIAO BRAZIL
NA
NA
MT TAMAN
27-May-09 PALDISKI
ESTONIA
NA
NA
20-Jun-09
20-Jul-09
28-Nov-08
28-Jan-09
23-Feb-09
2-Mar-09
17-May-09
14-May-09
5-Jul-09
9-Jul-09
30-Jul-09
20-Jun-09
21-Dec-08
1-Dec-08
3-Nov-08
7-Nov-08
4-Feb-09
23-Feb-09
23-Feb-09
22-May-09
6-Jun-09
26-Sep-09
1-Nov-09
20-Sep-09
28-Oct-09
7-Dec-09
25-Nov-09
2-Jul-09
23-Aug-09
17-Nov-09
13-Apr-09
17-Apr-09
20-May-09
10-Jun-09
16-Jun-09
6-Jul-09
2-Jul-09
20-Aug-09
21-Sep-09
9-Oct-09
16-May-09
3-Jul-09
26-Aug-09
29-Apr-09
9-May-09
18-Jun-09
31-May-09
20-Jun-09
10-Jul-09
20-Sep-09
20-Nov-09
4-Dec-09
14-Dec-09
2-Nov-08
28-Nov-08
30-Nov-08
16-Feb-09
19-Mar-09
18-May-09
27-May-09
NOR DATE
24-Jul-09
6-Aug-09
29-Nov-08
20-Feb-09
5-Mar-09
20-Mar-09
22-May-09
23-May-09
6-Jul-09
28-Jul-09
6-Aug-09
3-Sep-09
1-Jan-08
15-Jan-08
23-Nov-08
5-Dec-08
2-Mar-09
25-Nov-08
13-Mar-09
19-Jun-09
25-Jul-09
19-Oct-09
1-Nov-09
20-Oct-09
7-Dec-09
24-Dec-09
2-Jan-10
23-Jul-09
14-Sep-09
20-Dec-09
25-Apr-09
7-May-09
13-Jun-09
28-Jun-09
11-Jul-09
11-Aug-09
31-Aug-09
21-Sep-09
21-Oct-09
29-Oct-09
21-May-09
12-Jul-09
28-Aug-09
14-May-09
26-May-09
2-Jul-09
15-Jun-09
6-Jul-09
23-Jul-09
3-Oct-09
5-Dec-09
19-Dec-09
31-Dec-09
13-Nov-08
5-Dec-08
11-Dec-08
13-Mar-09
29-Apr-09
3-Jun-09
25-Jun-09
DATE OF
DISCHARGE
DISCHARGE DEPOT
AUDITED QNTY
DISCHARGED
30-Jul-09 CAPITAL OIL & GAS DEPOT LAGOS
25,772,570.00
8-Aug-09 CAPITAL OIL & GAS DEPOT LAGOS
19,031,205.00
1-Dec-08 OBAT
13,692,590.00
21-Feb-09 ASCON STORAGE DEPOT APAPA13,986,026.00
9-Mar-09 LISTER STORAGE
20,507,991.00
24-Mar-09 OBAT
19,730,142.00
25-May-09 IBRU
14,466,018.00
26-May-09 LISTER STORAGE
18,576,009.00
9-Jul-09 OBAT/ACORN
19,776,243.00
6-Aug-09 ASCON STORAGE DEPOT APAPA20,798,038.00
8-Aug-09 IBRU
18,332,779.00
12-Sep-09 IBRU JETTY/ ACORN DEPOT
17,620,052.00
7-Jan-08 BOP/HONEYWELL
30,133,997.00
17-Jan-08 HONEYWELL CALABAR
5,972,264.00
23-Nov-08 HONEYWELL CALABAR
6,183,540.00
5-Dec-08 BOP/OANDO
10,581,643.00
10-Mar-09 BOP/OANDO,MOBIL&HONEYWELL
36,511,342.00
7,042,779.00
7,042,779.00
23-Jun-09 NAP/AITEO
26,026,141.00
27-Jul-09 NPA
9,451,733.00
23-Oct-09 OANDO DEPOT
13,761,139.00
12-Nov-09 BOP HONEYWELL
12,994,387.00
22-Nov-09 AITEO ENERGY RESOURCE
33,846,912.41
13-Dec-09 AITEO ENERGY RESOURCE
30,280,482.00
30-Dec-09 NPA/SIGMUND
28,934,746.27
4-Jan-10 IBRU JETTY IBADAN/ASCON
13,397,888.00
25-Jul-09 IBRU
8,784,459.00
19-Sep-09 APAPA
27,038,864.00
28-Dec-09 PWA
21,763,436.32
28-Apr-09 BOP APAPA/OANDO/AP DC
20,253,549.00
13-May-09 CONOIL STORAGE DEPOT, APAPA22,820,684.00
19-Jun-09 CONOIL STORAGE DEPOT, APAPA23,961,923.00
2-Jul-09 BOP APAPA/CONOIL/AP/CONOIL
20,164,309.00
15-Jul-09 BOP APAPA/CONOIL/OANDO 23,490,930.00
15-Aug-09 CONOIL STORAGE DEPOT, APAPA20,389,000.00
4-Sep-09 CONOIL STORAGE DEPOT, APAPA21,238,834.00
24-Sep-09 CONOIL STORAGE DEPOT, APAPA19,482,017.00
24-Oct-09 PWA
24,439,235.00
17-Nov-09 CONOIL STORAGE DEPOT, APAPA19,727,817.09
26-May-09 DEE JONES/CAPITAL
19,786,603.00
16-Jul-09 DEE JONES/CAPITAL
20,605,332.00
31-Aug-09 DEE JONES/CAPITAL
20,073,731.00
16-May-09 FOLAWIYO DEPOT APAPA
45,267,600.00
27-May-09 FOLAWIYO DEPOT APAPA
44,061,972.00
3-Jul-09 NISPAN
45,154,621.00
16-Jun-09 FOLAWIYO DEPOT APAPA
46,417,450.00
8-Jul-09 NISPAN
44,072,270.00
24-Jul-09 FOLAWIYO DEPOT APAPA
41,452,880.00
6-Oct-09 FOLAWIYO DEPOT APAPA
40,798,080.00
7-Dec-09 FOLAWIYO DEPOT APAPA
44,206,051.59
21-Dec-09 FOLAWIYO DEPOT APAPA
44,254,217.63
4-Jan-10 NISPAN
44,212,276.51
13-Nov-08 HONEYWELL CALABAR
6,481,420.00
5-Dec-08 NOJ
21,389,539.00
11-Dec-08 BOP
19,348,823.00
16-Mar-09 NISPAN FOLAWIYO
43,698,677.00
2-May-09 NISPAN
39,801,399.00
6-Jun-09 NISPAN
43,206,792.00
29-Jun-09 FOLAWIYO DEPOT APAPA
40,326,094.00
AUDITED
LANDING EXSUBSIDY/
AUDITED SUBSIDY
COST
DEPOT
LTR
PRICE
86.49
51.80
34.69
894,050,453.30
89.12
51.80
37.32
710,244,570.60
99.20
56.80
42.40
580,565,816.00
60.05
51.80
8.25
115,384,714.50
55.53
51.80
3.73
76,494,806.43
55.53
51.80
3.73
73,593,429.55
70.03
51.80
18.23
263,715,508.14
70.03
51.80
18.23
338,640,644.07
89.12
51.80
37.32
738,049,388.76
89.12
51.80
37.32
776,182,778.16
89.12
51.80
37.32
684,179,312.28
86.49
51.80
34.69
611,239,603.88
96.48
56.80
39.68
1,195,717,000.96
97.00
56.80
40.20
240,085,012.80
116.57
56.80
59.77
369,590,185.80
116.06
56.80
59.26
627,068,164.18
90.86
51.80
39.06
1,426,133,018.52
96.48
51.80
44.68
314,671,365.70
90.86
51.80
39.06
275,090,947.74
83.80
51.80
32.00
832,836,512.00
86.95
51.80
35.15
332,228,414.95
89.32
51.80
37.52
516,317,935.28
88.55
51.80
36.75
477,543,722.25
89.32
51.80
37.52
1,269,936,153.62
89.07
51.80
37.27
1,128,553,564.14
93.33
51.80
41.53
1,201,660,012.59
92.81
51.80
41.01
549,447,386.88
79.33
51.80
27.53
241,836,156.27
88.80
51.80
37.00
1,000,437,968.00
90.32
51.80
38.52
838,327,567.05
53.55
51.80
1.75
35,443,710.00
53.55
51.80
1.75
39,936,197.00
76.71
51.80
24.91
596,891,501.00
79.33
51.80
27.53
555,123,426.77
86.49
51.80
34.69
814,900,361.70
89.12
51.80
37.32
760,917,480.00
80.83
51.80
29.03
616,563,351.02
83.46
51.80
31.66
616,800,658.22
80.25
51.80
28.45
695,296,235.75
82.88
51.80
31.08
613,140,555.16
70.03
51.80
18.23
360,709,772.69
86.43
51.80
34.63
713,562,647.00
88.80
51.80
37.00
742,728,047.00
67.41
51.80
15.61
706,627,236.00
67.41
51.80
15.61
687,807,382.92
86.77
51.80
34.97
1,579,057,096.00
83.80
51.80
32.00
1,485,358,400.00
86.49
51.80
34.69
1,528,867,046.30
80.83
51.80
29.03
1,203,377,106.40
82.39
51.80
30.59
1,248,013,260.47
90.37
51.80
38.57
1,705,027,409.83
88.38
51.80
36.58
1,618,819,280.91
88.38
51.80
36.58
1,617,285,074.74
91.38
56.80
34.58
224,127,503.60
58.85
56.80
2.05
43,848,554.95
60.05
56.80
3.25
62,883,674.75
55.36
51.80
3.56
155,567,290.12
58.06
51.80
6.26
249,156,757.74
76.71
51.80
24.91
1,076,281,188.00
84.00
52.00
32.00
1,290,435,008.00
BATCH
F/09
F/09
A/09
B/09
B/09
B/09
D/09
D/09
G/09
G/09
G/09
H/09
A/09
A/09
A/09
A/09
B/09
B/09
B/09
G/09
G/09
I/09
J/09
J/09
J/09
J/09
J/09
G/09
H/09
J/09
E/09
E/09
E/09
F/09
F/09
G/09
H/09
H/09
I/09
J/09
D/09
E/09
G/09
D/09
D/09
E/09
F/09
F/09
F/09
I/09
J/09
J/09
J/09
A/09
A/09
A/09
B/09
C/09
E/09
F/09
Page | 54
1-Mar-00
2-Mar-00
3-Mar-00
4-Mar-00
5-Mar-00
6-Mar-00
7-Mar-00
8-Mar-00
9-Mar-00
10-Mar-00
11-Mar-00
12-Mar-00
13-Mar-00
14-Mar-00
15-Mar-00
16-Mar-00
17-Mar-00
18-Mar-00
19-Mar-00
20-Mar-00
21-Mar-00
22-Mar-00
23-Mar-00
24-Mar-00
25-Mar-00
26-Mar-00
27-Mar-00
28-Mar-00
29-Mar-00
30-Mar-00
31-Mar-00
1-Apr-00
2-Apr-00
3-Apr-00
4-Apr-00
5-Apr-00
6-Apr-00
7-Apr-00
8-Apr-00
9-Apr-00
10-Apr-00
11-Apr-00
12-Apr-00
13-Apr-00
14-Apr-00
15-Apr-00
16-Apr-00
17-Apr-00
18-Apr-00
19-Apr-00
20-Apr-00
21-Apr-00
22-Apr-00
23-Apr-00
24-Apr-00
25-Apr-00
26-Apr-00
27-Apr-00
28-Apr-00
29-Apr-00
30-Apr-00
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
PLC)
HEYDEN PETROLEUM
PMS
HEYDEN PETROLEUM
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
MRS OIL & GAS COMPANY LTDPMS
Sada, Idris & Co.
MT PRISCO ALEXANDRA
20-Jun-09 AMSTERDAM
NETHERLANDS
NA
NA
MT CAPE BRADLEY
1-Jul-09 AMSTERDAM
NETHERLANDS
NA
NA
MT PRISCO ALEXANDRA
20-Jun-09 AMSTERDAM
NETHERLANDS
MT W.S ENTERPRISE OFFSHORE LAGOS
MT YASA BODRUM
29-Jul-09 KLAIPEDA
LITHUANIA
NA
NA
MT YASA BODRUM
29-Jul-09 KLAIPEDA
LITHUANIA
MT W.S ENTERPRISE OFFSHORE LAGOS
MT CHARALABOS
31-Aug-09 AMSTERDAM
NETHERLANDS
MT ITB GROTON
OFFSHORE LAGOS
MT CHARALABOS
31-Aug-09 AMSTERDAM
NETHERLANDS
MT ITB JACKSONVILLEOFFSHORE LAGOS
MT FIDIAS
17-Sep-09 AMSTERDAM
NETHERLANDS
MT CRETE EX MT ITB GROTON
OFFSHORE COTONOU
MT FIDIAS
17-Sep-09 AMSTERDAM
NETHERLANDS
MT C T CORK EX MT GROTON
OFFSHORE COTONOU
MT FIDIAS
17-Sep-09 AMSTERDAM
NETHERLANDS
MT TRADEWIND PASSION
OFFSHORE
EX MT GROTON
COTONOU
MT KRITON
13-Oct-09 GHENT
BELGIUM
MT CRETE
OFFSHORE COTONOU
MT KRITON
13-Oct-09 GHENT
BELGIUM
MT ASPREY EX MT CRETE
OFFSHORE COTONOU
MT FIDIAS
17-Sep-09 AMSTERDAM
NETHERLANDS
MT AEGINA EX MT GROTON
OFFSHORE COTONOU
MT BOW PEACE
5-Nov-09 AMSTERDAM
NETHERLANDS
MT EKI
AMSTERDAM
MT BOW PEACE
5-Nov-09 AMSTERDAM
NETHERLANDS
NA
OFFSHORE LAGOS
MT KRITON
13-Oct-09 GHENT
BELGIUM
NA
NA
MT FIDIAS
17-Sep-09 AMSTERDAM
NETHERLANDS
MT POINTE CLAIRETTEOFFSHORE COTONOU
MT BOW PEACE
5-Nov-09 AMSTERDAM
NETHERLANDS
MT CRETE
OFFSHORE COTONOU
MT CHANCE
18-Nov-09 PALDISKI
ESTONIA
MT EKI
OFFSHORE COTONOU
MT PRODROMI
25-Jun-09 REFINERIA TENERIFE
SPAIN
MT ANNOULA
OFFSHORELAGOS
MT PRODROMI
25-Jun-09 SANTA CRUZ DE TENERIFE
SPAIN
MT ANNOULA APPLICABLE
OFFSHORE LAGOS
MT GULF RIYAD
21-Oct-08 AMSTERDAM
NETHERLANDS
MT GENESIS ADVENTURER
OFFSHORE LAGOS
MT TRISTAR KUWAIT 30-Apr-09 MILFORD HAVEN UNITED KINGDOMMT GENESIS EXPLOREROFF
1 EX
SHORE
PROVIDENCE
LAGOS
MT TRISTAR KUWAIT 30-Apr-09 MILFORD HAVEN UNITED KINGDOMMT GENESIS EXPLOREROFFSHORE
2 EX PROVIDENCE
LAGOS
MT TRISTAR KUWAIT 30-Apr-09 MILFORD HAVEN UNITED KINGDOMMT GENESIS ADVENTURER
OFFSHORE
EX PROVIDENCE
LAGOS
MT TRISTAR KUWAIT 30-Apr-09 MILFORD HAVEN UNITED KINGDOMMT GENESIS EXPLOREROFFSHORE
3 EX PROVIDENCE
LAGOS
MT MAERSK KALEA
5-Jun-09 AMSTERDAM
NETHERLANDS
OFFSHORE
EX MT LAGOS
PROVIDENCE
MT MAERSK KALEA
5-Jun-09 AMSTERDAM
NETHERLANDS
MT GENESIS EXPLOREROFFSHORE
EX MT PROVIDENCE
LAGOS
MT MAERSK KALEA
5-Jun-09 AMSTERDAM
NETHERLANDS
OFFSHORE
EX MT LAGOS
PROVIDENCE
MT MAERSK KALEA
5-Jun-09 AMSTERDAM
NETHERLANDS
OFFSHORE
3 EX MT
LAGOS
PROVIDENCE
MT OVERSEAS VEGA 18-Oct-08 GALENA PARK, TEXAS
UNITED STATES OFMT
AMERICA
MARINER
LAGOS OFFSHORE
MT OVERSEAS VEGA 18-Oct-08 GALENA PARK, TEXAS
UNITED STATES OFMT
AMERICA
MARINER
LAGOS OFFSHORE
MT KULDIGA
15-Mar-09 KLAIPEDA
LITHUANIA
NA
LAGOS
MT KULDIGA
15-Mar-09 KLAIPEDA
LITHUANIA
MT SETUBA1
OFFSHORE LAGOS
MT OCEAN SPIRIT
15-May-09 KLAIPEDA
LITHUANIA
NA
NA
MT OCEAN SPIRIT
15-May-09 KLAIPEDA
LITHUANIA
MT LOVELL SKY
OFFSHORE LAGOS
MT OVERSEAS JAMAR 20-Jun-09 KLAIPEDA
LITHUANIA
MT OVERSEA JAMAR OFF SHORE LAGOS
MT OVERSEAS JAMAR 20-Jun-09 KLAIPEDA
LITHUANIA
MT VERA CRUZ A
OFFSHORE LAGOS
MT INDRA
16-Aug-09 SKIKDA
ALGERIA
NA
NA
MT INDRA
16-Aug-09 SKIKDA
ALGERIA
MT AETOS
OFF SHORE LAGOS
MT HANDY TANKER MIRACLE,
28-Jul-08
MT LAVERA
MANUELA BOTTIGLIERI
FRANCE
MT HESTIA
OFFSHORE LAGOS
MT HANDY TANKER MIRACLE,
28-Jul-08
MT LAVERA
MANUELA BOTTIGLIERI
FRANCE
MT DEMETRA
OFFSHORE LAGOS
MT NAVIG 8 STEALTH II 9-Jul-08 TEXAS CITY, TEXASUNITED STATES OFMT
AMERICA
MNEMOSYNE
LAGOS OFFSHORE
MT CONGER
18-Oct-08 AMSTERDAM
NETHERLANDS
MT HESTIA
OFFSHORE LAGOS
MT GULF PROGRESS/MT24-Jul-08
GRETAF VENTSPILS
LATVIA
MT DEMETRA
OFFSHORE LAGOS
GRETAF VENTSPILS
LATVIA
MT HESTIA
OFFSHORE LAGOS
GRETAF VENTSPILS
LATVIA
MT DEMETRA
OFFSHORE LAGOS
GRETAF VENTSPILS
LATVIA
MT HESTIA
OFFSHORE LAGOS
MT MARLIN
22-Dec-08 AMSTERDAM
NETHERLANDS
MT DEMETRA EX MT MAR
OFFSHORE LAGOS
MT MARLIN
22-Dec-08 AMSTERDAM
NETHERLANDS
MT HESTIA EX MT MARL
OFFSHORE LAGOS
MT MARLIN
22-Dec-08 AMSTERDAM
NETHERLANDS
MT DEMETRA 2 EX MT OFFSHORE
M
LAGOS
MT MARLIN
22-Dec-08 AMSTERDAM
NETHERLANDS
MT MNEMOSYNE EX MT
OFFSHORE
M
LAGOS
MT NORTHERN BELL
3-Feb-09 AMSTERDAM
NETHERLANDS
MT HERA EX WESTAF EX
OFFSHORE
N/BELL LAGOS
MT NORTHERN BELL
3-Feb-09 AMSTERDAM
NETHERLANDS
MT HERA 2 EX MT GREATAF
OFFSHORE LAGOS
MT NORTHERN BELL
3-Feb-09 AMSTERDAM
NETHERLANDS
MT DEMETRA EX MT GREATAF
OFFSHORE LAGOS
MT KING DANIEL
13-Mar-09 AMSTERDAM
NETHERLANDS
MT DEMETRA 1
OFFSHORE LAGOS
MT NORTHERN BELL
3-Feb-09 AMSTERDAM
NETHERLANDS
MT HERA 3 EX MT GREATAF
OFFSHORE LAGOS
MT KING DANIEL
13-Mar-09 AMSTERDAM
NETHERLANDS
MT DEMETRA 2
OFFSHORE LAGOS
MT KING DANIEL
13-Mar-09 AMSTERDAM
NETHERLANDS
MT HERA
OFFSHORE LAGOS
MT KING DANIEL
13-Mar-09 AMSTERDAM
NETHERLANDS
MT DEMETRA 3
OFFSHORE LAGOS
MT TRANSPORT
18-Apr-09 AMSTERDAM
NETHERLANDS
NA
OFFSHORE LAGOS
20-Jun-09
1-Jul-09
8-Jul-09
29-Jul-09
17-Aug-09
19-Sep-09
29-Sep-09
23-Oct-09
11-Oct-09
27-Oct-09
5-Nov-09
14-Nov-09
28-Nov-09
25-Nov-09
13-Dec-09
13-Oct-09
8-Nov-09
10-Dec-09
22-Dec-09
7-Jul-09
7-Jul-09
18-Nov-08
20-May-09
2-Jun-09
12-Jun-09
15-Jun-09
1-Jul-09
4-Jul-09
24-Jul-09
1-Aug-09
13-Nov-08
13-Nov-08
15-Mar-09
4-Apr-09
15-May-09
4-Jun-09
20-Jun-09
10-Jul-09
16-Aug-09
15-Sep-09
10-Sep-08
11-Sep-08
6-Sep-08
13-Nov-08
26-Nov-08
5-Dec-08
9-Dec-08
13-Nov-08
8-Jan-09
10-Jan-09
13-Jan-09
14-Jan-09
13-Mar-09
29-Mar-09
27-Mar-09
2-Apr-09
9-Apr-09
10-Apr-09
15-Apr-09
18-Apr-09
7-May-09
20-Jul-09
29-Jul-09
7-Aug-09
31-Aug-09
10-Sep-09
27-Sep-09
12-Oct-09
27-Oct-09
14-Oct-09
4-Nov-09
17-Nov-09
24-Nov-09
6-Dec-09
6-Dec-09
10-Dec-09
12-Nov-09
15-Nov-09
14-Dec-09
27-Dec-09
1-Aug-09
1-Aug-09
7-Dec-08
26-May-09
6-Jun-09
18-Jun-09
23-Jun-09
2-Jul-09
9-Jul-09
25-Jul-09
3-Aug-09
12-Nov-08
13-Nov-08
10-Apr-09
13-Apr-09
3-Jun-09
25-May-09
30-Jul-09
16-Aug-09
27-Sep-09
10-Oct-09
11-Sep-08
15-Sep-08
22-Sep-08
25-Nov-08
1-Dec-08
6-Dec-08
10-Dec-08
14-Dec-08
9-Jan-09
11-Jan-09
14-Jan-09
17-Jan-09
12-Mar-09
29-Mar-09
27-Mar-09
3-Apr-09
9-Apr-09
11-Apr-09
16-Apr-09
21-Apr-09
10-May-09
22-Jul-09
31-Jul-09
10-Aug-09
3-Sep-09
13-Sep-09
1-Oct-09
15-Oct-09
31-Oct-09
18-Oct-09
10-Nov-09
20-Nov-09
27-Nov-09
8-Dec-09
8-Dec-09
13-Dec-09
15-Nov-09
19-Nov-09
17-Dec-09
30-Dec-09
5-Aug-09
5-Aug-09
9-Dec-08
29-May-09
11-Jun-09
22-Jun-09
29-Jun-09
6-Jul-09
20-Jul-09
30-Jul-09
23-Aug-09
19-Nov-08
21-Nov-08
14-Apr-09
17-Apr-09
10-Jun-09
19-Jun-09
3-Aug-09
21-Aug-09
29-Sep-09
15-Oct-09
13-Sep-08
15-Sep-08
22-Sep-08
29-Nov-08
4-Dec-08
8-Dec-08
13-Dec-08
16-Dec-08
11-Jan-09
13-Jan-09
16-Jan-09
18-Jan-09
18-Mar-09
1-Apr-09
29-Mar-09
6-Apr-09
11-Apr-09
14-Apr-09
18-Apr-09
25-Apr-09
10-May-09
NIPCO
FOLAWIYO DEPOT APAPA
AP DEPOT APAPA
PWA
PWA
IBRU
ZENON 2
ZENON 2
HONEYWELL CALABAR
HONEYWELL CALABAR
IBRU
HONEYWELL CALABAR
IBRU JETTY IBAFON/ZENON 11
HONEYWELL CALABAR
ZENON 2
IBRU
HONEYWELL CALABAR
IBRU
HONEYWELL CALABAR
PWA
PWA
IBAFON APAPA
INTEGRATED
INTEGRATED
INTEGRATED
INTEGRATED
INTEGRATED
INTEGRATED
INTEGRATED
INTEGRATED
PWA
PWA
BOP/MOBIL DEPOT
PWA
MOBIL OIL DEPOT APAPA
PWA
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
DANTATA/MRS DEPOT
18,419,753.00
44,761,757.00
21,186,760.00
19,971,328.00
23,858,301.00
19,887,783.00
20,028,581.00
20,374,696.00
5,114,461.00
5,199,580.00
19,868,418.00
5,179,821.70
8,568,502.00
4,950,960.00
15,771,938.00
20,492,478.09
5,256,866.00
22,031,760.00
4,963,090.00
15,493,951.00
6,395,626.00
9,410,038.00
9,597,204.00
9,870,969.00
9,764,284.00
9,422,168.00
9,596,677.00
10,993,047.00
9,551,097.00
9,893,899.00
17,912,363.00
24,739,787.00
23,877,079.00
17,755,892.00
14,522,235.00
23,271,565.00
17,599,061.00
22,694,205.00
16,384,926.00
19,846,200.00
19,614,008.00
17,983,568.00
11,804,417.00
18,321,874.00
21,253,166.00
19,855,228.00
20,895,254.00
19,755,868.00
22,460,812.00
20,228,026.00
20,009,885.00
13,391,774.00
17,709,824.00
17,982,916.00
18,468,545.00
22,777,209.00
12,024,571.00
23,099,414.00
17,400,570.00
19,913,028.00
18,467,395.00
86.49
80.83
89.12
86.17
88.80
88.55
88.55
85.03
85.55
85.55
82.88
83.40
85.03
93.03
89.87
80.25
85.55
92.51
93.48
83.46
83.46
60.05
70.03
70.03
70.03
70.03
86.43
86.43
86.43
86.43
73.91
75.06
58.06
60.68
76.71
79.33
86.49
89.12
90.17
92.81
107.19
107.19
141.80
75.06
107.19
107.19
107.19
107.19
48.50
48.50
48.50
48.50
55.53
55.53
55.53
56.57
55.53
56.57
56.57
56.57
62.77
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
56.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
56.80
56.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
56.80
56.80
36.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
34.69
29.03
37.32
34.37
37.00
36.75
36.75
33.23
33.75
33.75
31.08
31.60
33.23
41.23
38.07
28.45
33.75
40.71
41.68
31.66
31.66
3.25
18.23
18.23
18.23
18.23
34.63
34.63
34.63
34.63
17.11
18.26
6.26
8.88
24.91
27.53
34.69
37.32
38.37
41.01
50.39
50.39
105.00
18.26
50.39
50.39
50.39
50.39
8.30
8.30
8.30
8.30
3.73
3.73
3.73
4.77
3.73
4.77
4.77
4.77
10.97
638,981,231.57
1,299,433,805.71
790,689,883.20
686,414,543.36
882,757,137.00
730,876,025.25
736,050,351.75
677,051,148.08
172,613,058.75
175,485,825.00
617,510,431.44
163,682,365.72
284,731,321.46
204,128,080.80
600,437,679.66
583,010,999.10
177,419,227.50
896,912,949.60
206,861,591.20
490,538,488.66
202,485,519.16
30,582,623.50
174,957,028.92
179,947,764.87
178,002,897.00
171,766,123.00
332,332,925.00
380,689,218.00
330,754,489.11
342,625,722.37
306,480,530.93
451,748,510.62
149,470,514.54
157,672,320.96
361,748,873.85
640,666,184.45
610,511,426.09
846,947,730.60
628,689,610.62
813,892,662.00
988,349,863.12
906,191,991.52
1,239,463,785.00
334,557,419.24
1,070,947,034.74
1,000,504,938.92
1,052,911,849.06
995,498,188.52
(186,424,739.60)
(167,892,615.80)
(166,082,045.50)
(111,151,724.20)
66,057,643.52
67,076,276.68
68,887,673.00
108,647,287.00
44,851,650.00
110,184,204.78
83,000,719.00
94,985,144.00
202,587,323.00
G/09
G/09
G/09
H/09
H/09
H/09
I/09
I/09
J/09
J/09
J/09
J/09
J/09
J/09
J/09
K/09
K/09
K/09
K/09
G/09
J/09
A/09
D/09
D/09
E/09
E/09
E/09
E/09
F/09
G/09
A/09
A/09
C/09
C/09
H/09
H/09
H/09
I/09
I/09
I/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
B/09
B/09
B/09
B/09
D/09
D/09
E/09
E/09
E/09
E/09
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1-May-00
2-May-00
3-May-00
4-May-00
5-May-00
6-May-00
7-May-00
8-May-00
9-May-00
10-May-00
11-May-00
12-May-00
13-May-00
14-May-00
15-May-00
16-May-00
17-May-00
18-May-00
19-May-00
20-May-00
21-May-00
22-May-00
23-May-00
24-May-00
25-May-00
26-May-00
27-May-00
28-May-00
29-May-00
30-May-00
31-May-00
1-Jun-00
2-Jun-00
3-Jun-00
4-Jun-00
5-Jun-00
6-Jun-00
7-Jun-00
8-Jun-00
9-Jun-00
10-Jun-00
11-Jun-00
12-Jun-00
13-Jun-00
14-Jun-00
15-Jun-00
16-Jun-00
17-Jun-00
18-Jun-00
19-Jun-00
20-Jun-00
21-Jun-00
22-Jun-00
23-Jun-00
24-Jun-00
25-Jun-00
26-Jun-00
27-Jun-00
28-Jun-00
29-Jun-00
30-Jun-00
MRS OIL NIG. PLC
PMS
MRS OIL NIG. PLC
PMS
MRS OIL NIG. PLC
PMS
MRS OIL NIG. PLC
PMS
Sada, Idris & Co.
