BLCO, AGO & LPFO FOR SALE NOW

Dear Partner,
BLCO, AGO & LPFO for sale now:

BLCO @N80 GROSS QTY: 2,000,000 BBL DELIVERY: TTO PRICE:(N80/N4)

BLCO @N84 GROSS QTY: 2,000,000 BBL DELIVERY: TTO PRICE:(N84/N4)

AGO @N120 GROSS QTY: 50,000 MT DELIVERY: TTT PRICE: (N120/N3)

AGO @N120 GROSS QTY: 50,000MT DELIVERY: TTO PRICE: (N120/N2)

LPFO ALLOCATION @N84 GROSS. Price:(N84/N4). QTY: 2,000,000 MT

ONLY INTERESTED AND SERIOUS BUYER SHOULD CONTACT ME FOR SPA.