MT TRANSPORT
18-Apr-09 AMSTERDAM
MT CIELO DI SALERNO 28-Apr-09 AMSTERDAM
MT CIELO DI SALERNO 28-Apr-09 AMSTERDAM
MT MONTREUX
27-Apr-09 AMSTERDAM
MT MONTREUX
27-Apr-09 AMSTERDAM
MT KING DANIEL
9-May-09 AMSTERDAM
MT KING DANIEL
9-May-09 AMSTERDAM
MT KING DANIEL
9-May-09 AMSTERDAM
MT NORD MERMAID 17-May-09 ROTTERDAM
MT AMBERJACK
24-Jan-09 AMSTERDAM
MT AMBERJACK
24-Jan-09 AMSTERDAM
MT AMBERJACK
24-Jan-09 AMSTERDAM
MT AMBERJACK
24-Jan-09 AMSTERDAM
MT KING DANIEL
9-May-09 AMSTERDAM
MT OVERSEAS CAPEMAR
27-May-09 AMSTERDAM
MT OVERSEAS CAPEMAR
27-May-09 AMSTERDAM
MT OVERSEAS CAPEMAR
27-May-09 AMSTERDAM
MT ETERNAL PRIDE
14-Jun-09 AMSTERDAM
MT ETERNAL PRIDE
14-Jun-09 AMSTERDAM
MT ETERNAL PRIDE
14-Jun-09 AMSTERDAM
MT ETERNAL PRIDE
14-Jun-09 AMSTERDAM
MT KING DANIEL
5-Jul-09 AMSTERDAM
MT KING DANIEL
5-Jul-09 AMSTERDAM
MT KING DANIEL
5-Jul-09 AMSTERDAM
MT KING DANIEL
5-Jul-09 AMSTERDAM
MT FIDIAS
23-May-09 VENTSPILS
MT BW CAPTAIN
20-May-09 AMSTERDAM
MT ATTALYA
27-May-09 AMSTERDAM
MT KING DANIEL
5-Jul-09 AMSTERDAM
MT OCEAN GRACE
27-Jul-09 AMSTERDAM
MT OCEAN GRACE
27-Jul-09 AMSTERDAM
MT KING DANIEL
15-Aug-09 SAO SEBASTIAO
MT KING DANIEL
MT KING DANIEL
MT CRETE
16-Aug-09 PALDISKI
MT CRETE
16-Aug-09 PALDISKI
MT CRETE
16-Aug-09 PALDISKI
MT PORT RUSSEL
23-Aug-09 SANTOS
MT PORT RUSSEL
23-Aug-09 SANTOS
MT CRETE
16-Aug-09 PALDISKI
MT CESARIA
2-Aug-09 AMSTERDAM
MT MAETIGA
2-Nov-09 AMSTERDAM
MT MAETIGA
2-Nov-09 AMSTERDAM
MT UNIQUE SUNSHINE30-Oct-09 LAVERA
MT MAETIGA
2-Nov-09 AMSTERDAM
MT SUMMIT ASIA
21-Nov-09 AMSTERDAM
MT SUMMIT ASIA
21-Nov-09 AMSTERDAM
MT SUMMIT ASIA
21-Nov-09 AMSTERDAM
MT SUMMIT ASIA
21-Nov-09 AMSTERDAM
MT BW HAVFROST 14-Nov-09 VENTSPILS
MT BW HAVFROST 14-Nov-09 VENTSPILS
MT CIELO DI MILANO 20-Nov-09 VENTSPILS
MT CIELO DI MILANO 20-Nov-09 VENTSPILS
MT BW CAPTAIN
20-May-09 IMMINGHAM
MT BW CAPTAIN
20-May-09 IMMINGHAM
MT FIDIAS
23-May-09 VENTSPILS
MT FIDIAS
23-May-09 VENTSPILS
NETHERLANDS MT OTB KIRIKIRI
OFFSHORE LAGOS
NETHERLANDS MT HESTIA
OFFSHORE LAGOS
OFFSHORE LAGOS
NETHERLANDS MT HESTIA EX WESTAFOFFSHORE LAGOS
NETHERLANDS MT OTB KIRIKIRI EX MTOFFSHORE
WESTAF LAGOS
OFSHORE LAGOS
OFFSHORE LAGOS
NETHERLANDS MT OTB KIRIKIRI 2
OFFSHORE LAGOS
NETHERLANDS MT HESTIA EX WESTAFOFFSHORE LAGOS
NETHERLANDS MT OTB KIRIKIRI EX MTOFFSORE
WESTAFLAGOS
OFFSHORE LAGOS
NETHERLANDS MT DEMETRA
OFFSHORE LAGOS
NETHERLANDS MT DEMETRA 3
OFFSHORE LAGOS
NETHERLANDS MT DEMETRA EX GREATAF
OFFSHORE LAGOS
WESTAF LAGOS
WESTAF LAGOS
NETHERLANDS MT DEMETRA EX WESTAF
OFFSHORE LAGOS
WESTAF LAGOS
NETHERLANDS MT DEMETRA 2 EX MT OFFSHORE
WESTAF LAGOS
WESTAF LAGOS
NETHERLANDS MT OTB KIRIKIRI 1 EX MT
OFFSHORE
WESTAFLAGOS
WESTAF LAGOS
OFFSHORE
WESTAFLAGOS
OFFSHORE
WESTAFLAGOS
WESTAF LAGOS
WESTAF LAGOS
WESTAF LAGOS
LATVIA
MT DEMETRA EX WESTAF
OFFSHORE LAGOS
NETHERLANDS MT DEMETRA EX GREATAF
OFFSHORE LAGOS
OFFSHORE LAGOS
WESTAF LAGOS
WESTAF LAGOS
WESTAF LAGOS
BRAZIL
WESTAF LAGOS
BRAZIL
MT DEMETRA 2 EX WESTAF
OFFSHORE LAGOS
BRAZIL
WESTAF LAGOS
ESTONIA
OFFSHORE LAGOS
ESTONIA
OFFSHORE LAGOS
ESTONIA
WESTAF LAGOS
BRAZIL
OFFSHORE LAGOS
BRAZIL
OFFSHORE LAGOS
ESTONIA
OFFSHORE LAGOS
OFFSHORE LAGOS
NETHERLANDS MT DEMETRA EX MT WESTAF
OFFSHORE LAGOS
OFFSHORE LAGOS
FRANCE
MT OTB KIRIKIRI EX MTOFFSHORE
WESTAF LAGOS
WESTAF LAGOS
FRANCE
WESTAF LAGOS
OFFSHORE LAGOS
WESTAF LAGOS
OFFSHORE LAGOS
WESTAF LAGOS
LATVIA
MT DEMETRA EX MT WESTAF
OFFSHORE LAGOS
LATVIA
WESTAF LAGOS
LATVIA
OFFSHORE LAGOS
LATVIA
MT OTB KIRIKIRI EX MTDANTATA
WESTAF JETTY
FRANCE
OFFSHORE LAGOS
UNITED KINGDOMMT HESTIA
OFFSHORE LAGOS
UNITED KINGDOMMT OTB KIRIKIRI
OFFSHORE LAGOS
LATVIA
WESTAF LAGOS
LATVIA
OFSHORE LAGOS
7-May-09
14-May-09
15-May-09
17-May-09
20-May-09
24-May-09
28-May-09
29-May-09
17-Jun-09
21-Jun-09
24-Feb-09
2-Mar-09
9-Mar-09
20-Mar-09
13-Jun-09
13-Jun-09
28-Jun-09
4-Jul-09
9-Jul-09
17-Jul-09
20-Jul-09
24-Jul-09
28-Jul-09
28-Jul-09
3-Aug-09
8-Aug-09
12-Aug-09
28-Jun-09
9-Jul-09
10-Jul-09
19-Aug-09
23-Aug-09
27-Aug-09
3-Sep-09
11-Sep-09
20-Sep-09
20-Sep-09
25-Sep-09
28-Sep-09
28-Sep-09
3-Oct-09
6-Oct-09
9-Oct-09
20-Nov-09
24-Nov-09
26-Nov-09
26-Nov-09
30-Nov-09
3-Dec-09
5-Dec-09
6-Dec-09
9-Dec-09
17-Dec-09
18-Dec-09
22-Dec-09
25-Dec-09
28-Nov-09
4-Jun-09
9-Jun-09
21-Jun-09
24-Jun-09
6-May-09
14-May-09
15-May-09
18-May-09
21-May-09
24-May-09
28-May-09
30-May-09
17-Jun-09
22-Jun-09
24-Feb-09
3-Mar-09
9-Mar-09
21-Mar-09
14-Jun-09
14-Jun-09
29-Jun-09
6-Jul-09
11-Jul-09
18-Jul-09
21-Jul-09
25-Jul-09
29-Jul-09
29-Jul-09
4-Aug-09
8-Aug-09
13-Aug-09
29-Jun-09
10-Jul-09
11-Jul-09
20-Aug-09
24-Aug-09
28-Aug-09
4-Sep-09
12-Sep-09
21-Sep-09
21-Sep-09
25-Sep-09
28-Sep-09
28-Sep-09
3-Oct-09
7-Oct-09
10-Oct-09
21-Nov-09
24-Nov-09
26-Nov-09
26-Nov-09
1-Dec-09
4-Dec-09
5-Dec-09
7-Dec-09
9-Dec-09
17-Dec-09
18-Dec-09
22-Dec-09
25-Dec-09
28-Nov-09
7-Jun-09
8-Jun-09
22-Jun-09
25-Jun-09
11-May-09 DANTATA/MRS DEPOT
19-Jun-09 DANTATA/MRS DEPOT
26-Feb-09 DANTATA/MRS DEPOT
6-Mar-09 DANTATA/MRS DEPOT
3-Jul-09 DANTATA/MRS DEPOT
6-Aug-09 DANTATA/MRS DEPOT
10-Sep-09 DANTATA/MRS DEPOT
4-Oct-09 DANTATA/MRS DEPOT
21-Nov-09 DANTATA/MRS DEPOT
27-Nov-09 MRS JETTY/MRS
2-Dec-09 MRS/MRS DEPOT
5-Dec-09 DANTATA/MRS DEPOT
30-Nov-09 MRS TERMINAL
20,841,442.00
21,054,929.00
20,666,561.00
20,893,609.00
20,286,930.00
20,744,729.00
20,741,822.00
20,391,761.00
20,590,213.00
18,727,235.00
20,864,632.00
23,114,591.00
22,877,733.00
19,550,938.00
12,997,788.00
7,378,778.00
19,819,473.00
21,184,502.00
3,377,634.00
17,738,991.00
21,076,787.00
22,509,361.00
20,814,970.00
1,309,786.00
22,738,153.00
21,250,012.00
16,921,785.00
2,979,717.00
1,747,885.00
17,781,865.00
20,401,184.00
22,808,362.00
17,718,029.00
22,456,441.00
22,809,424.00
8,721,592.00
14,484,673.00
23,047,377.00
5,129,196.00
17,793,631.00
22,128,743.00
7,942,219.00
19,755,868.00
19,587,796.58
22,403,588.15
13,770,059.00
6,405,553.00
11,615,935.10
22,775,350.90
20,681,821.93
21,093,569.27
18,146,029.82
22,605,855.20
20,671,040.29
22,607,249.84
19,755,808.00
22,220,707.93
21,921,930.00
20,939,954.00
2,352,850.00
19,774,402.00
65.39
70.03
70.03
70.03
70.03
70.03
70.03
70.03
79.33
79.33
55.53
55.53
55.53
55.53
70.03
79.33
86.43
86.43
86.43
86.43
86.43
86.43
86.43
83.46
83.46
83.46
83.46
86.43
79.33
86.43
83.46
88.80
88.80
92.81
92.81
92.81
92.81
92.81
92.81
88.55
88.55
92.81
88.80
92.51
92.51
92.51
92.51
92.51
91.01
91.01
91.01
91.01
92.51
92.51
92.96
92.96
92.51
79.33
79.33
86.43
86.43
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
13.59
18.23
18.23
18.23
18.23
18.23
18.23
18.23
27.53
27.53
3.73
3.73
3.73
3.73
18.23
27.53
34.63
34.63
34.63
34.63
34.63
34.63
34.63
31.66
31.66
31.66
31.66
34.63
27.53
34.63
31.66
37.00
37.00
41.01
41.01
41.01
41.01
41.01
41.01
36.75
36.75
41.01
37.00
40.71
40.71
40.71
40.71
40.71
39.21
39.21
39.21
39.21
40.71
40.71
41.16
41.16
40.71
27.53
27.53
34.63
34.63
283,235,197.00
383,831,356.00
376,751,407.00
380,890,492.00
369,830,734.00
378,176,410.00
378,123,415.06
371,741,803.00
566,848,563.89
515,560,780.00
77,825,077.36
86,217,424.43
85,333,944.09
72,924,998.74
236,949,675.24
203,137,758.34
686,348,349.99
733,619,304.26
116,967,465.42
614,301,258.33
729,889,133.81
779,499,171.43
720,822,411.10
41,467,824.76
719,889,923.98
672,775,379.92
535,743,713.10
103,187,599.71
48,119,274.05
615,785,984.95
645,901,485.44
843,909,394.00
655,567,073.00
920,938,645.41
935,414,478.24
357,672,487.92
594,016,439.73
945,172,930.77
210,348,327.96
653,915,939.25
813,231,305.25
325,710,401.19
730,967,116.00
797,419,198.77
912,050,073.59
560,579,101.89
260,770,062.63
472,884,717.92
893,021,508.79
810,934,237.88
827,078,851.08
711,505,829.24
920,284,365.19
841,518,050.21
930,514,403.41
813,149,057.28
904,605,019.83
603,510,732.90
576,476,933.62
81,479,195.50
684,787,541.26
E/09
E/09
E/09
E/09
E/09
E/09
E/09
E/09
E/09
E/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
G/09
G/09
G/09
G/09
G/09
G/09
H/09
H/09
H/09
H/09
H/09
H/09
H/09
I/09
I/09
I/09
J/09
J/09
J/09
J/09
J/09
J/09
J/09
J/09
J/09
J/09
J/09
J/09
J/09
K/09
F/09
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1-Jul-00
2-Jul-00
3-Jul-00
4-Jul-00
5-Jul-00
6-Jul-00
7-Jul-00
8-Jul-00
9-Jul-00
10-Jul-00
11-Jul-00
12-Jul-00
13-Jul-00
14-Jul-00
15-Jul-00
16-Jul-00
17-Jul-00
18-Jul-00
19-Jul-00
20-Jul-00
21-Jul-00
22-Jul-00
23-Jul-00
24-Jul-00
25-Jul-00
26-Jul-00
27-Jul-00
28-Jul-00
29-Jul-00
30-Jul-00
31-Jul-00
1-Aug-00
2-Aug-00
3-Aug-00
4-Aug-00
5-Aug-00
6-Aug-00
7-Aug-00
8-Aug-00
9-Aug-00
10-Aug-00
11-Aug-00
12-Aug-00
13-Aug-00
14-Aug-00
15-Aug-00
16-Aug-00
17-Aug-00
18-Aug-00
19-Aug-00
20-Aug-00
21-Aug-00
22-Aug-00
23-Aug-00
24-Aug-00
25-Aug-00
26-Aug-00
27-Aug-00
28-Aug-00
29-Aug-00
30-Aug-00
31-Aug-00
MRS OIL NIG. PLC
PMS
MRS OIL NIG. PLC
PMS
NIPCO PLC
PMS
NIPCO PLC
PMS
NIPCO PLC
PMS
NIPCO PLC
PMS
NORTHWEST PETROLEUM & GAS
PMS
LTD
PMS
LTD
PMS
LTD
PMS
LTD
PMS
LTD
PMS
LTD
PMS
LTD
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
Sada, Idris & Co.
MT FIDIAS
23-May-09 VENTSPILS
LATVIA
MT HESTIA
OFFSHORE LAGOS
26-Jun-09
MT ATTALYA
27-May-09 AMSTERDAM
WESTAF LAGOS
14-Jul-09
MT CHARALABOS
6-Mar-09 AMSTERDAM
NETHERLANDS MT LOVEL SEA
OFFSHORE LAGOS
25-Mar-09
MT CHARALABOS
6-Mar-09 AMSTERDAM
NETHERLANDS NA
OFFSHORE LAGOS
6-Mar-09
MT TIHEROULA
28-Mar-09 AMSTERDAM
NETHERLANDS MT EMERALD
OFFSHORE LAGOS
17-Apr-09
MT TIHEROULA
28-Mar-09 AMSTERDAM
NETHERLANDS NA
OFFSHORE LAGOS
28-Mar-09
MT GAMMA TANK
21-May-09 COTONOU
REPUBLIC OF BENIN
MT TRANSPORT
OFFSHORE COTONOU
28-May-09
MT MOUNT OLYMPUS 14-Jul-09 VENTSPILS
LATVIA
MT UNION BRAVE
OFFSHORE COTONOU
19-Aug-09
MT ROSA TOMASOS 10-Jul-09 ROTTERDAM
NETHERLANDS MT UNION BRAVE
OFFSHORE COTONOU
29-Jul-09
MT CHAMPION STAR 2-Sep-09 AMSTERDAM
NETHERLANDS MT HELI
OFFSHORE COTONOU
27-Sep-09
MT CHAMPION STAR 2-Sep-09 AMSTERDAM
NETHERLANDS MT HELI
COTONOU OFFSHORE
19-Oct-09
MT MOUNT OLYMPUS 1-Nov-09 AMSTERDAM
NETHERLANDS MT HELI
OFFSHORE COTONOU
19-Nov-09
MT BRO EDWARD
29-Nov-09 AMSTERDAM
NETHERLANDS MT HELI
COTONOU OFFSHORE
14-Dec-09
MT TORM AMAZON
9-Aug-08 LA SKHIRA
TUNISIA
MT FORTUNE
OFFSHORE COTONOU
23-Sep-08
MT ROSA TOMASOS 13-Aug-08 AMSTERDAM
NETHERLANDS MT POINTE CLAIRETTELAGOS
17-Oct-08
MT ROSA TOMASOS 13-Aug-08 AMSTERDAM
NETHERLANDS NA
LAGOS
13-Aug-08
MT NORTE
3-Jul-08 ASHKELON
ISRAEL
MT FANTASY I
OFFSHORE COTONOU
8-Nov-08
MT NORTE
3-Jul-08 ASHKELON
ISRAEL
MT FANTASY I
OFFSHORE COTONOU
8-Nov-08
MT NORDIC PIA
5-Jul-08 AMSTERDAM
NETHERLANDS MT ABAI
OFFSHORE COTONOU
5-Jul-08
MT NORDIC PIA
5-Jul-08 AMSTERDAM
NETHERLANDS MT ABAI
OFFSHORE COTONOU
15-Nov-08
MT HAIFA
4-Oct-08 ASHKELON
ISRAEL
MT PATRIOTIC
OFFSHORE COTONOU
28-Nov-08
MT HAIFA
4-Oct-08 ASHKELON
ISRAEL
MT UNION FORCE
OFFSHORE COTONOU
30-Nov-08
MT HAIFA
4-Oct-08 ASHKELON
ISRAEL
MT PATRIOTIC
OFFSHORE COTONOU
4-Dec-08
MT CALAFURIA
6-Oct-08 AMSTERDAM
NETHERLANDS MT FANTASY 1
OFFSHORE COTONOU
9-Dec-08
MT CALAFURIA
6-Oct-08 AMSTERDAM
NETHERLANDS MT PATRIOTIC
OFFSHORE COTONOU
11-Dec-08
MT CALAFURIA
6-Oct-08 AMSTERDAM
NETHERLANDS MT UNION FORCE
OFFSHORE COTONOU
7-Dec-08
MT LOMBARDIA
19-Jul-08 IMMINGHAM
UNITED KINGDOMMT FANTASY 1
OFFSHORE COTONOU
2-Oct-08
MT LIMERICK SPIRIT
7-Feb-09 MILFORD HAVEN UNITED KINGDOMMT ALICE EX MT LIMEROFFSHORE COTONOU
11-Mar-09
MT LIMERICK SPIRIT
7-Feb-09 MILFORD HAVEN UNITED KINGDOMMT KHATANGA EX MTOFFSHORE
LI
COTONOU
15-Mar-09
MT LIMERICK SPIRIT
7-Feb-09 MILFORD HAVEN UNITED KINGDOMMT ACHILLEAS
OFFSHORE COTONOU
23-Mar-09
MT SIMON
14-Feb-09 PETIT COURONNEFRANCE
MT HELLESPOINT CREATION
OFFSHORE
25-Apr-09
MT SIMON
14-Feb-09 PETIT COURONNEFRANCE
MT ACHILLEAS
OFFSHORE LAGOS
24-Apr-09
MT ROSA TOMASOS 24-Jan-09 ASHKELON
ISRAEL
NA
OFFSHORE COTONOU
24-Jan-09
MT ROSA TOMASOS 24-Jan-09 ASHKELON
ISRAEL
MT FANTASY 1 EX MT BONTO
OFFSHORE
EX MT
COTONOU
ROSA TOMASOS19-Feb-09
MT OZAY 5
6-May-09 ABIDJAN
IVORY COAST
NA
N/A
6-May-09
MT CRETE
2-May-09 AMSTERDAM
NETHERLANDS MT FANTASY 1 EX MT CRETE
OFFSHORE COTONOU
22-May-09
MT CRETE
2-May-09 AMSTERDAM
NETHERLANDS MT ABAI
OFFSHORE COTONOU
21-May-09
MT CRETE
2-May-09 AMSTERDAM
NETHERLANDS MT VERA CRUZ A EX MT
OFFSHORE
CRETE COTONOU
25-May-09
MT EMMANUEL TOMASOS
15-May-09 VENTSPILS
LATVIA
MT ABAI EX MT EMMANUEL
OFFSHORE
TOMASOS
COTONOU
2-Jun-09
MT EMMANUEL TOMASOS
15-May-09 VENTSPILS
LATVIA
NA
OFFSHORE COTONOU
15-May-09
MT AGISTRI
30-May-09 ABIDJAN
IVORY COAST
NA
N/A
30-May-09
MT CHARALABOS A 16-May-09 ASHKELON
ISRAEL
MT ACHILLEAS EX MT CHARALABOS
OFFSHORE COTONOU
A
15-Jun-09
MT CHARALABOS A 16-May-09 ASHKELON
ISRAEL
NA
OFFSHORE COTONOU
16-May-09
MT NORDMERKUR
16-Jun-09 AMSTERDAM
NETHERLANDS MT MAKHAMBET
OFFSHORE COTONOU
30-Jun-09
MT NORDMERKUR
16-Jun-09 AMSTERDAM
NETHERLANDS MT ACHILLEAS
OFFSHORE COTONOU
2-Jul-09
MT NORDMERKUR
16-Jun-09 AMSTERDAM
NETHERLANDS MT FANTASY 1
OFFSHORE COTONOU
9-Jul-09
MT TIHEROULA
18-Jun-09 ASHKELON
ISRAEL
NA
OFFSHORE COTONOU
18-Jun-09
MT TIHEROULA
18-Jun-09 ASHKELON
ISRAEL
MT ACHILLEAS
OFFSHORE COTONOU
14-Jul-09
MT MOSKALVO
27-Jun-09 AMSTERDAM
NETHERLANDS NA
OFFSHORE COTONOU
27-Jun-09
MT MOSKALVO
27-Jun-09 AMSTERDAM
NETHERLANDS MT HALIFAX
OFFSHORE COTONOU
15-Jul-09
MT COUGAR
25-Jun-09 ASHKELON
ISRAEL
NA
N/A
25-Jun-09
MT NORDMERKUR
16-Jun-09 AMSTERDAM
NETHERLANDS MT TRISTAR DUBAI OFFSHORE COTONOU
4-Jul-09
MT SILVERIE
31-Jul-09 AMSTERDAM
NETHERLANDS NA
N/A
31-Jul-09
MT FIDIAS
4-Aug-09 ASHKELON
ISRAEL
NA
N/A
4-Aug-09
MT NIKI
14-Jul-09 AMSTERDAM
NETHERLANDS NA
N/A
14-Jul-09
MT NIKI
14-Jul-09 AMSTERDAM
OFFSHORE COTONOU
7-Aug-09
MT NIKI
14-Jul-09 AMSTERDAM
NETHERLANDS MT SAPHINA
OFFSHORE COTONOU
11-Aug-09
MT KRITI AKTI
8-Aug-09 AMSTERDAM
NETHERLANDS MT MERIOM IRIS
OFFSHORE COTONOU
2-Sep-09
MT KRITI AKTI
8-Aug-09 AMSTERDAM
OFFSHORE COTONOU
30-Aug-09
MT VALROSSA
20-Aug-09 AMSTERDAM
NETHERLANDS MT BELISAIRE EX MT YASA
OFFSHORE
BODRUM
COTONOU
9-Sep-09
MT VALROSSA
20-Aug-09 AMSTERDAM
NETHERLANDS MT HALIFAX EX MT YASA
OFFSHORE
BODRUM
COTONOU
12-Sep-09
MT OCEAN ALLENMAR30-Aug-09 AMSTERDAM
NETHERLANDS MT SAPHINA
OFFSHORE COTONOU
20-Sep-09
27-Jun-09
15-Jul-09
28-Mar-09
9-Apr-09
29-Apr-09
23-Apr-09
20-Jun-09
26-Aug-09
2-Aug-09
1-Oct-09
24-Oct-09
22-Nov-09
16-Dec-09
6-Oct-08
22-Oct-08
2-Nov-08
10-Nov-08
12-Nov-08
17-Nov-08
22-Nov-08
29-Nov-08
2-Dec-08
7-Dec-08
11-Dec-08
14-Dec-08
17-Dec-08
9-Oct-08
14-Mar-09
20-Mar-09
26-Mar-09
28-Apr-09
25-Apr-09
20-Feb-09
30-Mar-09
9-May-09
26-May-09
26-May-09
26-May-09
5-Jun-09
5-Jun-09
16-Jun-09
20-Jun-09
16-Jun-09
4-Jul-09
7-Jul-09
11-Jul-09
16-Jul-09
18-Jul-09
18-Jul-09
29-Jul-09
1-Aug-09
5-Jul-09
20-Aug-09
21-Aug-09
20-Aug-09
23-Aug-09
25-Aug-09
1-Sep-09
6-Sep-09
11-Sep-09
16-Sep-09
23-Sep-09
21,217,836.00
21,103,234.00
30-Mar-09 PWA
17,698,453.00
11-Apr-09 PWA
23,041,688.00
3-May-09 NIPCO
17,564,382.00
25-Apr-09 NIPCO
27,327,402.00
29-Jun-09 NEWPORT JETTY/NORTHWEST 16,296,146.00
29-Aug-09 NORTHWEST DEPOT, CALABAR 13,058,858.00
6-Aug-09 NORTHWEST DEPOT, CALABAR 13,330,570.00
6-Oct-09 NORTHWEST DEPOT, CALABAR 18,562,331.00
28-Oct-09 NORTHWEST DEPOT, CALABAR 18,138,700.00
26-Nov-09 NORTHWEST DEPOT, CALABAR 17,540,908.00
16-Dec-09 NORTHWEST STORAGE TERMINAL
19,867,388.37
CALABER
19-Oct-08 OANDO APAPA
35,919,200.00
5,397,076.00
2-Nov-08 OANDO APAPA
34,384,885.00
27,519,638.00
15-Nov-08 OANDO PORTHARCOURT
16,446,975.00
30,525,716.00
13,422,327.00
1-Dec-08 OANDO PORTHARCOURT
10,994,929.00
5-Dec-08 OANDO APAPA
20,056,253.00
12,863,436.00
14,758,814.00
13,848,899.00
17-Dec-08 OANDO PORTHARCOURT
13,319,715.00
24-Oct-08 IBRU
13,838,303.00
21-Mar-09 OANDO APAPA
39,283,487.00
22-Mar-09 OANDO PORTHARCOURT
15,258,716.00
30-Mar-09 OANDO PORTHARCOURT
17,025,316.00
30-Apr-09 OANDO PORTHARCOURT
9,234,708.00
1-May-09 OANDO APAPA
31,874,920.00
23-Feb-09 OANDO APAPA
13,697,176.00
30-Mar-09 IBRU
5,451,815.00
10-May-09 OANDO APAPA
4,062,729.00
27-May-09 OANDO PORTHARCOURT
5,497,059.00
29-May-09 ASCON STORAGE DEPOT APAPA13,681,973.00
2-Jun-09 OANDO APAPA
28,857,397.00
6-Jun-09 LISTER
9,389,761.00
32,499,531.00
4,002,597.00
23-Jun-09 OANDO PORTHARCOURT
20,355,445.00
24,919,753.00
8-Jul-09 IBRU JETTY/DEPOT APAPA
13,440,700.00
10-Jul-09 BOP APAPA OANDO(JV)
20,170,724.00
13-Jul-09 OANDO PORTHARCOURT
9,238,885.00
21-Jul-09 OANDO APAPA
28,787,215.00
21-Jul-09 OANDO PORTHARCOURT
20,482,545.00
24,323,849.00
1-Aug-09 OANDO PORTHARCOURT
20,259,220.00
8-Aug-09 OANDO APAPA
44,855,607.00
37,835,030.00
20-Aug-09 OANDO APAPA
44,854,733.00
23-Aug-09 FOLAWIYO DEPOT APAPA
45,372,857.00
24-Aug-09 OANDO JV
17,933,150.00
26-Aug-09 OANDO PORTHARCOURT
20,097,986.00
27-Aug-09 ASCON STORAGE DEPOT APAPA 5,909,378.00
9-Sep-09 TOTAL & MOBIL
27,161,359.00
9-Sep-09 OANDO PORTHARCOURT
17,557,400.00
12-Sep-09 OANDO APAPA
5,262,089.00
19-Sep-09 OANDO PORTHARCOURT
19,523,710.00
25-Sep-09 IBRU
6,990,240.00
86.43
86.43
56.57
53.95
64.16
61.53
86.95
83.98
83.98
89.07
89.07
93.03
91.53
106.13
107.19
106.13
115.03
116.06
115.03
116.06
91.38
90.86
90.86
90.86
90.86
91.38
114.67
55.53
56.03
56.03
56.03
55.53
53.82
55.53
67.41
70.55
70.03
70.03
79.85
76.71
83.80
79.85
76.71
89.12
89.12
89.64
86.49
89.64
80.83
83.98
80.83
89.12
86.17
86.17
80.83
83.98
83.46
88.80
89.32
92.81
93.33
88.55
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
34.63
34.63
4.77
2.15
12.36
9.73
35.15
32.18
32.18
37.27
37.27
41.23
39.73
49.33
50.39
49.33
58.23
59.26
58.23
59.26
34.58
34.06
34.06
34.06
34.06
34.58
57.87
3.73
4.23
4.23
4.23
3.73
2.02
3.73
15.61
18.75
18.23
18.23
28.05
24.91
32.00
28.05
24.91
37.32
37.32
37.84
34.69
37.84
29.03
32.18
29.03
37.32
34.37
34.37
29.03
32.18
31.66
37.00
37.52
41.01
41.53
36.75
734,773,660.68
730,804,993.42
84,421,620.81
49,539,629.20
217,095,761.52
265,895,621.46
572,809,532.00
420,234,050.44
428,977,742.60
691,818,076.37
676,029,349.00
723,211,636.84
789,331,339.94
1,771,894,136.00
271,958,659.64
1,696,206,377.05
1,602,468,520.74
974,647,738.50
1,777,512,442.68
795,407,098.02
380,204,644.82
683,115,977.18
438,128,630.16
502,685,204.84
471,693,499.94
460,595,744.70
800,822,594.61
146,527,406.51
64,544,368.68
72,017,086.68
39,062,814.84
118,893,451.60
27,668,296.00
20,335,270.00
63,419,200.00
103,069,856.00
249,422,368.00
526,069,858.00
263,382,796.00
809,563,317.00
128,083,104.00
570,970,232.00
620,751,047.00
501,606,924.00
752,771,419.68
349,599,408.40
998,628,488.35
775,059,502.80
706,121,336.47
651,941,699.60
1,302,158,271.21
1,412,003,319.60
1,541,657,173.21
1,559,465,095.09
520,599,344.50
646,753,189.48
187,090,907.48
1,004,970,283.00
658,753,648.00
215,798,269.89
810,819,676.30
256,891,320.00
G/09
G/09
C/09
C/09
D/09
F/09
E/09
G/09
H/09
H/09
I/09
J/09
J/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
B/09
C/09
C/09
D/09
D/09
D/09
E/09
E/09
E/09
E/09
E/09
E/09
E/09
E/09
E/09
E/09
E/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
F/09
G/09
G/09
G/09
G/09
G/09
G/09
H/09
H/09
H/09
H/09
H/09
Page | 57
1-Sep-00
2-Sep-00
3-Sep-00
4-Sep-00
5-Sep-00
6-Sep-00
7-Sep-00
8-Sep-00
9-Sep-00
10-Sep-00
11-Sep-00
12-Sep-00
13-Sep-00
14-Sep-00
15-Sep-00
16-Sep-00
17-Sep-00
18-Sep-00
19-Sep-00
20-Sep-00
21-Sep-00
22-Sep-00
23-Sep-00
24-Sep-00
25-Sep-00
26-Sep-00
27-Sep-00
28-Sep-00
29-Sep-00
30-Sep-00
1-Oct-00
2-Oct-00
3-Oct-00
4-Oct-00
5-Oct-00
6-Oct-00
7-Oct-00
8-Oct-00
9-Oct-00
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
TONIQUE OIL SERVICES LTD PMS
TOTAL NIGERIA PLC
PMS
TOTAL NIGERIA PLC
PMS
TOTAL NIGERIA PLC
PMS
TOTAL NIGERIA PLC
PMS
TOTAL NIGERIA PLC
PMS
TOTAL NIGERIA PLC
PMS
Sada, Idris & Co.
MT VALROSSA
20-Aug-09 AMSTERDAM
NETHERLANDS MT YASA BODRUM OFFSHORE COTONOU
5-Sep-09 22-Sep-09
MT OCEAN ALLENMAR30-Aug-09 AMSTERDAM
NETHERLANDS MT ST GABRIEL
OFFSHORE COTONOU
18-Sep-09 24-Sep-09
MT KRITI PALM
6-Sep-09 ASHKELON
ISRAEL
MT HALIFAX
OFFSHORE COTONOU
28-Sep-09 30-Sep-09
MT KRITI PALM
6-Sep-09 ASHKELON
ISRAEL
MT W.S ENTERPRISE OFFSHORE COTONOU
29-Sep-09 16-Oct-09
MT CHELSEA
24-May-08 ARUBA
ARUBA
MT ALIA
OFFSHORE COTONOU
27-Aug-08 27-Aug-08
MT CHELSEA
23-Sep-08 COTONOU
REPUBLIC OF BENIN
MT ALIA
OFFSHORE COTONOU
23-Sep-08 26-Sep-08
MT LOVELLSEA
6-Jul-08 MALTA
MALTA
MT ALIA
OFFSHORE COTONOU
20-Nov-08 23-Nov-08
MT LOVELLSEA
6-Jul-08 MALTA
MALTA
MT MARS T
OFFSHORE COTONOU
22-Nov-08 28-Nov-08
MT CHELSEA
4-Aug-08 RIJEKA
CROATIA
MT ALIA
OFFSHORE COTONOU
28-Nov-08 1-Dec-08
MT ANDROMEDA
4-Aug-08 CROATIA
CROATIA
MT ALIA
OFFSHORE LAGOS
6-Dec-08 7-Dec-08
MT ANDROMEDA
4-Aug-08 CROATIA
CROATIA
MT MARS T
OFFSHORE LAGOS
2-Dec-08 5-Dec-08
MT IBLEA
3-Jul-08 CROATIA
CROATIA
MT ALIA
OFFSHORE COTONOU
14-Jan-09 14-Jan-09
MT IBLEA
3-Jul-08 CROATIA
CROATIA
MT AGISTRI
OFFSHORE COTONOU
9-Jan-09 22-Jan-09
MT KRITI FILOXENIA 24-May-08 ARUBA
ARUBA
MT ALIA
OFFSHORE COTONOU
8-Aug-08 21-Aug-08
MT HIGH CONSENSUS 19-Apr-09 KLAIPEDA
LITHUANIA
MT AOG CARIBE
OFFSHORE COTONOU
10-May-09 11-May-09
MT TORM ESBJERG
ITALY AUGUSTAMT AOG CARIBE
OFFSHORE COTONOU
16-May-09 17-May-09
MT SALAMIS
4-May-09 MILFORD HAVEN UNITED KINGDOMMT AOG CARIBE EX MTOFFSHORE
AOG MARLIN
COTONOU
21-May-09 23-May-09
MT SALAMIS
4-May-09 MILFORD HAVEN UNITED KINGDOMMT AOG EXPLORER EXOFFSHORE
MT AOG MARLIN
COTONOU
23-May-09 26-May-09
MT SALAMIS
4-May-09 MILFORD HAVEN UNITED KINGDOMMT AOG CARIBE EX MTOFFSHORE
AOG MARLIN
COTONOU
27-May-09 30-May-09
MT SALAMIS
4-May-09 MILFORD HAVEN UNITED KINGDOMMT AOG EXPLORER EXOFFSHORE
MT AOG MARLIN
COTONOU
EX MT SALAMIS
30-May-09 2-Jun-09
MT PACIFIC TOURMALINE
20-May-09 FUJAIRAH
MT AOG EXPLORER EXOFFSHORE
MT AOG MARLIN
COTONOU
EX MT PACIFIC
13-Jun-09
TOURMALINE
12-Jun-09
20-May-09 FUJAIRAH
MT AOG MARLIN
COTONOU
EX MT PACIFIC
23-Jun-09
TOURMALINE
22-Jun-09
20-May-09 FUJAIRAH
MT TRADEWIND ADVENTURE
OFFSHORE
EX MT
COTONOU
AOG MARLIN 15-Jun-09 2-Jul-09
20-May-09 FUJAIRAH
MT AOG CARIBE EX MTOFFSHORE
AOG MARLIN
COTONOU
EX MT PACIFIC TOURMALINE
26-Jun-09 4-Jul-09
20-May-09 FUJAIRAH
MT AOG MARLIN
COTONOU
EX MT PACIFIC2-Jul-09
TOURMALINE
8-Jul-09
MT LAKATAMIA
2-Jul-09 KLAIPEDA
LITHUANIA
MT AOG EXPLORER OFFSHORE COTONOU
2-Aug-09 7-Aug-09
MT VERA CRUZ A
15-Jun-09 AMSTERDAM
NETHERLANDS MT XIFIAS
OFFSHORE LAGOS
1-Jul-09 25-Jul-09
MT MOUNT OLYMPUS 14-Jul-09 VENTSPILS
LATVIA
MT BEAVER
OFFSHORE COTONOU
8-Aug-09 16-Aug-09
MT PACIFIC RUBY
18-Aug-09 AMSTERDAM
OFFSHORE COTONOU
9-Sep-09 30-Sep-09
MT PACIFIC RUBY
18-Aug-09 AMSTERDAM
NETHERLANDS MT BEAVER
OFFSHORE COTONOU
14-Sep-09 16-Sep-09
MT F.D NORD FARER 7-Dec-09 AMSTERDAM
NETHERLANDS MT FD NORD FARER LAGOS
7-Dec-09 22-Dec-09
MT PACIFIC RUBY
18-Aug-09 AMSTERDAM
OFFSHORE COTONOU
9-Sep-09 30-Sep-09
MT MISTRAL
19-Jan-09 ABIDJAN
IVORY COAST
NA
NA
19-Jan-09 3-Mar-09
MT MELIDE
3-Nov-08 IMMINGHAM
UNITED KINGDOMNA
NA
3-Nov-08 17-Nov-08
MT KRASLAVA
22-Feb-09 IMMINGHAM
UNITED KINGDOMNA
NA
22-Feb-09 9-Mar-09
MT TORM CECILIE
12-May-09 DONGES
FRANCE
NA
NA
12-May-09 27-May-09
MT FUREVIK
24-Jun-09 DONGES
FRANCE
NA
NIL
24-Jun-09 17-Jul-09
MT STENA PERROS 30-Aug-09 IMMINGHAM
UNITED KINGDOMNA
NA
30-Aug-09 15-Sep-09
MT MALBEC
26-Nov-09 IMMINGHAM
UNITED KINGDOMNA
N/A
26-Nov-09 11-Dec-09
28-Sep-09 PWA APAPA PETROLEUM WHARF
18,033,386.00
APAPA
38,043,038.00
3-Oct-09 OANDO PORTHARCOURT
20,594,590.00
19-Oct-09 PWA
24,673,710.00
28-Aug-08 RAHAMANIYYA STORAGE DEPOT,5,395,376.00
APAPA
27-Sep-08 RAHAMANIYYA STORAGE DEPOT,5,427,145.00
APAPA
23-Nov-08 RAHAMANIYYA STORAGE DEPOT,5,309,150.00
APAPA
29-Nov-08 RAHAMANIYYA STORAGE DEPOT,6,623,290.00
APAPA
1-Dec-08 RAHAMANIYYA STORAGE DEPOT,5,330,462.00
APAPA
APAPA
APAPA
15-Jan-09 RAHAMANIYYA STORAGE DEPOT,5,272,348.00
APAPA
27-Jan-09 RAHAMANIYYA STORAGE DEPOT,5,340,711.00
APAPA
22-Aug-08 RAHAMANIYYA STORAGE DEPOT,5,316,431.00
APAPA
13-May-09 RAHAMANIYYA STORAGE DEPOT,13,197,419.00
APAPA
APAPA
APAPA
APAPA
APAPA
4-Jun-09 RAHAMANIYYA STORAGE DEPOT,9,826,400.00
APAPA
APAPA
APAPA
5-Jul-09 BOP/RAHAMANIYYA
12,611,071.00
6-Jul-09 RAHAMANIYYA STORAGE DEPOT,13,889,428.00
APAPA
9-Jul-09 RAHAMANIYYA STORAGE DEPOT,5,937,405.00
APAPA
8-Aug-09 BEACHLAND/RAHAMANIYYA
7,856,244.00
28-Jul-09 BOP HONEYWELL
19,774,094.00
17-Aug-09 BOP
21,126,918.00
6-Oct-09 BOP
20,245,245.00
9-Oct-09 FOLAWIYO DEPOT APAPA
21,323,748.00
22-Dec-09 LISTER STORAGE
40,802,066.00
1-Oct-09 BOP
2,434,989.14
5-Mar-09 OBAT
5,171,360.00
22-Nov-08 FOLAWIYO/TOTAL
36,815,416.00
12-Mar-09 FOLAWIYO/TOTAL
36,611,592.00
30-May-09 FOLAWIYO/TOTAL
34,073,799.00
18-Jul-09 FOLAWIYO/TOTAL
35,925,593.00
18-Sep-09 FOLAWIYO/TOTAL
40,203,792.00
16-Dec-09 FOLAWIYO/TOTAL
35,496,697.78
92.81
88.55
89.07
88.55
112.85
112.85
116.06
116.06
111.63
107.19
107.19
116.06
116.06
112.85
65.39
70.03
70.03
70.03
70.03
70.03
79.33
79.33
79.33
79.33
79.33
83.46
89.12
83.46
92.81
92.81
88.38
92.81
52.55
58.85
53.95
67.41
80.83
85.91
88.38
51.80
51.80
51.80
51.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
56.80
51.80
56.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
56.80
51.80
51.80
51.80
51.80
51.80
41.01
36.75
37.27
36.75
56.05
56.05
59.26
59.26
54.83
50.39
50.39
59.26
64.26
56.05
13.59
18.23
18.23
18.23
18.23
18.23
27.53
27.53
27.53
27.53
27.53
31.66
37.32
31.66
31.01
31.01
36.58
41.01
0.75
2.05
2.15
15.61
29.03
34.11
36.58
739,549,159.86
1,398,081,646.50
767,560,369.30
906,758,842.50
302,410,824.80
304,191,477.25
314,620,229.00
392,496,165.40
292,269,231.46
246,288,129.21
325,762,632.53
312,439,342.48
343,194,088.86
297,985,957.55
179,352,924.21
243,912,569.05
241,199,361.69
191,272,587.24
243,291,436.49
179,135,272.00
302,826,559.00
228,931,331.00
347,182,785.00
382,375,953.00
163,456,760.00
248,728,685.04
737,969,188.08
668,878,223.88
830,257,497.45
874,486,905.48
1,492,539,574.28
99,858,904.63
3,878,520.00
75,471,602.80
78,714,922.80
531,892,002.39
1,042,919,964.79
1,371,351,328.07
1,298,469,204.79
158,266,932,943.34
H/09
H/09
I/09
I/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
B/09
D/09
D/09
D/09
D/09
D/09
E/09
E/09
E/09
E/09
E/09
E/09
F/09
G/09
G/09
I/09
I/09
J/09
K/09
B/09
A/09
C/09
D/09
F/09
I/09
J/09
Page | 58
B.
SNO.
1-Jan-00
2-Jan-00
3-Jan-00
4-Jan-00
5-Jan-00
6-Jan-00
7-Jan-00
8-Jan-00
9-Jan-00
10-Jan-00
11-Jan-00
12-Jan-00
13-Jan-00
14-Jan-00
15-Jan-00
16-Jan-00
17-Jan-00
18-Jan-00
19-Jan-00
20-Jan-00
21-Jan-00
22-Jan-00
23-Jan-00
24-Jan-00
25-Jan-00
26-Jan-00
27-Jan-00
28-Jan-00
29-Jan-00
30-Jan-00
31-Jan-00
1-Feb-00
2-Feb-00
3-Feb-00
4-Feb-00
5-Feb-00
6-Feb-00
7-Feb-00
8-Feb-00
9-Feb-00
10-Feb-00
11-Feb-00
12-Feb-00
Details of Subsidy Paid On DPK By PPPRA in 2009
DV TRANS REF
MARKETER
PRODUCT MOTHER VESSEL
AZ/197/WAZ/HHK/25/04/09
A–Z PETROLEUM PRODUCTS LTDHHK
AZ/198/WAZ/HHK/26/04/09
AZ/196/WAZ/HHK/07/05/09
AZ/381/WAZ/HHK/29/05/09
AZ/379/WAZ/HHK/05/06/09
AZ/382/WAZ/HHK/08/06/09
AZ/380/WAZ/HHK/23/06/09
AZ/378/NEW/HHK/03/07/09 A–Z PETROLEUM PRODUCTS LTDHHK
AC/516/IBR/HHK/27/11/08
ACORN PETROLEUM PLC
HHK
AC/150/IBR/HHK/16/03/09
ACORN PETROLEUM PLC
HHK
AC/163/HYD/HHK/14/04/09
ACORN PETROLEUM PLC
HHK
AC/169/HYD/HHK/22/04/09
ACORN PETROLEUM PLC
HHK
AC/215/IBR/HHK/28/04/09
ACORN PETROLEUM PLC
HHK
AC/216/DEE/HHK/22/03/09
ACORN PETROLEUM PLC
HHK
AIT/508/NOH/HHK/12/01/09 AITEO ENERGY RESOURCES LTD HHK
AIT/506/NPA/HHK/10/02/09 AITEO ENERGY RESOURCES LTD HHK
AIT/155/WAZ/HHK/26/02/09 AITEO ENERGY RESOURCES LTD HHK
AIT/140/WAZ/HHK/27/02/09 AITEO ENERGY RESOURCES LTD HHK
DEE/470/DEE/HHK/21/11/08 DEE JONES PETROLEUM & GAS LTD
HHK
FOL/524/IBR/HHK/18/12/08
FOLAWIYO ENERGY LTD
HHK
AP/484/PWA/HHK/12/12/08 FORTE OIL PLC (FORMERLY AP PLC)
HHK
AP/492/IBR/HHK/13/12/08
HHK
AP/491/IBR/HHK/29/12/08
HHK
AP/179/IBR/HHK/21/08/08
HHK
AP/177/BOP/HHK/19/09/08
HHK
AP/178/DEE/HHK/22/09/08
HHK
AP/176/IBR/HHK/10/02/09
HHK
AP/185/NEW/HHK/13/02/09 FORTE OIL PLC (FORMERLY AP PLC)
HHK
AP/186/NEW/HHK/17/04/09 FORTE OIL PLC (FORMERLY AP PLC)
HHK
AP/190/IBR/HHK/20/04/09
HHK
IMAD/480/NEW/HHK/12/11/08 IMAD OIL & GAS LTD
HHK
HHK
IMAD/162/IBR/HHK/19/01/09 IMAD OIL & GAS LTD
HHK
HHK
HHK
HHK
MAT/148/WAZ/HHK/15/03/09 MATRIX ENERGY LTD
HHK
MRS/225/DAN/HHK/05/02/09 MRS OIL & GAS COMPANY LTD HHK
Sada, Idris & Co.
MOTHER
VESSEL BL
DATE
MT FAITHFUL
MT FAITHFUL
MT FAITHFUL
MT NARODNY BRIDGE
MT NARODNY BRIDGE
MT NARODNY BRIDGE
MT NARODNY BRIDGE
MT NARODNY BRIDGE
MT SUMMIT ASIA
MT HISTRIA PRINCE
MT CONTI GREENLAND
MT CONTI GREENLAND
MT CONTI GREENLAND
MT FREJA BREEZE
MT FREJA BREEZE
MT FREJA BREEZE
MT BRO PREMIUM
MT BRO PREMIUM
MT SAMHO CORDELIA
MT STX ACE 1
MT MARE DI NAPOLI/KRITON
MT SETO EXPRESS
MT BRIGHT EXPRESS
MT BRIGHT EXPRESS
MT FR8 ENDURANCE
MT BRIGHT EXPRESS
MT FR8 ENDURANCE
MT FR8 ENDURANCE
MT DUKHAN
MT SAINT MARY
MT SAINT MARY
MT SAINT MARY
MT HIOTISSA
MT HIOTISSA
MT HISTRIA PRINCE
MT ZYGI
MT ZYGI
MT ZYGI
MT TIMASHEVSK
MT TIMASHEVSK
MT TIMASHEVSK
PORT OF LOADING
COUNTRY OF ORIGIN DV NAME
PORT OF
TRANSHIPMENT
17-Mar-09 AMUAY BAY PORT
VENEZUELA
MT POKATFINN 1 OFFSHORE COTONOU
VENEZUELA
MT ARCTURUS
OFFSHORE COTONOU
VENEZUELA
MT TREASURE
OFFSHORE COTONOU
13-Mar-09 JEBEL ALI
MT NESCALL (1ST DISCHARGE)
OFFSHORE COTONOU
13-Mar-09 JEBEL ALI
MT SAPHINA (1ST DISCHARGE)
OFFSHORE COTONOU
13-Mar-09 JEBEL ALI
MT NESCALL (2ND DISCHARGE)
OFFSHORE COTONOU
13-Mar-09 JEBEL ALI
MT SAPHINA (2ND OFFSHORE
DISCHARGE)
COTONOU
13-Mar-09 JEBEL ALI
MT KRISTINA THERESA
OFFSHORE COTONOU
30-Aug-08 DAESAN
SOUTH KOREA
MT UNION FORCE OFFSHORE COTONOU
26-Feb-09 ABIDJAN
IVORY COAST
MT HELI
OFFSHORE COTONOU
27-Feb-09 AMUAY BAY PORT
VENEZUELA
BARGE HESTIA EX MT
Offshore
H
Lagos
VENEZUELA
MT TRADEWIND HOPE
OFFSHORE
EX
COTONOU
VENEZUELA
MT HELI EX CONTI GREENLAND
OFFSHORE COTONOU
26-Aug-08 TEXAS CITY, TEXAS
UNITED STATES OF AMERICA
MT TANK OIL
OFFSHORE COTONOU
16-Jul-08 TEXAS CITY & EMMASTAD PORT,
NETHERLANDS
CURACAOANTILLES
MT VERA CRUZA OFFSHORE LAGOS
16-Jul-08 TEXAS CITY & EMMASTAD PORT,
NETHERLANDS
CURACAOANTILLES
MT SIMBEX
OFFSHORE COTONOU
17-Oct-08 EMMASTAD PORT, CURACAO
NETHERLANDS ANTILLES
MT ALPINE QUEEN LAGOS
EX M OFFSHORE
MT PLUTO EX MT LEO
LAGOS OFFSHORE
30-Sep-08 ABIDJAN
IVORY COAST
NA
LAGOS
30-Aug-08 DAESAN
SOUTH KOREA
MT EMERALD
OFFSHORE LAGOS
7-Aug-08 HOUSTON, TEXAS
MT NANA
LAGOS OFFSHORE
MT VANIN
LAGOS OFFSHORE
MT KRITON
LAGOS OFFSHORE
14-Jun-08 TEXAS
MT NANA
OFFSHORE LAGOS
1-Jul-08 ST. CROIX
US VIRGIN ISLANDS MT NANA
OFFSHORE LAGOS
1-Jul-08 ST. CROIX
US VIRGIN ISLANDS MT VANIN
OFFSHORE LAGOS
2-Oct-08 ST. CROIX
US VIRGIN ISLANDS MT VANIN
OFFSHORE LAGOS
1-Jul-08 ST. CROIX
US VIRGIN ISLANDS MT NANA
OFFSHORE LAGOS
2-Oct-08 ST. CROIX
US VIRGIN ISLANDS MT NANA EX KRITON
OFFSHORE
EX
LAGOS
2-Oct-08 ST. CROIX
US VIRGIN ISLANDS MT KRITON
OFFSHORE LAGOS
12-Aug-08 AMUAY BAY PORT
VENEZUELA
MT PROVIDENCE OFFSHORE COTONOU
22-Oct-08 ABIDJAN
IVORY COAST
MT SIEMPRE ADORADO
OFFSHORE COTONOU
22-Oct-08 ABIDJAN
IVORY COAST
MT PLUTO
OFFSHORELAGOS
22-Oct-08 ABIDJAN
IVORY COAST
MT EMERALD
OFFSHORE COTONOU
13-Oct-08 SKIKDA
ALGERIA
MT LOVELL SEA OFSHORE COTONUO
13-Oct-08 SKIKDA
ALGERIA
MT EMERALD
OFFSHORE COTONUO
26-Feb-09 ABIDJAN
IVORY COAST
MT SEA PIONEER OFF COTONOU
13-Oct-08 ALEXANDRIA
EGYPT
MT RHEA 1 EX MT SKAWHEGAN
OFFSHORE LAGOS
EGYPT
OFFSHORE LAGOS
EGYPT
OFFSHORE LAGOS
28-Oct-08 SANFRANCISCO
MT RHEA 1
OFFSHORE LAGOS
MT MNEMOSYNE OFFSHORE LAGOS
MT RHEA 2
OFFSHORE LAGOS
DV BL DATE NOR DATE
4-Apr-09
10-Apr-09
13-Apr-09
24-May-09
26-May-09
2-Jun-09
6-Jun-09
19-Jun-09
17-Nov-08
28-Feb-09
4-Apr-09
29-Mar-09
19-Mar-09
8-Feb-09
25-Oct-08
29-Oct-08
10-Feb-09
10-Feb-09
30-Sep-08
24-Nov-08
17-Dec-08
31-Aug-08
8-Oct-08
29-Jul-08
27-Aug-08
31-Aug-08
25-Jan-09
16-Nov-08
17-Feb-09
1-Jan-09
12-Aug-08
28-Oct-08
10-Jan-09
5-Jan-09
6-Mar-09
28-Feb-09
6-Mar-09
30-Jan-09
5-Feb-09
12-Feb-09
3-Mar-09
10-Mar-09
14-Mar-09
DATE OF
PORT OF DISCHARGE
DISCHARGE
DISCHARGE DEPOT
9-Apr-09 25-Apr-09 WAZIRI JETTY, APAPA
WAZIRI/ A-Z DEPOT APAPA
21-Apr-09 26-Apr-09 WAZIRI JETTY, APAPA
WAZIRI/ A-Z DEPOT APAPA
3-May-09 7-May-09 WAZIRI JETTY, APAPA
WAZIRI DEPOT
26-May-09 29-May-09 WAZIRI JETTY, APAPA
WAZIR JETTY/A-Z TERMINAL
31-May-09
5-Jun-09 WAZIRI JETTY, APAPA
WAZIRI JETTY/A-Z
26-May-09
8-Jun-09 WAZIRI JETTY, APAPA
WAZIRI JETTY/A-Z
20-Jun-09 23-Jun-09 WAZIRI JETTY, APAPA
WAZIRI JETTY/A-Z
30-Jun-09
3-Jul-09 NEW OIL JETTY, APAPA
NOJ/A-Z
24-Nov-08 27-Nov-08 IBRU JETTY, APAPA
IBRU
12-Mar-09 16-Mar-09 IBRU JETTY, APAPA
IBRU
10-Apr-09 14-Apr-09 HYDEN JETTY, IJORA
ACORN/IBRU
11-Apr-09 22-Apr-09 HYDEN JETTY, IJORA
APAPA
24-Apr-09 28-Apr-09 IBRU JETTY, APAPA
IBRU/ACORN
21-Mar-09 22-Mar-09 DEE JONES JETTY, BEACHLAND
DEE ESTATE
JONES DEPOT
19-Dec-08 12-Jan-09 NOH, PH
NPA/ABONNEMA
5-Feb-09 10-Feb-09 NPA BERTH 8 JETTY, PHC NPA
24-Feb-09 26-Feb-09 WAZIRI JETTY, APAPA
WAZIRI DEPOT
13-Feb-09 27-Feb-09 WAZIRI JETTY, APAPA
WAZIRI/A-Z DEPOT
18-Nov-08 21-Nov-08 DEE JONES JETTY, BEACHLAND
DEE ESTATE
JONES DEPOT
18-Dec-08 18-Dec-08 IBRU JETTY, APAPA
IBRU/FOLAWIYO
12-Dec-08 12-Dec-08 PWA JETTY, APAPA
PWA
10-Oct-08 13-Dec-08 IBRU JETTY, APAPA
IBRU
29-Dec-08 29-Dec-08 IBRU JETTY, APAPA
IBRU
18-Aug-08 21-Aug-08 IBRU JETTY, APAPA
IBRU
14-Sep-08 19-Sep-08 BOP JETTY, APAPA
BOP
12-Sep-08 22-Sep-08 DEE JONES JETTY, BEACHLAND
DEE ESTATE
JONES DEPOT
25-Jan-09 10-Feb-09 IBRU JETTY, APAPA
IBRU JETTY/ZENON 11
9-Feb-09 13-Feb-09 NEW OIL JETTY, APAPA
NOJ
13-Apr-09 17-Apr-09 NEW OIL JETTY, APAPA
NOJ
19-Apr-09 20-Apr-09 IBRU JETTY, APAPA
ZENON 2
17-Oct-08 12-Nov-08 NEW OIL JETTY, APAPA
NOJ
2-Dec-08 10-Dec-08 NEW OIL JETTY, APAPA
NOJ/IMAD
16-Jan-09 19-Jan-09 IBRU JETTY, APAPA
23-Feb-09 26-Feb-09 NEW OIL JETTY, APAPA
NOJ/TOTAL
10-Mar-09 15-Mar-09 NEW OIL JETTY, APAPA
NOJ/IMAD
5-Apr-09 12-Apr-09 NEW OIL JETTY, APAPA
NEW/IMAD
5-Mar-09 15-Mar-09 WAZIRI JETTY, APAPA
EURAFIC DEPOT
31-Jan-09
5-Feb-09 DANTATA JETTY, TIN CAN DANTATA/MRS DEPOT
7-Feb-09 10-Feb-09 DANTATA JETTY, TIN CAN DANTATA/MRS DEPOT
13-Feb-09 19-Feb-09 DANTATA JETTY, TIN CAN DANTATA/MRS DEPOT
8-Mar-09 10-Mar-09 DANTATA JETTY, TIN CAN DANTATA/MRS DEPOT
AUDITED QNTY
DISCHARGED
6,064,625.00
6,163,578.00
6,337,753.00
6,917,113.00
7,573,933.00
6,905,670.00
4,903,256.00
12,511,442.00
12,374,409.00
13,278,218.00
16,032,957.00
6,280,359.00
18,175,948.00
6,200,542.00
30,831,102.00
12,465,107.00
5,450,755.00
6,787,977.00
12,422,778.00
13,657,909.00
16,323,408.00
5,741,251.00
16,160,340.00
9,459,783.00
11,255,519.00
5,841,048.00
5,714,713.00
16,072,971.00
16,159,362.00
14,553,484.00
19,293,798.00
20,610,344.00
5,455,551.00
7,321,608.00
20,890,818.26
17,303,777.57
6,507,450.00
12,438,018.00
12,535,663.00
12,438,715.00
14,029,785.00
14,390,403.00
13,350,739.00
START PERIOD
1-Mar-09
1-Mar-09
1-Mar-09
14-Feb-09
14-Feb-09
14-Feb-09
14-Feb-09
14-Feb-09
14-Aug-08
14-Feb-09
14-Feb-09
14-Feb-09
14-Feb-09
14-Aug-08
1-Jul-08
1-Jul-08
1-Oct-08
1-Oct-08
14-Sep-08
14-Aug-08
1-Dec-08
14-Jul-08
14-Jul-08
14-May-08
14-Jun-08
14-Jun-08
14-Sep-08
14-Jun-08
14-Sep-08
14-Sep-08
14-Jul-08
14-Oct-08
14-Oct-08
14-Oct-08
14-Sep-08
14-Sep-08
14-Feb-09
14-Sep-08
14-Sep-08
14-Sep-08
14-Oct-08
14-Oct-08
14-Oct-08
AUDITED
LANDING EXSUBSIDY/ AUDITED
COST
DEPOT
LTR
SUBSIDY
PRICE
31-Mar-09
66.61
36.80
29.81
180,786,471.25
31-Mar-09
66.61
36.80
29.81
183,736,260.18
31-Mar-09
66.61
36.80
29.81
188,928,416.93
15-Mar-09
63.43
36.80
26.63
184,202,719.19
15-Mar-09
63.43
36.80
26.63
201,693,835.79
15-Mar-09
63.43
36.80
26.63
183,897,992.10
15-Mar-09
63.43
36.80
26.63
130,573,707.28
15-Mar-09
63.43
36.80
26.63
333,179,700.46
15-Sep-08
123.17
36.80
86.37 1,068,777,705.33
15-Mar-09
63.43
36.80
26.63
353,598,945.34
15-Mar-09
63.43
36.80
26.63
426,957,644.91
15-Mar-09
63.43
36.80
26.63
167,245,960.17
15-Mar-09
63.43
36.80
26.63
484,025,495.24
15-Sep-08
118.31
36.80
81.51
505,406,178.00
31-Jul-08
151.39
36.80
114.59 3,532,935,978.18
31-Jul-08
123.58
36.80
86.78 1,081,721,985.46
31-Oct-08
95.25
36.80
58.45
318,596,629.75
31-Oct-08
95.25
36.80
58.45
396,757,255.65
15-Oct-08
112.44
36.80
75.64
939,658,927.92
15-Sep-08
123.17
36.80
86.37 1,179,633,600.33
31-Dec-08
134.00
36.80
97.20 1,586,635,257.60
15-Aug-08
134.00
36.80
97.20
558,049,597.20
15-Aug-08
134.00
36.80
97.20 1,570,785,048.00
15-Jun-08
144.77
36.80
107.97 1,021,372,770.51
15-Jul-08
151.09
36.80
114.29 1,286,393,266.51
15-Jul-08
151.09
36.80
114.29
667,573,375.92
15-Oct-08
112.44
36.80
75.64
432,260,891.32
15-Jul-08
151.09
36.80
114.29 1,836,979,855.59
15-Oct-08
112.44
36.80
75.64 1,222,294,141.68
15-Oct-08
112.44
36.80
75.64 1,100,825,529.00
15-Aug-08
141.80
36.80
105.00 2,025,848,790.00
15-Nov-08
82.22
36.80
45.42
936,121,824.48
15-Nov-08
82.22
36.80
45.42
247,791,126.42
15-Nov-08
82.22
36.80
45.42
332,547,435.35
15-Oct-08
112.44
36.80
75.64 1,580,181,493.82
15-Oct-08
112.44
36.80
75.64 1,308,857,735.39
15-Mar-09
63.43
36.80
26.63
173,293,393.50
15-Oct-08
112.44
36.80
75.64
940,811,682.00
15-Oct-08
112.44
36.80
75.64
948,197,549.00
15-Oct-08
112.44
36.80
75.64
940,864,403.00
15-Nov-08
82.22
36.80
45.42
637,232,835.00
15-Nov-08
82.22
36.80
45.42
653,612,104.00
15-Nov-08
82.22
36.80
45.42
606,390,565.38
END
PERIOD
BATCH
D/09
D/09
D/09
H/09
H/09
H/09
H/09
H/09
A/09
B/09
B/09
B/09
D/09
E/09
A/09
A/09
B/09
B/09
A/09
A/09
A/09
A/09
A/09
B/09
B/09
B/09
B/09
C/09
C/09
E/09
A/09
A/09
B/09
B/09
K/09
K/09
B/09
E/09
E/09
E/09
E/09
E/09
E/09
Page | 59
13-Feb-00
14-Feb-00
15-Feb-00
16-Feb-00
17-Feb-00
18-Feb-00
19-Feb-00
20-Feb-00
21-Feb-00
22-Feb-00
23-Feb-00
24-Feb-00
25-Feb-00
26-Feb-00
27-Feb-00
28-Feb-00
29-Feb-00
1-Mar-00
2-Mar-00
3-Mar-00
4-Mar-00
5-Mar-00
6-Mar-00
7-Mar-00
8-Mar-00
9-Mar-00
10-Mar-00
11-Mar-00
12-Mar-00
13-Mar-00
14-Mar-00
15-Mar-00
NOR/474/CAL/HHK/07/12/08
NOR/472/NEW/HHK/16/12/08
OAN/445/IBR/HHK/01/12/08
OAN/442/DEE/HHK/05/12/08
OAN/183/NEW/HHK/15/11/08
OAN/172/IBR/HHK/24/12/08
OAN/174/WAZ/HHK/29/12/08
OAN/171/DOZ/HHK/24/01/09
OAN/275/DOZ/HHK/24/01/09
OAN/267/DOZ/HHK/21/02/09
RAH/505/RAH/HHK/18/01/08
RAH/465/RAH/HHK/22/01/08
RAH/464/HYD/HHK/27/01/08
RAH/461/RAH/HHK/27/01/08
RAH/463/RAH/HHK/21/11/08
RAH/473/HYD/HHK/29/11/08
RAH/459/RAH/HHK/21/12/08
RAH/454/RAH/HHK/25/12/08
RAH/456/RAH/HHK/29/12/08
RAH/443/HYD/HHK/31/12/08
RAH/477/RAH/HHK/06/01/09
RAH/483/RAH/HHK/07/02/09
RAH/147/RAH/HHK/13/02/09
SH/535/IBR/HHK/30/01/08
SH/543/IBA/HHK/30/11/08
SH/542/IBR/HHK/02/12/08
TON/527/IBR/HHK/15/12/08
TON/127/DEE/HHK/02/10/08
TON/173/DEE/HHK/29/11/08
TON/170/IBR/HHK/04/04/09
TON/363/OBA/HHK/01/07/09
TON/388/OBA/HHK/18/07/09
NORTHWEST PETROLEUM & GASHHK
LTD MT HANDYTANKERS MARVEL
NORTHWEST PETROLEUM & GASHHK
LTD MT HANDYTANKERS MARVEL
OANDO PLC
HHK
MT MARE DI NAPOLI
OANDO PLC
HHK
MT MARE DI NAPOLI
OANDO PLC
HHK
MT HELLAS CONSTELLATION
OANDO PLC
HHK
OANDO PLC
HHK
OANDO PLC
HHK
OANDO PLC
HHK
MT BELISAIRE
OANDO PLC
HHK
MT BELISAIRE
HHK
MT TIKHVIN
HHK
MT TIKHVIN
HHK
MT ALKYON
HHK
MT TORM ANNE
HHK
MT ALKYON
HHK
MT BLUEFIN
HHK
MT TORM ANNE
HHK
MT TORM ANNE
HHK
MT TORM ANNE
HHK
MT TORM ANNE
HHK
MT TIKHVIN
HHK
MT TIKHVIN
HHK
MT TIKHVIN
SHIELD PETROLEUM COMPANY NIGERIA
HHK
MT
LTDBLUEFIN
HHK
MT
LTDBLUEFIN
HHK
MT
LTDBLUEFIN
HHK
MT MISTRAL
HHK
MT KRISTINA THERESA
HHK
HHK
MT SAINT MARY
HHK
MT SAINT MARY
HHK
MT SAINT MARY
Sada, Idris & Co.
29-Sep-08 EGYPT
EGYPT
MT LEO II
OFFSHORE LAGOS
29-Sep-08 EGYPT
EGYPT
MT MOTHER BENEDICTA
OFFSHORE LAGOS
MT BELISAIRE
OFFSHORE COTONOU
MT BELISAIRE
OFFSHORE COTONOU
1-Sep-08 CORPUS CHRISTI, TEXAS UNITED STATES OF AMERICA
MT BELISAIRE EX MT
OFFSHORE
A
LAGOS
MT BELISAIRE EX MT
OFFSHORE
A
COTONOU
MT UNION TRIUMPH
OFFSHORE
EX
COTONOU
MT BELISAIRE
OFFSHORE COTONOU
12-Jan-09 ABIDJAN
IVORY COAST
NA
N/A
31-Jan-09 ABIDJAN
IVORY COAST
NA
N/A
24-Aug-08 EMMASTAD PORT, CURACAO
MT KHALIFA
OFFSHORE COTONOU
24-Oct-08 PUERTO LA CRUZ
VENEZUELA
MT LULI
OFFSHORE COTONOU
MT DEEP WATER OFFSHORE COTONOU
5-Nov-08 ABIDJAN
IVORY COAST
MT GLOBE SKY
OFFSHORE COTONOU
MT LULI
OFFSHORE COTONOU
MT SEAWAVE
OFFSHORE COTONOU
5-Nov-08 ABIDJAN
IVORY COAST
MT LULI
OFFSHORE COTONOU
5-Nov-08 ABIDJAN
IVORY COAST
MT MARS T
OFFSHORE COTONOU
5-Nov-08 ABIDJAN
IVORY COAST
MT LULI
OFFSHORE COTONOU
5-Nov-08 ABIDJAN
IVORY COAST
MT DEP WATER OFFSHORE COTONOU
24-Oct-08 PUERTO LA CRUZ
VENEZUELA
MT MARS T
OFFSHORE COTONOU
24-Oct-08 CURACAO & VENEZUELA VENEZUELA
MT GLOBE SKY
OFFSHORE COTONOU
MT GLOBESKY EX MT
OFFSHORE
AL
LAGOS
MT CHRISTINA THRERESA
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
26-Nov-08 ABIDJAN
IVORY COAST
NA
NA
12-Sep-08 ABIDJAN
IVORY COAST
NA
NA
MT ARISTOFANIS OFFSHORE COTONOU
7-Feb-09 ROTTERDAM
NETHERLANDS
MT AOG CARIBE OFFSHORE COTONOU
7-Feb-09 ROTTERDAM
NETHERLANDS
MT OCEANVIEW OFFSHORE COTONUO
7-Feb-09 ROTTERDAM
NETHERLANDS
MT SEA GLORY
OFFSHORE LAGOS
20-Nov-08
8-Nov-08
14-Sep-08
14-Aug-08
7-Nov-08
10-Dec-08
19-Dec-08
13-Jan-09
12-Jan-09
31-Jan-09
9-Jan-08
14-Jan-08
14-Jan-08
23-Dec-08
3-Nov-08
20-Dec-08
18-Dec-08
20-Dec-08
5-Nov-08
21-Dec-08
28-Dec-08
31-Jan-09
10-Feb-09
16-Dec-08
29-Sep-08
29-Sep-08
26-Nov-08
12-Sep-08
29-Sep-08
24-Mar-09
28-Jun-09
17-Jul-09
3-Dec-08
13-Dec-08
28-Nov-08
3-Dec-08
10-Nov-08
23-Dec-08
27-Dec-08
22-Jan-09
22-Jan-09
21-Feb-09
17-Jan-08
21-Jan-08
21-Jan-08
25-Jan-08
21-Nov-08
25-Nov-08
19-Dec-08
22-Dec-08
27-Dec-08
27-Dec-08
6-Jan-09
5-Feb-09
7-Feb-09
28-Jan-08
10-Oct-08
10-Oct-08
15-Dec-08
18-Sep-08
21-Nov-08
30-Mar-09
29-Jun-09
17-Jul-09
7-Dec-08 CALABAR JETTY, CALABAR NORTHWEST DEPOT, CALABAR
8,313,143.00
16-Dec-08 NEW PORT JETTY, CALABARNORTHWEST DEPOT, CALABAR
6,298,429.00
1-Dec-08 IBRU JETTY, APAPA
LISTER
5,004,084.00
5-Dec-08 DEE JONES JETTY, BEACHLAND
DEE ESTATE
JONES DEPOT
6,181,189.00
15-Nov-08 NEW PORT JETTY, CALABARCALABAR NEWPORT/DOZZY
5,744,753.00
IBRU
6,208,184.00
29-Dec-08 WAZIRI JETTY, APAPA
LISTER
6,178,523.00
24-Jan-09 DOZZY OIL AND GAS TERMINAL
CALABAR/DOZZY
JETTY, CALABAR
5,938,748.00
24-Jan-09 DOZZY OIL AND GAS TERMINAL
DOZZY
JETTY, CALABAR
4,579,965.00
21-Feb-09 DOZZY OIL AND GAS TERMINAL
DOZZY
JETTY, CALABAR
4,724,321.00
18-Jan-08 RAHAMANIYYA JETTY, APAPA
RAHAMANIYYA STORAGE DEPOT, APAPA
7,987,719.00
6,004,939.00
27-Jan-08 HYDEN JETTY, IJORA
HEYDEN STORAGE DEPOT IJORA
6,110,183.00
9,175,351.00
21-Nov-08 RAHAMANIYYA JETTY, APAPA
6,158,140.00
29-Nov-08 HYDEN JETTY, IJORA
6,154,889.00
21-Dec-08 RAHAMANIYYA JETTY, APAPA
6,059,063.00
7,351,599.00
6,062,326.00
31-Dec-08 HYDEN JETTY, IJORA
5,916,172.00
6,786,641.00
7-Feb-09 RAHAMANIYYA JETTY, APAPA
9,920,615.00
13-Feb-09 RAHAMANIYYA JETTY, APAPA
9,613,318.00
30-Jan-08 IBRU JETTY, APAPA
IBRU
6,272,448.00
30-Nov-08 IBAFON JETTY, APAPA
IBRU/IBAFON
5,234,238.00
ERES N.V NIG LTD STORAGE TERMINAL7,033,498.00
IBAFON APAPA
IBRU
5,093,034.00
2-Oct-08 DEE JONES JETTY, BEACHLAND
DEE ESTATE
JONES DEPOT
9,754,698.00
29-Nov-08 DEE JONES JETTY, BEACHLAND
DEE ESTATE
JONES DEPOT
13,534,578.00
4-Apr-09 IBRU JETTY, APAPA
IBRU
12,111,339.00
1-Jul-09 OBAT JETTY, PORT NOVE CREEK
OBAT
7,576,187.00
18-Jul-09 OBAT JETTY, PORT NOVE CREEK
OBAT
5,114,820.00
14-Sep-08
14-Sep-08
14-Jul-08
14-Jul-08
14-Aug-08
14-Aug-08
14-Aug-08
14-Aug-08
14-Dec-08
14-Jan-09
14-Aug-08
14-Oct-08
14-Aug-08
14-Oct-08
14-Aug-08
14-Aug-08
14-Oct-08
14-Oct-08
14-Oct-08
14-Oct-08
14-Oct-08
14-Oct-08
14-Oct-08
14-Aug-08
14-Aug-08
14-Aug-08
14-Nov-08
14-Aug-08
14-Aug-08
14-Jan-09
14-Jan-09
14-Jan-09
15-Oct-08
15-Oct-08
15-Aug-08
15-Aug-08
15-Sep-08
15-Sep-08
15-Sep-08
15-Sep-08
15-Jan-09
15-Feb-09
15-Sep-08
15-Nov-08
15-Sep-08
15-Nov-08
15-Sep-08
15-Sep-08
15-Nov-08
15-Nov-08
15-Nov-08
15-Nov-08
15-Nov-08
15-Nov-08
15-Nov-08
15-Sep-08
15-Sep-08
15-Sep-08
15-Dec-08
15-Sep-08
15-Sep-08
15-Feb-09
15-Feb-09
15-Feb-09
112.95
112.95
141.80
141.80
123.69
123.17
123.17
123.69
68.85
67.61
123.17
82.22
82.22
82.22
123.17
123.17
82.22
82.22
82.22
82.22
82.22
82.22
82.22
123.17
123.17
123.17
67.16
122.22
123.17
67.09
67.09
67.09
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
36.80
76.15
76.15
105.00
105.00
86.89
86.37
86.37
86.89
32.05
30.81
86.37
45.42
45.42
45.42
86.37
86.37
45.42
45.42
45.42
45.42
45.42
45.42
45.42
86.37
86.37
86.37
30.36
85.42
86.37
30.29
30.29
30.29
633,045,839.45
479,625,368.35
525,428,820.00
649,024,845.00
499,161,588.17
536,200,852.08
533,639,031.51
516,017,813.72
146,787,878.00
145,556,330.00
689,899,290.03
272,744,329.38
277,524,511.86
416,744,442.42
531,878,551.80
531,597,762.93
275,202,641.46
333,909,626.58
275,350,846.92
268,712,532.24
308,249,234.22
450,594,333.30
436,636,903.56
541,751,333.76
452,081,136.06
607,483,222.26
154,624,512.24
833,246,303.16
1,168,981,501.86
366,852,458.31
229,482,704.23
154,927,897.80
48,900,200,523
A/09
A/09
A/09
A/09
B/09
B/09
B/09
B/09
E/09
E/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
A/09
B/09
A/09
A/09
A/09
A/09
B/09
B/09
B/09
H/09
H/09
Page | 60
C.
SNO.
1-Jan-00
2-Jan-00
3-Jan-00
4-Jan-00
5-Jan-00
6-Jan-00
7-Jan-00
8-Jan-00
9-Jan-00
10-Jan-00
11-Jan-00
12-Jan-00
13-Jan-00
14-Jan-00
15-Jan-00
16-Jan-00
17-Jan-00
18-Jan-00
19-Jan-00
20-Jan-00
21-Jan-00
22-Jan-00
23-Jan-00
24-Jan-00
25-Jan-00
26-Jan-00
27-Jan-00
28-Jan-00
29-Jan-00
30-Jan-00
31-Jan-00
1-Feb-00
2-Feb-00
3-Feb-00
4-Feb-00
5-Feb-00
6-Feb-00
7-Feb-00
8-Feb-00
9-Feb-00
10-Feb-00
11-Feb-00
12-Feb-00
13-Feb-00
14-Feb-00
15-Feb-00
16-Feb-00
17-Feb-00
18-Feb-00
19-Feb-00
20-Feb-00
21-Feb-00
22-Feb-00
23-Feb-00
24-Feb-00
25-Feb-00
26-Feb-00
27-Feb-00
28-Feb-00
29-Feb-00
MARKETER
PRODUCT
ACORN PETROLEUM PLC
ACORN PETROLEUM PLC
ACORN PETROLEUM PLC
CONOIL PLC
CONOIL PLC
CONOIL PLC
CONOIL PLC
CONOIL PLC
CONOIL PLC
CONOIL PLC
CONOIL PLC
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
Sada, Idris & Co.
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
MOTHER VESSEL
MOTHER
PORT OF
VESSEL BL
LOADING
DATE
MT BALTIC FAITH
29-Jun-10 AMSTERDAM
MT BALTIC FAITH
29-Jun-10 AMSTERDAM
MT BALTIC FAITH
29-Jun-10 AMSTERDAM
MT BALTIC FAITH
29-Jun-10 AMSTERDAM
MT MAERSK BORNEO
17-Apr-10 GELA
MT MOUNT VICTORIA 10-Aug-10 LAVERA
MT MAERSK PRIVILEGE 14-Apr-10 FREEPORT
MT CIELO DI ROMA
22-Nov-09 LAVERA
MT CIELO DI ROMA
22-Nov-09 LAVERA
MT TORM RHONE
16-Jan-10 ASHKELON
MT TORM MARIE
27-Jan-10 ASHKELON
MT TORM MARIE
27-Jan-10 ASHKELON
MT BRO EDGAR
21-Feb-10 ROTTERDAM
MT BRO EDGAR
21-Feb-10 ROTTERDAM
MT AGISILAOS
19-Mar-10 LE HAVRE
MT POLARCUS
27-Jan-10 ASHKELON
MT NICOS TOMASOS
25-Mar-10 DONGES
MT VALSESIA
10-Jul-10 AMSTERDAM
MT SILVERIE / TORM MARIE
27-Jul-10 AMSTERDAM
MT SILVERIE/MT HANDYTANKERS
6-Sep-10MAGIC
AMSTERDAM
MT HANDYTANKERS MAGIC
6-Sep-10 AMSTERDAM
MT NORTHERN BELL
1-Aug-10 AMSTERDAM
MT DUKHAN
18-Mar-10 AMSTERDAM
MT TORM ESTRID
7-May-10 ROTTERDAM
MT ANUKET OPAL
9-Aug-10 ABIDJAN
MT ANUKET IVORY
23-Jun-10 LIMBE
MT ARISTOFANIS
1-Sep-10 TENERIFE
MT NORTHERN BELL
7-Nov-10 AMSTERDAM
MT GLENDA MEGAN
14-Sep-10 SAO SEBASTIAO
MT CAPE BACTON
22-Feb-10 LAVERA
MT BACTON
22-Feb-10 LAVERA
MT CAPETAN COSTIS
3-May-10 AMSTERDAM
MT CAPETAN COSTIS
3-May-10 AMSTERDAM
MT CESARIA
25-Jul-10 ARMSTERDAM
MT CESARIA
25-Jul-10 ARMSTERDAM
MT CAPE BEIRA
2-Nov-10 AMSTERDAM
MT CAPE BEIRA
2-Nov-10 AMSTERDAM
MT ROSA MAERSK
18-Nov-09 AMSTERDAM
MT ARISTIDIS
16-Nov-09 AMSTERDAM
MT CAPE BIRD
18-Mar-10 AMSTERDAM
MT CAPE BIRD
18-Mar-10 AMSTERDAM
MT FREJA POLARIS
26-Mar-10 GHENT
MT CAPE BEALE
8-Apr-10 VENTSPILS
MT CHAMPION TRUST 14-Apr-10 AMSTERDAM
MT CHAMPION TRUST 14-Apr-10 AMSTERDAM
MT NORD FARER
31-Aug-10 AMSTERDAM
MT BELDA
11-Sep-10 AMSTERDAM
MT XIFIAS
6-Jan-10 ROTTERDAM
MT KRITON
15-Jan-10 ROTTERDAM
MT ATLANTIC EAGLE
14-Feb-10 AMSTERDAM
MT FR8 ENDEAVOUR
1-Mar-10 AMSTERDAM
MT HIGH POWER
1-Mar-10 LAVERA
MT MAERSK ETINNE
17-Mar-10 AMSTERDAM
MT ALPINE MATHILDE 19-Apr-10 AMSTERDAM
MT PORT STANLEY
22-Apr-10 AMSTERDAM
MT SILVERIE
5-May-10 AMSTERDAM
MT BOW PROSPER
9-May-10 AMSTERDAM
MT MARE DI VENEZIA
31-Jul-10 AMSTERDAM
MT GLENDA MEREDITH 14-May-10 AMSTERDAM
MT NORTHERN DAWN 20-Aug-10 DONGES
COUNTRY OF
ORIGIN
PORT OF TRANSHIPMENT
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
ITALY
FRANCE
THE BAHAMAS
FRANCE
FRANCE
ISRAEL
ISRAEL
ISRAEL
NETHERLANDS
NETHERLANDS
FRANCE
ISRAEL
FRANCE
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
REPUBLIC OF BENIN
CAMEROUN
SPAIN
NETHERLANDS
BRAZIL
FRANCE
FRANCE
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
BELGIUM
LATVIA
NETHERLANDS
NETHERLANDS
NETHERLANDS
BELARUS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
FRANCE
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
FRANCE
OFFSHORE LAGOS
OFFSHORE COTONOU
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE LAGOS
OFFSHORE LAGOS
LAGOS OFFSHORE
LAGOS OFFSHORE
LAGOS OFFSHORE
COTONOU OFFSHORE
LAGOS OFFSHORE
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
N/A
OFFSHORE LAGOS
NOT APPLICABLE
LAGOS OFFSHORE
N/A
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFHSORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
N/A
N/A
N/A
N/A
N/A
N/A
NA
NA
NA
OFFSHORE LAGOS
NOT APPLICABLE
NOT APPLICABLE
OFFSHORE COTONOU
DV BL DATE
27-Jul-10
22-Jul-10
5-Aug-10
22-Aug-10
10-Aug-10
4-Sep-10
14-Jul-10
17-Jan-10
15-Jan-10
13-Mar-10
5-Apr-10
5-Apr-10
27-Apr-10
20-Apr-10
19-May-10
9-Jun-10
11-Jul-10
5-Sep-10
30-Sep-10
25-Oct-10
16-Nov-10
30-Aug-10
30-May-10
16-Jun-10
10-Sep-10
27-Sep-10
27-Sep-10
28-Nov-10
3-Oct-10
22-Feb-10
14-Mar-10
3-May-10
20-May-10
25-Jul-10
16-Aug-10
2-Nov-10
19-Nov-10
6-Jan-10
18-Jan-10
1-Apr-10
6-Apr-10
1-May-10
7-May-10
26-Jul-10
14-Aug-10
5-Oct-10
7-Oct-10
6-Jan-10
15-Jan-10
14-Feb-10
1-Mar-10
1-Mar-10
17-Mar-10
19-Apr-10
22-May-10
5-May-10
9-May-10
31-Jul-10
14-May-10
1-Sep-10
NOR DATE
31-Jul-10
13-Aug-10
23-Aug-10
26-Aug-10
24-Aug-10
13-Sep-10
21-Jul-10
24-Jan-10
26-Jan-10
22-Mar-10
11-Apr-10
11-Apr-10
30-Apr-10
7-May-10
28-May-10
29-Jun-10
29-Jul-10
13-Sep-10
12-Oct-10
2-Nov-10
25-Nov-10
30-Aug-10
12-Jun-10
25-Jun-10
19-Sep-10
1-Oct-10
1-Oct-10
1-Dec-10
6-Oct-10
3-Apr-10
27-Apr-10
9-Jun-10
28-Jun-10
31-Aug-10
3-Sep-10
20-Nov-10
22-Nov-10
7-Jan-10
20-Jan-10
3-Apr-10
5-Apr-10
3-May-10
8-May-10
28-Jul-10
15-Aug-10
7-Oct-10
19-Oct-10
23-Jan-10
31-Jan-10
27-Feb-10
16-Mar-10
17-Mar-10
6-Apr-10
3-May-10
6-May-10
21-May-10
29-May-10
19-Aug-10
8-Jun-10
8-Sep-10
DATE OF
DISCHARGE
3-Aug-10
18-Aug-10
26-Aug-10
28-Aug-10
31-Aug-10
18-Sep-10
27-Jul-10
24-Jan-10
29-Jan-10
27-Mar-10
15-Apr-10
16-Apr-10
3-May-10
12-May-10
1-Jun-10
3-Jul-10
1-Aug-10
16-Sep-10
16-Oct-10
6-Nov-10
29-Nov-10
31-Aug-10
12-Jun-10
27-Jun-10
21-Sep-10
1-Oct-10
1-Oct-10
5-Dec-10
10-Oct-10
5-Apr-10
27-Apr-10
15-Jun-10
2-Jul-10
4-Sep-10
8-Sep-10
22-Nov-10
28-Nov-10
11-Jan-10
22-Jan-10
6-Apr-10
12-Apr-10
5-May-10
10-May-10
30-Jul-10
16-Aug-10
11-Oct-10
22-Oct-10
27-Jan-10
2-Feb-10
2-Mar-10
17-Mar-10
20-Mar-10
8-Apr-10
5-May-10
9-May-10
23-May-10
31-May-10
21-Aug-10
10-Jun-10
9-Sep-10
PORT OF DISCHARGE
AUDITED
QUANTITY
DISCHARGED
IBRU JETTY, APAPA
11,081,131.00
IBRU JETTY, APAPA
15,980,418.00
INTEGRATED OIL JETTY, APAPA
9,319,920.00
INTEGRATED OIL JETTY, APAPA
3,815,255.00
MAGCOBAR JETTY, PHC
19,684,533.00
IBRU JETTY, APAPA
24,698,540.00
IBRU JETTY, APAPA
20,115,000.00
APAPA JETTY, APAPA
10,664,327.98
NPA BERTH 8 JETTY, PHC
29,168,951.92
28,912,099.46
PWA JETTY, APAPA
10,735,190.44
PWA JETTY, APAPA
18,034,450.57
IBRU JETTY, APAPA
13,451,517.36
29,063,765.22
29,108,495.62
26,665,641.51
31,592,594.86
31,461,513.00
28,215,512.99
31,352,363.00
32,160,491.00
MRS JETTY, APAPA
19,765,280.00
BOP JETTY, APAPA
23,842,389.96
IBRU JETTY, APAPA
15,756,836.00
NEW OIL JETTY, APAPA
10,588,415.00
4,023,000.00
12,055,514.90
PWA JETTY, APAPA
20,119,547.00
CAPITAL OIL JETTY, APAPA
20,070,209.26
PWA JETTY, APAPA
24,012,254.43
19,627,402.00
24,225,598.14
PWA JETTY, APAPA
20,026,944.58
BOP JETTY, APAPA
24,507,912.17
MAGCOBAR JETTY, PHC
19,223,775.42
22,747,140.00
MAGCOBAR JETTY, PHC
18,867,818.00
DEE JONES JETTY, BEACHLAND ESTATE9,791,506.00
DOZZY OIL AND GAS TERMINAL JETTY, CALABAR
6,552,856.00
NISPAN JETTY, APAPA
40,751,548.43
NISPAN JETTY, APAPA
44,145,509.46
NISPAN JETTY, APAPA
44,075,937.04
NISPAN JETTY, APAPA
44,246,198.45
NISPAN JETTY, APAPA
43,804,113.66
NISPAN JETTY, APAPA
43,100,488.28
YINKA FOLAWIYO JETTY, LAGOS LAGOON
44,245,982.55
NISPAN JETTY, APAPA
44,251,897.70
44,251,523.56
NISPAN JETTY, APAPA
41,847,247.34
NISPAN JETTY, APAPA
44,168,337.31
NISPAN JETTY, APAPA
43,029,621.79
35,418,894.30
AUDITED
LANDING
EXSUBSIDY/ AUDITED SUBSIDY
COST
DEPOT
LTR
PRICE
92.57
51.80
40.77
451,777,710.87
92.57
51.80
40.77
651,521,641.86
92.57
51.80
40.77
379,973,138.40
92.57
51.80
40.77
155,547,946.35
94.24
51.80
42.44
835,411,580.52
93.72
51.80
41.92
1,035,362,796.80
92.57
51.80
40.77
820,088,550.00
91.01
51.80
39.21
418,148,300.10
91.01
51.80
39.21
1,143,714,604.78
98.69
51.80
46.89
1,355,688,343.68
96.43
51.80
44.63
479,111,549.34
96.43
51.80
44.63
804,877,528.94
101.18
51.80
49.38
664,235,927.24
101.70
51.80
49.90
1,450,281,884.48
104.47
51.80
52.67
1,533,144,464.25
96.95
51.80
45.15
1,203,953,714.18
93.10
51.80
41.30
1,304,774,167.72
93.10
51.80
41.30
1,299,360,486.90
94.24
51.80
42.44
1,197,466,371.30
91.08
51.80
39.28
1,231,520,818.64
91.08
51.80
39.28
1,263,264,086.48
93.72
51.80
41.92
828,560,537.60
103.95
51.80
52.15
1,243,380,636.41
101.71
51.80
49.91
786,423,684.76
93.72
51.80
41.92
443,866,356.80
92.57
51.80
40.77
164,017,710.00
90.56
51.80
38.76
467,271,757.52
102.26
51.80
50.46
1,015,232,341.62
90.56
51.80
38.76
777,921,310.92
98.55
51.80
46.75
1,122,572,894.60
101.18
51.80
49.38
969,201,110.76
99.08
51.80
47.28
1,145,386,280.20
101.71
51.80
49.91
999,544,803.79
91.11
51.80
39.31
963,406,027.40
91.81
51.80
40.01
769,143,254.55
99.65
51.80
47.85
1,088,450,649.00
102.77
51.80
50.97
961,692,683.46
92.96
51.80
41.16
403,018,386.96
92.96
51.80
41.16
406,357,384.94
103.95
51.80
52.15
385,145,979.03
103.95
51.80
52.15
620,353,895.71
105.15
51.80
53.35
386,513,770.22
105.15
51.80
53.35
679,678,509.71
93.72
51.80
41.92
491,100,806.72
93.72
51.80
41.92
332,232,097.28
90.56
51.80
38.76
759,487,432.44
91.08
51.80
39.28
257,396,183.68
90.02
51.80
38.22
1,557,524,180.99
93.57
51.80
41.77
1,843,957,930.14
93.80
51.80
42.00
1,851,189,355.76
98.55
51.80
46.75
2,068,509,777.54
98.55
51.80
46.75
2,047,842,313.61
101.32
51.80
49.52
2,134,336,179.63
102.05
51.80
50.25
2,223,360,623.14
99.08
51.80
47.28
2,092,229,723.16
99.08
51.80
47.28
2,092,212,033.87
99.08
51.80
47.28
1,978,537,854.28
91.11
51.80
39.31
1,736,257,339.66
99.08
51.80
47.28
2,034,440,518.23
91.29
51.80
39.49
1,398,692,135.91
BATCH
N/10
N/10
N/10
N/10
O/10
O/10
P/10
A/10
A/10
D/10
E/10
E/10
E/10
F/10
G/10
K/10
N/10
N/10
Q/10
S/10
T/10
Q/10
H/10
I/10
O/10
Q/10
Q/10
U/10
R/10
D/10
F/10
J/10
J/10
N/10
R/10
U/10
U/10
A/10
A/10
D/10
D/10
F/10
F/10
M/10
O/10
Q/10
R/10
A/10
B/10
C/10
C/10
C/10
D/10
E/10
F/10
F/10
H/10
L/10
M/10
N/10
Page | 61
1-Mar-00
2-Mar-00
3-Mar-00
4-Mar-00
5-Mar-00
6-Mar-00
7-Mar-00
8-Mar-00
9-Mar-00
10-Mar-00
11-Mar-00
12-Mar-00
13-Mar-00
14-Mar-00
15-Mar-00
16-Mar-00
17-Mar-00
18-Mar-00
19-Mar-00
20-Mar-00
21-Mar-00
22-Mar-00
23-Mar-00
24-Mar-00
25-Mar-00
26-Mar-00
27-Mar-00
28-Mar-00
29-Mar-00
30-Mar-00
31-Mar-00
1-Apr-00
2-Apr-00
3-Apr-00
4-Apr-00
5-Apr-00
6-Apr-00
7-Apr-00
8-Apr-00
9-Apr-00
10-Apr-00
11-Apr-00
12-Apr-00
13-Apr-00
14-Apr-00
15-Apr-00
16-Apr-00
17-Apr-00
18-Apr-00
19-Apr-00
20-Apr-00
21-Apr-00
22-Apr-00
23-Apr-00
24-Apr-00
25-Apr-00
26-Apr-00
27-Apr-00
28-Apr-00
29-Apr-00
30-Apr-00
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
FOLAWIYO ENERGY LTD
IMAD OIL & GAS LTD
IMAD OIL & GAS LTD
KNIGHTSBRIDGE
KNIGHTSBRIDGE
LLOYDS ENERGY LTD
LLOYDS ENERGY LTD
LLOYDS ENERGY LTD
LLOYDS ENERGY LTD
MATRIX ENERGY LTD
MATRIX ENERGY LTD
Sada, Idris & Co.
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
MT HIGH SATURN
17-Sep-10 AMSTERDAM
NETHERLANDS
MT BW SHINANO
20-Sep-10 AMSTERDAM
NETHERLANDS
MT BW SHINANO
20-Sep-10 AMSTERDAM
NETHERLANDS
MT YANG LI HU
16-Oct-10 SIKKA
INDIA
MT NS AFRICA
15-Nov-10 AMSTERDAM
NETHERLANDS
MT NS AFRICA
15-Nov-10 AMSTERDAM
NETHERLANDS
MT NS AFRICA
15-Nov-10 AMSTERDAM
NETHERLANDS
MT CHANCE
18-Nov-09 PALDISKI
ESTONIA
MT CHANCE
18-Nov-09 PALDISKI
ESTONIA
MT TRISTAR DUBAI
1-Feb-10 ROTTERDAM
NETHERLANDS
MT TRISTAR DUBAI
1-Feb-10 ROTTERDAM
NETHERLANDS
MT TRISTAR DUBAI
1-Feb-10 ROTTERDAM
NETHERLANDS
MT CHAMPION LION
10-Feb-10 ROTTERDAM
NETHERLANDS
MT CHAMPION LION
10-Feb-10 ROTTERDAM
NETHERLANDS
MT CHAMPION LION
10-Feb-10 ROTTERDAM
NETHERLANDS
MT MARE DI RAVENNA 18-Feb-10 PALDISKI
ESTONIA
MT MARE DI RAVENNA 18-Feb-10 PALDISKI
ESTONIA
MT CRETE EX GAVROS 10-Mar-10 AMSTERDAM
NETHERLANDS
MT GAVROS
10-Mar-10 AMSTERDAM
NETHERLANDS
MT GAVROS
10-Mar-10 AMSTERDAM
NETHERLANDS
MT F.D NORD FARER
10-Apr-10 AMSTERDAM
NETHERLANDS
MT F.D NORD FARER
10-Apr-10 AMSTERDAM
NETHERLANDS
MT F.D NORD FARER
10-Apr-10 AMSTERDAM
NETHERLANDS
MT OCEAN ALLENMAR 24-Apr-10 AMSTERDAM
NETHERLANDS
NETHERLANDS
MT KRASLAVA
30-May-10 LAVERA
FRANCE
MT KRASLAVA
30-May-10 LAVERA
FRANCE
NETHERLANDS
MT PUZE
4-Jun-10 IMMINGHAM
UNITED KINGDOM
MT PUZE
4-Jun-10 IMMINGHAM
UNITED KINGDOM
MT PUZE
4-Jun-10 IMMINGHAM
UNITED KINGDOM
MT PORT RUSSEL
11-Jun-10 LAVERA
FRANCE
MT PORT RUSSEL
11-Jun-10 LAVERA
FRANCE
MT PORT RUSSEL
11-Jun-10 LAVERA
FRANCE
THE BAHAMAS
THE BAHAMAS
MT HERMIONE
9-Aug-10 AMSTERDAM
NETHERLANDS
MT HERMIONE
9-Aug-10 AMSTERDAM
NETHERLANDS
THE BAHAMAS
MT VALLE DI CASTIGLIA 2-Aug-10 PETIT COURONNE FRANCE
THE BAHAMAS
MT ERMAR
27-Oct-10 AMSTERDAM
NETHERLANDS
MT ERMAR
27-Oct-10 AMSTERDAM
NETHERLANDS
MT TORM LAURA
2-Nov-10 AMSTERDAM
NETHERLANDS
MT MAERSK MIKAGE
18-Aug-10 IMMINGHAM
UNITED KINGDOM
MT MAERSK MIKAGE
18-Aug-10 IMMINGHAM
UNITED KINGDOM
MT MAERSK MIKAGE
18-Aug-10 IMMINGHAM
UNITED KINGDOM
MT MAERSK ELIZABETH 11-Aug-10 MONGSTAD
NORWAY
MT HERMIONE
15-Aug-10 AMSTERDAM
NETHERLANDS
MT THELEMA T
5-Apr-10 AMSTERDAM
NETHERLANDS
MT IVER PROSPERITY
6-Jun-10 CONSTANTIA
ROMANIA
MT IVER PROSPERITY
6-Jun-10 CONSTANTIA
ROMANIA
MT ANNUOLA
11-Jun-10 OFFSHORE COTONOU
REPUBLIC OF BENIN
MT CAPE BRADLEY
10-May-10 AMSTERDAM
NETHERLANDS
MT CAPE BRADLEY
10-May-10 AMSTERDAM
NETHERLANDS
MT CAPE BRADLEY
10-May-10 AMSTERDAM
NETHERLANDS
MT CAPE BRADLEY
10-May-10 AMSTERDAM
NETHERLANDS
MT NORTHERN BELL
12-Jun-10 AMSTERDAM
NETHERLANDS
MT NORTHERN BELL
12-Jun-10 AMSTERDAM
NETHERLANDS
MT NORD NIGHTINGALE 19-Apr-10 YANGPU, HAINAN CHINA
MT NORD NIGHTINGALE 19-Apr-10 YANGPU, HAINAN CHINA
NOT APPLICABLE
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
NA
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE LAGOS
OFFSHORE COTONOU
NA
OFFSHORE COTONOU
NA
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
NA
OFFSHORE COTONOU
NA
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE LAGOS
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
17-Sep-10
8-Oct-10
10-Oct-10
21-Nov-10
3-Dec-10
5-Dec-10
7-Dec-10
18-Nov-09
27-Dec-09
23-Feb-10
19-Feb-10
21-Feb-10
10-Feb-10
19-Mar-10
2-Apr-10
18-Apr-10
18-Feb-10
26-Apr-10
24-Apr-10
28-Apr-10
7-May-10
19-May-10
11-May-10
24-Apr-10
6-Jun-10
30-May-10
20-Jun-10
18-Jun-10
17-Jul-10
4-Jun-10
4-Jul-10
11-Jun-10
13-Aug-10
14-Sep-10
8-Jun-10
11-Jun-10
10-Sep-10
12-Sep-10
15-Jul-10
20-Sep-10
7-Jul-10
22-Nov-10
29-Nov-10
25-Nov-10
3-Sep-10
4-Sep-10
7-Sep-10
30-Aug-10
16-Sep-10
31-May-10
16-Aug-10
4-Sep-10
10-Sep-10
4-Jun-10
19-Jun-10
28-Jun-10
13-Jul-10
23-Jul-10
8-Aug-10
2-Aug-10
7-Aug-10
1-Oct-10
9-Oct-10
13-Oct-10
22-Nov-10
3-Dec-10
7-Dec-10
10-Dec-10
29-Nov-09
7-Jan-10
26-Feb-10
1-Mar-10
12-Mar-10
24-Mar-10
3-Apr-10
9-Apr-10
12-Apr-10
17-Apr-10
26-Apr-10
4-May-10
6-May-10
10-May-10
26-May-10
28-May-10
9-Jun-10
23-Jun-10
28-Jun-10
29-Jul-10
2-Jul-10
19-Jul-10
26-Aug-10
7-Aug-10
31-Aug-10
17-Sep-10
25-Sep-10
13-Jun-10
19-Jun-10
14-Sep-10
21-Sep-10
25-Jul-10
26-Sep-10
14-Jul-10
25-Nov-10
1-Dec-10
4-Dec-10
4-Sep-10
10-Sep-10
14-Sep-10
11-Sep-10
20-Sep-10
13-Jun-10
18-Aug-10
4-Sep-10
10-Sep-10
11-Jun-10
23-Jun-10
4-Jul-10
17-Jul-10
28-Jul-10
10-Aug-10
4-Aug-10
8-Aug-10
3-Oct-10 YINKA FOLAWIYO JETTY, LAGOS LAGOON
44,115,375.85
40,182,322.09
39,140,141.14
24-Nov-10 YINKA FOLAWIYO JETTY, LAGOS LAGOON
41,783,096.00
5-Dec-10 YINKA FOLAWIYO JETTY, LAGOS LAGOON
33,272,594.00
46,700,318.50
41,896,871.00
17,081,990.00
21,434,243.00
28-Feb-10 HONEYWELL FISHERIES JETTY, CALABAR4,924,042.04
6-Mar-10 IBRU JETTY, APAPA
19,394,776.00
18,991,264.80
17,353,667.78
21,268,117.85
11-Apr-10 HONEYWELL FISHERIES JETTY, CALABAR4,949,665.87
20,608,022.67
15,530,705.68
2-May-10 IBRU JETTY, APAPA
17,420,092.88
21,316,939.64
8-May-10 HONEYWELL FISHERIES JETTY, CALABAR4,880,155.13
17,292,275.00
1-Jun-10 HONEYWELL FISHERIES JETTY, CALABAR4,902,117.00
1-Jun-10 IBRU JETTY, APAPA
21,273,495.00
17,713,078.58
21,173,519.69
17,694,940.21
2-Aug-10 IBRU JETTY, APAPA
23,444,465.64
9-Jul-10 IBRU JETTY, APAPA
5,120,726.51
24-Jul-10 HONEYWELL FISHERIES JETTY, CALABAR5,358,086.19
17,630,636.58
20,935,840.85
2-Sep-10 IBRU JETTY, APAPA
15,639,129.55
21,162,329.05
5,019,513.19
13-Jun-10 HONEYWELL FISHERIES JETTY, CALABAR5,201,433.25
22-Jun-10 BOP JETTY, APAPA
14,833,298.51
16-Sep-10 OBAT JETTY, PORT NOVE CREEK
11,948,300.61
24-Sep-10 OBAT JETTY, PORT NOVE CREEK
6,590,485.31
27-Jul-10 INTEGRATED OIL JETTY, APAPA
10,809,224.37
1-Oct-10 IBRU JETTY, APAPA
20,122,814.01
15-Jul-10 LISTER FLOUR JETTY, APAPA
9,305,775.63
29-Nov-10 INTEGRATED OIL JETTY, APAPA
6,199,094.00
4-Dec-10 INTEGRATED OIL JETTY, APAPA
7,953,100.00
7-Dec-10 IBAFON FZE JETTY, CALABAR
19,347,753.00
5-Sep-10 LISTER FLOUR JETTY, APAPA
6,712,686.61
13,284,557.50
17-Sep-10 PWA JETTY, APAPA
17,937,838.22
14-Sep-10 BOP JETTY, APAPA
20,040,622.78
21,417,233.03
19,113,893.88
20-Aug-10 ASCON JETTY, IBAFON
14,048,079.98
7-Sep-10 ASCON JETTY, IBAFON
13,612,413.00
8,764,201.00
13-Jun-10 MASTERS ENERGY JETTY, ONNE
10,927,934.00
10,979,492.48
5-Jul-10 MASTERS ENERGY JETTY, ONNE
9,091,403.00
18-Jul-10 MASTERS ENERGY JETTY, ONNE
8,990,305.00
4-Aug-10 MASTERS ENERGY JETTY, ONNE
11,006,860.00
12-Aug-10 MASTERS ENERGY JETTY, ONNE
8,794,019.00
6-Aug-10 OBAT JETTY, PORT NOVE CREEK
9,307,458.59
10-Aug-10 OBAT JETTY, PORT NOVE CREEK
9,109,377.00
89.81
92.42
92.42
100.45
102.95
102.95
102.95
90.32
92.96
96.95
96.43
96.43
93.80
96.43
96.95
97.08
94.45
101.18
101.18
101.70
105.15
105.67
105.15
99.08
101.71
88.81
91.45
92.89
91.97
88.81
91.45
88.81
91.45
90.56
105.67
105.15
93.72
93.72
105.15
93.72
92.57
102.26
102.26
102.26
91.29
91.29
91.29
93.72
91.29
105.15
91.45
90.56
90.56
102.22
102.22
102.22
102.22
91.97
91.97
93.72
93.72
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
38.01
40.62
40.62
48.65
51.15
51.15
51.15
38.52
41.16
45.15
44.63
44.63
42.00
44.63
45.15
45.28
42.65
49.38
49.38
49.90
53.35
53.87
53.35
47.28
49.91
37.01
39.65
41.09
40.17
37.01
39.65
37.01
39.65
38.76
53.87
53.35
41.92
41.92
53.35
41.92
40.77
50.46
50.46
50.46
39.49
39.49
39.49
41.92
39.49
53.35
39.65
38.76
38.76
50.42
50.42
50.42
50.42
40.17
40.17
41.92
41.92
1,676,825,436.06
1,632,205,923.30
1,589,872,533.11
2,032,747,620.40
1,701,893,183.10
2,388,721,291.28
2,143,024,951.65
657,998,254.80
882,233,441.88
222,320,498.02
865,588,852.88
847,580,148.02
728,854,046.76
949,196,099.82
223,477,414.03
933,131,266.63
662,384,597.25
860,204,186.41
1,052,630,479.42
243,519,741.04
922,542,871.25
264,077,042.79
1,134,940,958.25
837,474,355.17
1,056,770,367.73
654,889,737.17
929,573,062.63
210,410,652.30
215,234,322.25
652,509,859.83
830,106,089.70
578,804,184.65
839,086,346.83
194,556,331.24
280,201,209.29
791,356,475.56
500,872,761.57
276,273,144.20
576,672,120.14
843,548,363.30
379,396,472.44
312,806,283.24
401,313,426.00
976,287,616.38
265,083,994.23
524,607,175.68
708,365,231.31
840,102,906.94
845,766,532.35
1,019,726,238.66
557,006,371.21
527,617,127.88
339,700,430.76
550,986,432.28
553,586,010.84
458,388,539.26
453,291,178.10
442,145,566.20
353,255,743.23
390,168,664.09
381,865,083.84
O/10
Q/10
Q/10
T/10
T/10
U/10
U/10
A/10
A/10
C/10
C/10
C/10
D/10
D/10
E/10
E/10
E/10
F/10
F/10
H/10
H/10
I/10
I/10
I/10
J/10
J/10
L/10
M/10
M/10
N/10
O/10
O/10
R/10
R/10
I/10
I/10
O/10
O/10
K/10
O/10
P/10
U/10
U/10
U/10
O/10
O/10
O/10
O/10
O/10
H/10
N/10
O/10
Q/10
K/10
K/10
K/10
K/10
M/10
M/10
M/10
M/10
Page | 62
1-May-00
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25-May-00
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28-May-00
29-May-00
30-May-00
31-May-00
1-Jun-00
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7-Jun-00
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10-Jun-00
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22-Jun-00
23-Jun-00
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27-Jun-00
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MATRIX ENERGY LTD
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MT NORD NIGHTINGALE 19-Apr-10
MT NORD NIGHTINGALE 19-Apr-10
MT GLENDA MEGAN
14-Sep-10
MT GLENDA MEGAN
14-Sep-10
MT BELDA
11-Sep-10
MT MANUELA BOTTIGLIERI
30-Sep-10
MT HERMIONE
9-Aug-10
MT HERMIONE
9-Aug-10
MT MILLEURA
21-Mar-10
MT DELPHINA
21-Mar-10
MT EAGLE HOPE
17-Apr-10
MT EAGLE HOPE
17-Apr-10
MT SEYCHELLES PROGRESS
17-Sep-10
MT KING DANIEL
9-Dec-09
MT KING DANIEL
9-Dec-09
MT SALAMIS
2-Jan-10
MT SALAMIS
2-Jan-10
MT SALAMIS
2-Jan-10
MT AEGEAN WAVE
8-Jan-10
MT AEGEAN WAVE
8-Jan-10
MT AEGEAN WAVE
8-Jan-10
MT TORM MATHILDE
29-Dec-09
MT TORM MATHILDE
29-Dec-09
MT TORM MATHILDE
29-Dec-09
MT TORM ESTRID
6-Feb-10
MT TORM ESTRID
6-Feb-10
MT TORM ESTRID
6-Feb-10
MT TORM HELSINGOR 11-Feb-10
MT TORM MATHILDE
29-Dec-09
MT TORM MATHILDE
29-Dec-09
MT CAPE BON
7-Mar-10
MT CAPE BON
7-Mar-10
MT ROFOS
11-Mar-10
MT SANTA ANA
21-Mar-10
MT ATHINA
8-Apr-10
MT ATHINA
8-Apr-10
MT ATHINA
8-Apr-10
MT NORTHERN BELL
12-Jun-10
MT NORTHERN BELL
12-Jun-10
MT NORTHERN BELL
12-Jun-10
MT AMBERJACK
15-Jun-10
MT NORTHERN BELL
1-Aug-10
MT NORTHERN BELL
1-Aug-10
MT NORTHERN BELL
1-Aug-10
MT AMBERJACK
15-Jun-10
MT MONTREUX
18-Jul-10
MT MONTREUX
18-Jul-10
MT MONTREUX
18-Jul-10
MT MONTREUX
18-Jul-10
MT AMBERJACK
15-Jun-10
MT TORM MATHILDE
29-Dec-09
MT TORM MATHILDE
29-Dec-09
MT TORM MATHILDE
29-Dec-09
MT TORM ESTRID
6-Feb-10
MT TORM ESTRID
6-Feb-10
MT CAPE BRADLEY
23-Mar-10
MT CAPE BRADLEY
23-Mar-10
MT ATHINA
11-May-10
MT ATHINA
11-May-10
YANGPU, HAINAN
YANGPU, HAINAN
SAO SEBASTIAO
SAO SEBASTIAO
AMSTERDAM
PETIT COURONNE
AMSTERDAM
AMSTERDAM
KLAIPEDA
KLAIPEDA
SIKKA
SIKKA
IMMINGHAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
MILFORD HAVEN
MILFORD HAVEN
MILFORD HAVEN
SIKKA
SIKKA
SIKKA
AMSTERDAM
AMSTERDAM
AMSTERDAM
CONSTANTA
CONSTANTA
SIKKA
CONSTANTA
SIKKA
LAVERA
LAVERA
VENTSPILS
LAVERA
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
AMSTERDAM
SIKKA
SIKKA
SIKKA
AMSTERDAM
AMSTERDAM
GENOA
GENOA
AMSTERDAM
AMSTERDAM
CHINA
CHINA
BRAZIL
BRAZIL
NETHERLANDS
FRANCE
NETHERLANDS
NETHERLANDS
LITHUANIA
LITHUANIA
INDIA
INDIA
UNITED KINGDOM
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
NETHERLANDS
UNITED KINGDOM
UNITED KINGDOM
UNITED KINGDOM
INDIA
INDIA
INDIA
NETHERLANDS
NETHERLANDS
NETHERLANDS
ROMANIA
ROMANIA
INDIA
ROMANIA
INDIA
FRANCE
FRANCE
LATVIA
FRANCE
NETHERLANDS
NETHERLANDS
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NETHERLANDS
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INDIA
INDIA
INDIA
NETHERLANDS
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ITALY
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NETHERLANDS
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OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE COTONOU
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
LAGOS OFFSHORE
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE LAGOS
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4-Feb-10
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16-Feb-10
18-Feb-10
20-Feb-10
2-Mar-10
3-Mar-10
10-Mar-10
10-Mar-10
12-Mar-10
14-Mar-10
14-Mar-10
19-Mar-10
24-Mar-10
26-Mar-10
16-Apr-10
17-Apr-10
23-Apr-10
18-May-10
22-May-10
10-Jul-10
15-Jul-10
30-Jul-10
22-Aug-10
27-Aug-10
3-Sep-10
7-Sep-10
17-Sep-10
18-Aug-10
28-Aug-10
4-Sep-10
16-Sep-10
22-Sep-10
12-Feb-10
14-Feb-10
16-Feb-10
6-Mar-10
8-Mar-10
27-May-10
28-May-10
30-May-10
1-Jun-10
16-Aug-10
6-Sep-10
28-Sep-10
7-Oct-10
18-Oct-10
2-Nov-10
30-Sep-10
3-Oct-10
23-Apr-10
4-May-10
3-Jun-10
4-Jul-10
18-Oct-10
9-Jan-10
13-Jan-10
23-Jan-10
26-Jan-10
5-Feb-10
5-Feb-10
8-Feb-10
14-Feb-10
18-Feb-10
20-Feb-10
22-Feb-10
4-Mar-10
5-Mar-10
12-Mar-10
12-Mar-10
14-Mar-10
16-Mar-10
16-Mar-10
20-Mar-10
26-Mar-10
28-Mar-10
18-Apr-10
19-Apr-10
24-Apr-10
20-May-10
24-May-10
11-Jul-10
18-Jul-10
1-Aug-10
24-Aug-10
28-Aug-10
5-Sep-10
10-Sep-10
19-Sep-10
21-Aug-10
29-Aug-10
6-Sep-10
19-Sep-10
23-Sep-10
15-Feb-10
16-Feb-10
18-Feb-10
8-Mar-10
9-Mar-10
28-May-10
30-May-10
1-Jun-10
3-Jun-10
OBAT JETTY, PORT NOVE CREEK
9,089,790.00
9,366,866.23
HONEYWELL FISHERIES JETTY, CALABAR
6,652,750.62
HONEYWELL FISHERIES JETTY, CALABAR
6,641,095.99
IBRU JETTY, APAPA
12,972,382.00
19,330,775.00
FATGBEMS JETTY, APAPA
8,709,917.03
FATGBEMS JETTY, APAPA
10,050,859.37
BOP JETTY, APAPA
10,694,842.43
6,658,065.00
21,886,031.88
BOP JETTY, APAPA
20,615,485.34
BOP JETTY, APAPA
20,150,088.61
DANTATA JETTY, TIN CAN
20,818,888.22
22,565,499.15
22,182,142.11
20,334,233.39
7,326,837.00
13,599,064.00
20,391,696.00
11,916,703.00
11,891,328.00
22,630,510.00
20,581,495.00
5,645,755.00
25,230,378.60
5,483,678.89
MRS JETTY, APAPA
15,059,958.35
25,007,992.52
15,644,293.74
5,648,302.73
9,506,578.31
25,487,719.18
18,902,103.05
IBRU JETTY, APAPA
25,445,458.91
21,021,034.58
19,956,162.57
25,204,310.90
16,962,154.79
20,683,340.00
MRS JETTY, APAPA
24,765,124.00
MRS JETTY, APAPA
19,236,503.00
6,190,445.00
MRS JETTY, APAPA
15,410,713.00
19,429,960.00
20,623,125.02
10,665,801.00
MASTERS ENERGY JETTY, ONNE
10,705,980.00
10,599,796.00
10,782,640.00
10,659,059.00
19,838,906.87
8,411,748.00
25,311,722.00
8,147,892.00
20,378,167.23
25,550,774.34
20,557,989.00
23,253,294.00
19,632,454.00
19,933,038.00
93.72
90.56
91.08
91.08
90.56
96.03
93.72
93.72
105.15
105.15
104.68
104.68
92.42
91.01
91.01
92.65
92.65
92.65
92.65
92.65
92.65
92.65
93.54
93.54
96.43
96.43
96.45
96.43
96.43
93.54
93.54
93.54
101.18
101.18
101.18
105.15
105.15
105.15
105.15
91.45
91.45
91.45
92.89
93.72
93.72
93.72
93.72
92.83
92.83
92.83
92.83
92.89
92.65
92.65
93.54
96.43
96.43
105.15
105.15
101.58
101.58
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
41.92
38.76
39.28
39.28
38.76
44.23
41.92
41.92
53.35
53.35
52.88
52.88
40.62
39.21
39.21
40.85
40.85
40.85
40.85
40.85
40.85
40.85
41.74
41.74
44.63
44.63
44.63
44.63
44.63
41.74
41.74
41.74
49.38
49.38
49.38
53.35
53.35
53.35
53.35
39.65
39.65
39.65
41.09
41.92
41.92
41.92
41.09
41.03
41.03
41.03
41.03
41.09
40.85
40.85
41.74
44.63
44.63
53.35
53.35
49.78
49.78
381,043,996.80
363,059,735.07
261,320,044.35
260,862,250.49
502,809,526.32
855,000,178.25
365,119,721.90
421,332,024.79
570,569,843.64
355,207,767.75
1,157,333,365.81
1,090,146,864.67
818,496,599.34
816,308,607.11
884,793,221.67
906,140,505.19
830,653,433.98
299,301,291.45
555,521,764.40
833,000,781.60
486,797,317.55
485,760,748.80
944,597,487.40
859,071,601.31
251,970,097.87
1,126,031,796.92
244,736,588.68
672,125,941.34
1,116,106,706.35
652,992,820.71
235,760,155.87
396,804,578.40
1,258,583,573.11
933,385,848.61
1,256,496,760.98
1,121,472,194.84
1,064,661,273.27
1,344,649,986.57
904,930,957.78
820,094,431.00
981,937,166.60
762,727,343.95
254,365,385.05
646,017,088.96
814,503,923.20
864,521,400.84
438,257,763.09
439,266,359.40
434,909,629.88
442,411,719.20
437,341,190.77
815,180,683.29
343,619,905.80
1,033,983,843.70
340,093,012.08
909,477,603.47
1,140,331,058.79
1,096,768,713.15
1,240,563,234.90
977,303,560.12
992,266,631.64
Page | 63
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1-Jul-00
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24-Aug-00
25-Aug-00
26-Aug-00
27-Aug-00
28-Aug-00
29-Aug-00
30-Aug-00
31-Aug-00
MRS OIL NIG. PLC
PMS
MRS OIL NIG. PLC
PMS
MRS OIL NIG. PLC
PMS
MRS OIL NIG. PLC
PMS
NADABO ENERGY LTD
PMS
NADABO ENERGY LTD
PMS
PMS
NIPCO PLC
PMS
NIPCO PLC
PMS
NIPCO PLC
PMS
NORTHWEST PETROLEUM & GAS LTDPMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
OANDO PLC
PMS
Sada, Idris & Co.
MT ATHINA
MT ATHINA
MT AMBERJACK
MT AMBERJACK
MT NORTHERN DAWN
MT NORTHERN DAWN
MT MAERSK PRIVILEGE
MT GAMMA TANK
MT DELPHINA
MT DELPHINA
MT BRO ELLIOT
MT GAMMA TANK
MT AS LIGURIA
MT OCEAN CHARIOT
MT OCEAN CHARIOT
MT ROFOS
MT MOUNT VICTORIA
MT GAMMA TANK
MT CHAMPION TRUST
MT NORD FARER
MT NORD FARER
MT MAERSK EDWARD
MT SILVERIE
MT SILVERIE
MT LEPTA MERMAID
MT LEPTA MERMAID
MT LEPTA MERMAID
MT GLENDA MEGAN
MT GLENDA MEGAN
MT ARIADNE
MT ARIADNE
MT BRO EDWARD
MT BRO EDWARD
MT BRO EDWARD
MT ERIN SCHULTE
MT MAGIC 1
MT AGISILAOS
MT MAGIC 1
MT AGISILAOS
MT MADONNA 1
MT HIGH PEARL
MT EAGLE HOPE
MT HIGH PEARL
MT HIGH PEARL
MT NORIENT STAR
MT NORIENT STAR
MT SEAVALOUR
MT SEAVALOUR
MT SILVERIE
MT SILVERIE
MT SEAVALOUR
MT UACC AL MEDINA
MT ELECTA
MT SILVERIE
MT CITRUS
MT CITRUS
MT TORM THYRA
MT CITRUS
MT TORM THYRA
MT PRISCO IRINA
MT PRISCO IRINA
MT ELECTA
11-May-10 AMSTERDAM
NETHERLANDS
11-May-10 AMSTERDAM
NETHERLANDS
15-Jun-10 AMSTERDAM
NETHERLANDS
15-Jun-10 AMSTERDAM
NETHERLANDS
20-Aug-10 DONGES
FRANCE
20-Aug-10 DONGES
FRANCE
14-Apr-10 FREEPORT
THE BAHAMAS
25-Feb-10 COTONOU
REPUBLIC OF BENIN
17-Sep-10 AMSTERDAM
NETHERLANDS
17-Sep-10 AMSTERDAM
NETHERLANDS
15-Dec-09 VENTSPILS
LATVIA
25-Feb-10 OFFSHORE COTONOU
REPUBLIC OF BENIN
25-Feb-10 AMSTERDAM
NETHERLANDS
31-Mar-10 AMSTERDAM
NETHERLANDS
31-Mar-10 AMSTERDAM
NETHERLANDS
1-Jun-10 AMSTERDAM
NETHERLANDS
10-Aug-10 LAVERA
FRANCE
16-Mar-10 OFFSHORE COTONOU
REPUBLIC OF BENIN
6-Jul-10 AMSTERDAM
NETHERLANDS
31-Aug-10 AMSTERDAM
NETHERLANDS
31-Aug-10 AMSTERDAM
NETHERLANDS
18-Sep-10 AMSTERDAM
NETHERLANDS
30-Jan-10 GOTHENBURG
SWEDEN
30-Jan-10 GOTHENBURG
SWEDEN
6-Feb-10 AMSTERDAM
NETHERLANDS
6-Feb-10 AMSTERDAM
NETHERLANDS
6-Feb-10 AMSTERDAM
NETHERLANDS
9-Feb-10 BROFJORDEN
NETHERLANDS
9-Feb-10 BROFJORDEN
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28-Feb-10 ROTTERDAM
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28-Feb-10 ROTTERDAM
NETHERLANDS
26-Mar-10 LAVERA
FRANCE
26-Mar-10 LAVERA
FRANCE
26-Mar-10 LAVERA
FRANCE
16-Apr-10 ABIDJAN
IVORY COAST
18-Apr-10 AMSTERDAM
NETHERLANDS
20-Apr-10 ASHKELON
ISRAEL
18-Apr-10 AMSTERDAM
NETHERLANDS
20-Apr-10 ASHKELON
ISRAEL
14-May-10 ABIDJAN
IVORY COAST
8-May-10 AMSTERDAM
NETHERLANDS
17-Apr-10 SIKKA
INDIA
8-May-10 AMSTERDAM
NETHERLANDS
8-May-10 AMSTERDAM
NETHERLANDS
9-May-10 VENTSPILS
LATVIA
9-May-10 VENTSPILS
LATVIA
18-May-10 ASHKELON
ISRAEL
18-May-10 ASHKELON
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11-Jun-10 ASHKELON
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27-Jun-10 ASHKELON SEA PORT
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OFFSHORE COTONOU
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OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
4-Jun-10
7-Jun-10
23-Sep-10
25-Sep-10
5-Sep-10
5-Sep-10
20-Jun-10
9-Mar-10
8-Oct-10
8-Oct-10
16-Jan-10
1-Mar-10
9-Apr-10
30-Apr-10
7-Jun-10
13-Jul-10
2-Sep-10
24-Jun-10
15-Aug-10
23-Sep-10
26-Sep-10
9-Oct-10
30-Jan-10
18-Feb-10
25-Feb-10
6-Feb-10
3-Mar-10
28-Feb-10
28-Feb-10
8-Mar-10
15-Mar-10
12-Apr-10
10-Apr-10
13-Apr-10
20-Apr-10
9-May-10
11-May-10
6-May-10
15-May-10
22-May-10
24-May-10
23-May-10
30-May-10
3-Jun-10
9-Jun-10
8-Jun-10
17-Jun-10
21-Jun-10
7-Jul-10
9-Jul-10
21-Jun-10
1-Jul-10
18-Jul-10
9-Jul-10
30-Jul-10
31-Jul-10
31-Jul-10
27-Jul-10
2-Aug-10
30-Jun-10
1-Jul-10
15-Jul-10
4-Jun-10
7-Jun-10
23-Sep-10
25-Sep-10
22-Sep-10
9-Sep-10
14-Jul-10
13-Mar-10
11-Oct-10
8-Oct-10
18-Jan-10
5-Mar-10
15-Apr-10
3-May-10
11-Jun-10
17-Jul-10
6-Sep-10
27-Jun-10
22-Aug-10
26-Sep-10
24-Sep-10
12-Oct-10
19-Feb-10
22-Feb-10
28-Feb-10
28-Feb-10
7-Mar-10
7-Mar-10
8-Mar-10
22-Mar-10
20-Mar-10
7-Apr-10
11-Apr-10
18-Apr-10
1-May-10
10-May-10
13-May-10
17-May-10
17-May-10
24-May-10
28-May-10
23-May-10
1-Jun-10
4-Jun-10
11-Jun-10
12-Jun-10
18-Jun-10
25-Jun-10
10-Jul-10
10-Jul-10
11-Jul-10
12-Jul-10
23-Jul-10
27-Jul-10
31-Jul-10
5-Aug-10
5-Aug-10
9-Aug-10
7-Aug-10
1-Jul-10
18-Jul-10
18-Jul-10
7-Jun-10 DANTATA JETTY, TIN CAN
24-Sep-10 DANTATA JETTY, TIN CAN
26-Sep-10 DANTATA JETTY, TIN CAN
10-Sep-10 MASTERS ENERGY JETTY, ONNE
18-Jul-10 PWA JETTY, APAPA
13-Mar-10 PWA JETTY, APAPA
12-Oct-10 PWA JETTY, APAPA
21-Oct-10 PWA JETTY, APAPA
22-Jan-10 NEW PORT JETTY, CALABAR
9-Mar-10 NEW PORT JETTY, CALABAR
20-Apr-10 NEW PORT JETTY, CALABAR
8-May-10 NEW PORT JETTY, CALABAR
15-Jun-10 CALABAR JETTY, CALABAR
20-Jul-10 CALABAR JETTY, CALABAR
10-Sep-10 CALABAR JETTY, CALABAR
1-Jul-10 CALABAR JETTY, CALABAR
26-Aug-10 CALABAR JETTY, CALABAR
28-Sep-10 CALABAR JETTY, CALABAR
3-Oct-10 CALABAR JETTY, CALABAR
15-Oct-10 CALABAR JETTY, CALABAR
20-Feb-10 LISTER FLOUR JETTY, APAPA
25-Feb-10 MAGCOBAR JETTY, PHC
1-Mar-10 LISTER FLOUR JETTY, APAPA
2-Mar-10 BOP JETTY, APAPA
12-Mar-10 ASCON JETTY, IBAFON
13-Mar-10 MAGCOBAR JETTY, PHC
28-Mar-10 MAGCOBAR JETTY, PHC
16-Apr-10 ASCON JETTY, IBAFON
17-Apr-10 LISTER FLOUR JETTY, APAPA
5-May-10 MAGCOBAR JETTY, PHC
12-May-10 LISTER FLOUR JETTY, APAPA
7-Jun-10 LISTER FLOUR JETTY, APAPA
5-Jun-10 MAGCOBAR JETTY, PHC
17-Jun-10 MAGCOBAR JETTY, PHC
12-Jul-10 MAGCOBAR JETTY, PHC
2-Aug-10 LISTER FLOUR JETTY, APAPA
7-Aug-10 NEW PORT JETTY, CALABAR
7-Aug-10 MAGCOBAR JETTY, PHC
11-Aug-10 NEW OIL JETTY, APAPA
19,660,155.00
15,634,420.00
19,774,249.00
20,194,702.34
6,259,411.18
6,030,380.00
19,322,116.32
21,395,300.00
23,612,191.22
20,118,347.14
17,095,676.81
18,620,680.00
18,663,863.67
19,190,346.98
19,498,985.00
15,797,690.00
15,882,064.00
11,396,460.00
19,432,224.00
6,485,325.00
13,047,009.00
19,861,250.00
29,114,278.01
20,068,834.73
9,898,603.57
20,851,198.27
13,493,135.30
20,061,538.35
19,970,094.22
23,956,880.00
19,839,576.00
6,588,279.00
24,733,421.00
11,688,345.00
18,727,869.60
21,853,768.76
20,443,885.61
6,604,630.17
20,037,315.87
13,341,307.28
13,157,862.00
40,185,375.54
17,130,439.00
13,236,090.00
23,926,453.23
19,986,117.83
23,984,226.19
6,669,252.96
17,325,410.23
13,334,434.65
13,400,456.10
13,392,719.87
22,797,551.15
13,283,347.91
24,082,225.13
6,586,583.00
19,991,298.11
13,263,039.81
23,904,011.59
28,303,453.09
2,145,681.80
21,332,123.78
101.71
101.71
92.89
92.89
91.29
91.80
92.89
101.18
92.42
92.42
89.79
101.70
101.70
105.67
105.67
91.97
92.89
93.10
93.10
91.08
91.08
92.94
93.80
96.95
96.43
93.80
96.43
96.43
96.95
101.18
101.70
105.15
105.15
105.15
105.20
104.68
104.68
104.68
105.20
102.22
101.71
104.68
102.22
101.71
101.71
102.22
94.23
94.23
91.97
91.45
94.23
91.45
93.10
91.45
92.57
93.10
92.83
92.57
92.31
94.24
91.45
92.57
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
49.91
49.91
41.09
41.09
39.49
40.01
41.09
49.38
40.62
40.62
37.99
49.99
49.90
53.87
53.87
40.17
42.44
41.30
41.30
39.28
39.28
41.14
42.00
45.15
44.63
42.00
44.63
44.63
45.15
49.38
49.90
53.35
53.35
53.35
53.40
52.88
52.88
52.88
53.40
50.42
49.91
52.88
50.42
49.91
49.91
50.42
42.43
42.43
40.17
39.65
42.43
39.65
41.30
39.65
40.77
41.30
41.03
40.77
40.51
39.65
39.65
40.77
981,238,336.05
780,313,902.20
812,523,891.41
829,800,319.15
247,184,147.50
241,275,503.80
793,945,759.59
1,056,499,914.00
959,127,207.36
817,207,260.83
649,464,762.01
929,171,932.00
931,326,797.13
1,033,783,991.81
1,050,410,321.95
634,593,207.30
674,034,796.16
470,673,798.00
802,550,851.20
254,743,566.00
512,486,513.52
817,091,825.00
1,222,799,676.46
906,107,888.24
441,774,677.28
875,750,327.42
602,198,628.22
895,346,456.69
901,649,754.12
1,182,990,734.40
989,994,842.40
351,484,684.65
1,319,528,010.35
623,573,205.75
1,000,068,236.64
1,155,627,292.08
1,081,072,671.27
349,252,843.55
1,069,992,667.46
672,668,712.81
656,708,892.42
2,125,002,658.71
863,716,734.38
660,613,251.90
1,194,169,280.56
1,007,700,061.04
1,017,650,717.20
282,976,403.09
695,961,728.94
528,710,333.87
568,581,352.32
531,021,342.85
941,538,862.50
526,684,744.63
981,832,318.55
272,025,877.90
820,242,961.45
540,734,133.05
968,351,509.51
1,122,231,915.02
85,076,283.37
869,710,686.51
H/10
H/10
O/10
O/10
R/10
S/10
P/10
C/10
Q/10
Q/10
A/10
C/10
D/10
F/10
H/10
J/10
N/10
O/10
O/10
O/10
O/10
Q/10
C/10
C/10
C/10
C/10
C/10
C/10
C/10
D/10
D/10
D/10
E/10
E/10
E/10
F/10
F/10
G/10
G/10
G/10
G/10
G/10
H/10
H/10
H/10
H/10
I/10
J/10
J/10
J/10
J/10
J/10
L/10
L/10
L/10
L/10
M/10
M/10
M/10
N/10
O/10
O/10
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MT MILLEURA
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1-May-10 AMSTERDAM
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1-May-10 AMSTERDAM
MT YASA MARMARIS 17-May-10 PETIT COURONNE
MT YASA MARMARIS 17-May-10 PETIT COURONNE
MT TRISTAR KUWAIT
1-May-10 AMSTERDAM
MT STENA CONCEPT
13-May-10 KLAIPEDA
MT BOSPOROS
28-Jun-10 PETIT COURONNE
MT BOSPOROS
28-Jun-10 PETIT COURONNE
MT STENA CONCEPT
13-May-10 KLAIPEDA
MT STENA CONCEPT
13-May-10 KLAIPEDA
MT MAERSK RHONE
13-Apr-10 AMSTERDAM
MT KRONBORG
24-Sep-10 ROTTERDAM
MT KRONBORG
24-Sep-10 ROTTERDAM
MT BALTIC SOUL
18-Oct-10 AMSTERDAM
MT UACC AL MEDINA
30-Jul-10 LAVERA
MT VALLE DI CASTIGLIA 2-Aug-10 PETIT COURONNE
MT YANG LI HU
16-Oct-10 SIKKA
MT YANG LI HU
16-Oct-10 SIKKA
MT HANDYTANKERS MIRACLE
12-Aug-10 GHENT
MT PACIFIC PEARL
3-Apr-10 SINES
MT PACIFIC PEARL
3-Apr-10 SINES
MT MANUELA BOTTIGLIERI
30-Sep-10 PETIT COURONNE
MT MAERSK RHONE
13-Apr-10 AMSTERDAM
MT ROSA TOMASOS
7-May-10 IMMINGHAM
MT ROSA TOMASOS
7-May-10 IMMINGHAM
MT BELDA
11-Sep-10 AMSTERDAM
MT BELDA
11-Sep-10 AMSTERDAM
MT MAERSK EDWARD 18-Sep-10 AMSTERDAM
MT CIELO DI ROMA
8-Feb-10 IMMINGHAM
MT UACC HARMONY
18-Mar-10 GHENT
MT JINAN
22-Mar-10 IMMINGHAM
MT MARVEA
8-Jun-10 IMMINGHAM
MT CAPE BACTON
27-Aug-10 LAVERA
MT CAPE BACTON
27-Aug-10 LAVERA
MT OCEAN ALLENMAR
3-Jul-10 AMSTERDAM
MT UACC AL MEDINA
30-Jul-10 LAVERA
MT UACC AL MEDINA
30-Jul-10 LAVERA
MT OCEAN ALLENMAR 14-Aug-10 AMSTERDAM
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6-Oct-10 CONSTANTA
LITHUANIA
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NETHERLANDS
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FRANCE
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NETHERLANDS
UNITED KINGDOM
BELGIUM
UNITED KINGDOM
UNITED KINGDOM
FRANCE
FRANCE
NETHERLANDS
FRANCE
FRANCE
NETHERLANDS
ROMANIA
N/A
OFFSHORE COTONOU
OFFSHORE LAGOS
OFFSHORE COTONOU
OFFSHORECOTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
NA
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE LAGOS
OFFSHORE LAGOS
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
NA
NA
NA
NOT APPLICABLE
N/A
NA
NA
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
OFFSHORE COTONOU
5-Mar-10
19-May-10
2-Jun-10
9-Jun-10
22-Jun-10
5-Jun-10
22-May-10
11-Jun-10
30-Jul-10
11-Aug-10
1-Jul-10
8-Jun-10
22-Jul-10
14-Jun-10
16-Aug-10
11-Oct-10
11-Oct-10
18-Oct-10
18-Aug-10
16-Sep-10
23-Nov-10
25-Nov-10
28-Sep-10
18-Apr-10
3-Aug-10
15-Oct-10
8-Aug-10
18-Jun-10
20-Jun-10
5-Oct-10
5-Oct-10
24-Oct-10
8-Feb-10
18-Mar-10
22-Mar-10
8-Jun-10
27-Aug-10
27-Aug-10
3-Jul-10
16-Aug-10
16-Aug-10
8-Sep-10
27-Oct-10
18-May-10
1-Jun-10
6-Jun-10
14-Jun-10
28-Jun-10
6-Jul-10
12-Jun-10
12-Jun-10
5-Aug-10
12-Aug-10
7-Jul-10
22-Jul-10
24-Jul-10
20-Jul-10
21-Aug-10
14-Oct-10
23-Oct-10
4-Nov-10
21-Aug-10
22-Sep-10
28-Nov-10
11-Dec-10
11-Oct-10
29-Apr-10
31-Jul-10
23-Oct-10
2-Sep-10
19-Jun-10
21-Jun-10
17-Oct-10
17-Oct-10
4-Nov-10
25-Feb-10
4-Apr-10
6-Apr-10
22-Jun-10
19-Sep-10
28-Sep-10
19-Jul-10
20-Aug-10
28-Aug-10
10-Sep-10
30-Oct-10
5,274,885.19
19,564,400.00
7-Jun-10 BOVAS JETTY, KIRIKIRI, APAPA
6,076,025.00
8,369,461.00
21,169,185.58
22,346,833.01
22-Jun-10 IBAFON JETTY, APAPA
14,094,005.00
3,369,304.07
14,111,223.65
18,336,919.82
15,436,508.47
27-Jul-10 NEW OIL JETTY, APAPA
19,325,672.65
14,788,006.24
4-Aug-10 BOP JETTY, APAPA
25,009,326.82
6,568,162.00
18-Oct-10 LISTER FLOUR JETTY, APAPA
23,908,423.00
26-Oct-10 MAGCOBAR JETTY, PHC
20,132,738.01
6-Nov-10 YINKA FOLAWIYO JETTY, LAGOS LAGOON
39,861,246.00
24-Aug-10 MAGCOBAR JETTY, PHC
19,915,805.18
21,973,875.43
20,382,711.00
14-Dec-10 LISTER FLOUR JETTY, APAPA
20,875,280.00
19,947,507.00
4-May-10 BOP JETTY, APAPA
13,419,498.30
3-Aug-10 HONEYWELL FISHERIES JETTY, CALABAR5,727,679.20
26-Oct-10 OBAT JETTY, PORT NOVE CREEK
19,271,801.00
29,142,080.00
20,509,394.81
19,945,953.54
12,628,115.00
22-Oct-10 ASCON JETTY, IBAFON
6,541,349.00
7-Nov-10 BOP JETTY, APAPA
18,559,233.00
27-Feb-10 NISPAN JETTY, APAPA
39,975,081.00
38,342,417.00
17-Apr-10 NISPAN JETTY, APAPA
40,752,476.40
30-Jun-10 NISPAN JETTY, APAPA
40,164,107.28
29,577,846.96
30-Sep-10 IBAFON JETTY, APAPA
10,652,153.04
21-Jul-10 NISPAN JETTY, APAPA
44,233,107.61
17,442,179.15
31-Aug-10 CALABAR JETTY, CALABAR
6,705,000.00
16,092,000.00
2-Nov-10 IBRU JETTY, APAPA
14,927,029.50
98.55
101.71
101.71
102.22
94.75
94.23
101.71
101.71
92.57
92.57
91.45
91.45
93.72
91.45
91.29
96.55
96.03
97.84
94.24
93.72
100.45
100.45
93.72
105.15
94.24
96.03
93.72
101.71
101.71
90.56
90.56
92.42
93.80
102.52
102.52
88.81
90.56
90.56
89.94
93.72
94.24
93.72
96.03
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
46.75
49.91
49.91
50.42
42.95
42.43
49.91
49.91
40.77
40.77
39.65
39.65
41.92
39.65
39.49
44.75
44.23
46.04
42.44
41.92
48.65
48.65
41.92
53.35
42.44
44.23
41.92
49.91
49.91
38.76
38.76
40.62
42.00
49.52
50.72
37.01
38.76
38.76
38.14
41.92
42.44
41.92
44.23
246,600,882.45
976,459,204.00
303,254,407.75
421,988,223.62
909,216,520.66
948,176,124.61
703,431,789.55
168,161,966.13
575,314,588.21
747,596,221.22
612,057,560.84
766,262,920.57
619,913,221.58
991,619,808.41
259,376,717.38
1,057,469,549.29
900,940,025.95
1,835,211,765.84
845,226,771.84
921,144,858.03
991,618,890.15
1,015,582,372.00
836,199,493.44
715,930,234.47
243,082,705.25
852,391,758.23
1,221,635,993.60
1,023,623,894.97
995,502,541.18
489,465,737.40
253,542,687.24
753,876,044.46
1,678,953,402.00
1,898,716,489.84
2,066,965,602.86
1,486,473,610.54
1,146,437,348.17
412,877,451.83
1,687,050,724.25
731,176,149.97
284,560,200.00
674,576,640.00
660,222,514.79
278,055,310,778
G/10
H/10
I/10
I/10
K/10
K/10
L/10
L/10
L/10
L/10
M/10
M/10
P/10
P/10
T/10
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T/10
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M/10
Q/10
U/10
U/10
Q/10
G/10
N/10
S/10
O/10
Q/10
Q/10
Q/10
Q/10
S/10
C/10
E/10
E/10
I/10
Q/10
Q/10
K/10
N/10
N/10
O/10
S/10
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19-Oct-00
20-Oct-00
21-Oct-00
22-Oct-00
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OANDO PLC
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PMS
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PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
PMS
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PMS
PMS
PMS
PMS
PMS
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MT OCEAN ALLENMAR 14-Aug-10 ARMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT OCEAN ALLENMAR 14-Aug-10 ARMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT AEGEAN GLORY
19-Aug-10 ASHKELON
ISRAEL
OFFSHORE COTONOU
MT PACIFIC PEARL
11-Sep-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT AEGEAN GLORY
19-Aug-10 ASHKELON
ISRAEL
OFFSHORE COTONOU
MT PACIFIC PEARL
11-Sep-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT MARVEA
27-Sep-10 ASHKELON,ISREAL ISRAEL
OFFSHORE COTONOU
MT MARVEA
27-Sep-10 ASHKELON,ISREAL ISRAEL
OFFSHORE COTONOU
MT PACIFIC PEARL
11-Sep-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT NORD THUMBELINA 20-Oct-10 IMMINGHAM
UNITED KINGDOM OFFSHORE COTONOU
MT ORANGE EXPRESS
1-Nov-10 LAVERA
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OFFSHORE COTONOU
MT ORANGE EXPRESS
1-Nov-10 LAVERA
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OFFSHORE COTONOU
MT ORANGE EXPRESS
1-Nov-10 LAVERA
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OFFSHORE COTONOU
MT PACIFIC PEARL
21-Apr-10 SINES
PORTUGAL
OFFSHORE COTONOU
MT MOUNT EVEREST
9-Oct-10 RIGA,LRT TERMINALBELARUS
LATIVA
OFFSHORE COTONOU
MT MOUNT EVEREST
9-Oct-10 RIGA,LRT TERMINALBELARUS
LATIVA
OFFSHORE COTONOU
MT MILLEURA
21-Mar-10 KLAIPEDA
LITHUANIA
OFFSHORE COTONOU
MT ROFOS
14-Apr-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT ROFOS
14-Apr-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT ROFOS
14-Apr-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT IVER PROSPERITY
6-Jun-10 CONSTANTIA
ROMANIA
OFFSHORE COTONOU
MT TORM LAURA
29-Jul-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT TORM LAURA
29-Jul-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT TORM SOFIA
11-Oct-10 KING FAHAD PORT YANBU
OFFSHORE COTONOU
MT TORM SOFIA
11-Oct-10 KING FAHAD PORT YANBU
OFFSHORE COTONOU
MT MOUNT MCKINNEY 14-Dec-09 CAGLIARI
ITALY
OFFSHORE COTONOU
MT HISTRIA IVORY
1-Feb-10 BILBAO
SPAIN
OFFSHORE COTONOU
MT HISTRIA IVORY
1-Feb-10 BILBAO
SPAIN
OFFSHORE COTONOU
MT HISTRIA IVORY
1-Feb-10 BILBAO
SPAIN
OFFSHORE COTONOU
MT MARIA M
3-Feb-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONU
MT MARIA M
3-Feb-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT MARIA M
3-Feb-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT STENA CONCEPT
13-May-10 KLAIPEDA
LITHUANIA
COTONOU OFFSHORE
THE BAHAMAS
COTONOU OFFSHORE
THE BAHAMAS
COTONOU OFFSHORE
MT ADMIRAL L
16-May-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT ADMIRAL L
16-May-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT ADMIRAL L
16-May-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT ADMIRAL L
16-May-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT ELBRUS
25-Aug-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT ELBRUS
25-Aug-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT ELBRUS
25-Aug-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT GLENDA MEGAN
14-Sep-10 SAO SEBASTIAO/SPBRAZIL
OFFSHORE COTONOU
MT GENMAR CONCORD 6-Sep-10 PETIT COURONNE FRANCE
OFFSHORE COTONOU
OFFSHORE COTONOU
MT NORIENT SOLAR
30-Jun-10 BROFJORDEN, STOCKHOLM
SWEDEN
OFFSHORE COTONOU
MT NORIENT SOLAR
SWEDEN
OFFSHORE COTONOU
OFFSHORE COTONOU
MT LIA
3-Sep-10 ARUBA
OFFSHORE COTONOU
MT NORIENT SOLAR
SWEDEN
OFFSHORE COTONOU
MT HANDYTANKERS MIRACLE
12-Aug-10 GHENT
BELGIUM
OFFSHORE COTONOU
MT TORM HELENE
18-Jan-10 SIKKA
INDIA
OFFSHORE COTONOU
MT TORM HELENE
18-Jan-10 SIKKA
INDIA
OFFSHORE COTONOU
MT LOUKAS 1
15-Feb-10 AMSTERDAM
NETHERLANDS
OFFSHORE LAGOS
MT LOUKAS 1
15-Feb-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT ELECTA
20-Mar-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT UACC HARMONY
18-Mar-10 GHENT
BELGIUM
OFFHSORE COTONOU
MT ELECTA
20-Mar-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
MT ELECTA
20-Mar-10 AMSTERDAM
NETHERLANDS
OFFSHORE COTONOU
1-Sep-10
8-Sep-10
15-Sep-10
30-Sep-10
17-Sep-10
2-Oct-10
18-Oct-10
17-Oct-10
11-Oct-10
7-Nov-10
8-Nov-10
9-Nov-10
17-Nov-10
22-Nov-10
19-Nov-10
21-Apr-10
28-Oct-10
30-Oct-10
22-Apr-10
7-Jul-10
4-Jul-10
12-Jul-10
29-Aug-10
1-Sep-10
25-Sep-10
3-Nov-10
6-Nov-10
3-Feb-10
16-Feb-10
22-Feb-10
21-Mar-10
2-Apr-10
24-May-10
31-May-10
12-Jun-10
18-Jun-10
22-Jun-10
12-Jul-10
3-Aug-10
8-Aug-10
14-Aug-10
15-Sep-10
19-Sep-10
24-Sep-10
29-Sep-10
12-Oct-10
17-Oct-10
11-Sep-10
23-Sep-10
24-Oct-10
2-Nov-10
9-Nov-10
14-Nov-10
27-Feb-10
2-Mar-10
10-Mar-10
12-Mar-10
7-Apr-10
4-Apr-10
5-Apr-10
8-Apr-10
9-Sep-10
10-Sep-10
22-Sep-10
4-Oct-10
2-Oct-10
8-Oct-10
20-Oct-10
20-Oct-10
23-Oct-10
8-Nov-10
9-Nov-10
16-Nov-10
18-Nov-10
28-Nov-10
27-Nov-10
3-Jul-10
11-Nov-10
23-Nov-10
8-May-10
9-Jul-10
12-Jul-10
25-Jul-10
1-Sep-10
8-Sep-10
4-Oct-10
8-Nov-10
13-Nov-10
5-Feb-10
18-Feb-10
25-Feb-10
26-Mar-10
7-Apr-10
26-May-10
2-Jun-10
16-Jun-10
23-Jun-10
29-Jun-10
13-Jul-10
4-Aug-10
9-Aug-10
15-Aug-10
17-Sep-10
20-Sep-10
26-Sep-10
3-Oct-10
13-Oct-10
18-Oct-10
12-Sep-10
24-Sep-10
27-Oct-10
4-Nov-10
11-Nov-10
16-Nov-10
2-Mar-10
7-Mar-10
21-Mar-10
28-Mar-10
8-Apr-10
15-Apr-10
14-Apr-10
30-Apr-10
12-Sep-10 MAGCOBAR JETTY, PHC
18,917,523.00
12,457,337.51
25-Sep-10 MAGCOBAR JETTY, PHC
19,961,604.35
12,970,374.61
24,028,504.67
17,243,008.46
9,371,453.79
34,679,035.00
29-Oct-10 ECM JETTY, CALABAR
13,712,216.00
10-Nov-10 LISTER FLOUR JETTY, APAPA
19,684,060.00
11-Nov-10 IBRU JETTY, APAPA
13,021,108.16
18-Nov-10 MAGCOBAR JETTY, PHC
10,666,563.00
20-Nov-10 LISTER FLOUR JETTY, APAPA
16,077,599.00
30-Nov-10 MAGCOBAR JETTY, PHC
16,957,030.00
2-Dec-10 ECM JETTY, CALABAR
11,272,050.00
18,886,536.72
14-Nov-10 OBAT JETTY, PORT NOVE CREEK
19,523,892.00
27-Nov-10 ECM JETTY, CALABAR
21,904,753.00
19,694,254.55
9,948,537.00
19,842,253.00
28-Jul-10 HONEYWELL FISHERIES JETTY, CALABAR9,930,324.00
5-Sep-10 BOVAS JETTY, KIRIKIRI, APAPA
10,515,576.21
11-Sep-10 BOVAS JETTY, KIRIKIRI, APAPA
9,344,643.00
6-Oct-10 DOZZY OIL AND GAS TERMINAL JETTY,19,877,739.55
CALABAR
12-Nov-10 FATGBEMS JETTY, APAPA
19,484,443.58
18-Nov-10 IBAFON FZE JETTY, CALABAR
19,249,647.00
6-Feb-10 BEACHLAND JETTY, APAPA
10,294,326.00
14,458,563.00
14,412,072.00
27-Mar-10 BEACHLAND JETTY, APAPA
14,068,329.00
8-Apr-10 RAHAMANIYYA JETTY, APAPA
14,071,803.62
28-May-10 RAHAMANIYYA JETTY, APAPA
14,038,863.29
4-Jun-10 RAHAMANIYYA JETTY, APAPA
13,987,020.23
10,687,733.79
7,204,892.62
2-Jul-10 BEACHLAND JETTY, APAPA
8,846,583.71
14-Jul-10 BEACHLAND JETTY, APAPA
10,521,431.02
6-Aug-10 RAHAMANIYYA JETTY, APAPA
10,688,475.37
10,691,457.75
9,261,907.50
18-Sep-10 RAHAMANIYYA JETTY, APAPA
10,569,839.78
9,586,796.93
6,893,767.21
4-Oct-10 RAHAMANIYYA JETTY, APAPA
10,764,642.83
10,540,472.00
9,298,029.00
5,909,221.10
10,689,455.64
10,601,494.00
10,694,707.45
7,058,317.00
5,437,762.00
25,605,115.00
8-Mar-10 ASCON JETTY, IBAFON
13,107,840.00
25-Mar-10 NEW OIL JETTY, APAPA
26,087,632.96
4-Apr-10 MAGCOBAR JETTY, PHC
19,328,181.66
15-Apr-10 APAPA JETTY, APAPA
6,126,309.00
19-Apr-10 MASTERS ENERGY JETTY, ONNE
11,893,595.00
23-Apr-10 MAGCOBAR JETTY, PHC
21,743,630.00
19,176,919.00
94.24
93.72
91.81
90.56
91.29
91.08
96.55
96.03
91.08
100.45
100.45
100.97
102.26
102.77
102.77
101.71
96.03
96.55
105.15
92.57
92.57
93.10
91.45
91.72
94.24
96.03
96.55
91.01
96.43
96.43
96.43
96.43
96.43
96.43
101.71
105.15
105.15
94.23
93.72
93.72
93.72
90.56
90.56
90.56
90.56
90.56
90.56
90.56
92.57
90.56
90.56
92.57
93.72
98.17
98.17
97.08
97.60
103.95
104.47
104.47
103.95
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.08
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
51.80
42.44
41.92
40.01
38.76
39.49
39.28
44.75
44.23
39.28
48.65
48.65
49.17
50.46
50.97
50.97
49.91
44.23
44.75
53.35
40.77
40.77
41.30
39.65
41.92
42.44
44.23
44.75
39.21
44.63
44.63
44.63
44.63
44.63
44.63
49.91
53.35
53.35
42.43
41.92
41.92
41.92
38.76
38.76
38.76
38.76
38.76
38.76
38.76
40.77
38.76
38.76
40.77
41.92
46.37
46.37
45.28
45.80
52.15
52.67
52.67
52.15
802,859,676.12
522,211,588.42
798,663,790.04
502,731,719.88
948,885,649.42
677,305,372.31
419,372,557.10
1,533,853,718.05
538,615,844.48
957,629,519.00
633,476,911.98
524,474,902.71
811,275,645.54
864,299,819.10
574,536,388.50
942,627,047.70
863,541,743.16
980,237,696.75
1,050,688,480.24
405,601,853.49
808,968,654.81
410,122,381.20
416,942,596.73
391,727,434.56
843,611,266.50
861,796,939.54
861,421,703.25
403,640,521.05
645,285,656.25
643,210,757.16
627,869,527.02
628,024,595.56
626,554,468.68
624,240,712.91
533,424,793.61
384,381,021.06
471,965,240.66
446,424,318.14
448,060,887.51
448,185,908.88
388,259,162.40
409,686,989.87
371,584,249.01
267,202,417.06
417,237,556.09
408,548,694.72
360,391,604.04
229,041,409.84
435,809,106.44
410,913,907.44
414,526,860.76
287,767,584.09
227,950,983.04
1,187,309,182.55
607,810,540.80
1,181,248,020.88
885,230,720.03
319,487,014.35
626,435,648.65
1,145,236,992.10
1,000,076,325.85
O/10
O/10
O/10
Q/10
Q/10
Q/10
R/10
S/10
S/10
S/10
S/10
T/10
T/10
U/10
U/10
M/10
S/10
T/10
F/10
M/10
M/10
M/10
N/10
N/10
O/10
S/10
S/10
C/10
C/10
C/10
C/10
D/10
G/10
G/10
H/10
H/10
I/10
J/10
M/10
M/10
M/10
O/10
O/10
O/10
Q/10
Q/10
Q/10
R/10
R/10
R/10
S/10
S/10
T/10
C/10
D/10
D/10
D/10
E/10
F/10
F/10
F/10
Page | 66
D.
Details of Subsidy Paid By OAGF 2009 – 2011
MONTHS
JVC CRUDE
JVC GAS
Jan-09 59,764,250,000.48 Feb-09 60,170,133,333.82 Mar-09 34,752,000,000.00
Apr-09 62,371,500,000.00
May-09 88,343,500,000.00
Jun-09 79,136,743,507.92
Jul-09 83,828,543,217.43
Aug-09 36,846,239,907.50
Sep-09 54,862,306,801.00
Oct-09 95,301,137,492.26
Nov-09 96,165,234,937.56
Dec-09 94,987,728,350.58
SUB TOTAL
Sada, Idris & Co.
INSTALMENT PAYMENT
TRANSFER TO
TRANSFER TO EXCESS
OF O/S CRUDE COST DEBT
SUBSIDY
CRUDE, GAS,PPT,ROYALTY
479,769,054.56
12,724,919,334.41
10,490,555,151.50
43,075,199,522.50
54,851,929,485.00
18,651,690,666.71
55,440,010,141.25
25,000,000,000.00
95,347,337,347.21
35,000,000,000.00
67,140,146,476.25
78,651,690,666.71
Page | 67
Sada, Idris & Co.
Page | 68
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-01
Oct-10
Nov-10
Dec-10
SUB TOTAL
Sada, Idris & Co.
80,693,379,867.16
23,229,018,563.12
116,153,683,047.64
80,349,748,467.16
42,438,153,118.62
62,634,449,342.80
80,317,021,667.16
38,523,097,277.30
108,226,111,467.37
73,521,766,288.07
25,000,000,000.00
40,587,752,208.13
78,952,391,077.94
27,481,435,291.19
24,135,960,928.60
78,754,863,289.05
62,502,485,964.82
47,137,631,042.76
78,776,217,644.61
44,000,000,000.00
40,880,976,316.21
79,229,997,700.16
34,357,205,739.47
63,895,401,930.60
79,528,958,677.94
21,304,680,105.76
51,666,501,655.52
78,797,572,000.00
35,000,000,000.00
29,572,997,810.72
63,494,997,091.25 15,468,071,164.47
27,623,285,191.34
143,042,750,085.59
75,863,578,883.48 3,574,623,783.36
20,964,219,460.46
207,226,232,494.57
402,423,580,712.08
Page | 69
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
SUB TOTAL
Sada, Idris & Co.
76,226,616,359.05 3,499,870,107.78
45,777,954,295.72
206,905,614,313.37
71,605,442,234.84 8,318,572,020.89
35,000,000,000.00
325,271,396,682.26
69,012,710,189.14 11,471,855,899.92
35,000,000,000.00
218,140,180,053.96
71,760,351,519.69 8,318,481,813.81
52,435,315,095.69
216,198,222,053.45
88,247,468,716.95 11,446,781,282.55
79,894,727,383.42
194,369,327,093.52
73,632,673,107.78 10,089,237,170.33
94,328,542,400.84
312,831,893,681.87
70,346,702,166.74 13,526,411,561.37
88,739,035,313.13
275,371,670,160.48
77,974,929,243.04 7,298,216,429.52
84,494,960,702.88
323,209,035,682.05
74,783,091,458.62 8,658,812,430.60
15,234,862,500.00
100,000,000,000.00
257,563,211,844.62
76,132,795,467.78 9,829,165,921.45
7,617,431,250.00
79,293,865,138.46
264,547,933,473.04
86,099,909,842.09 1,094,079,658.25
7,617,431,250.00
70,980,048,141.58
236,736,184,265.22
70,765,785,963.21 16,428,203,537.13
7,617,431,250.00
80,000,000,000.00
323,183,429,445.01
845,944,448,471.72
Page | 70

Fuel Subsidy

Transcription

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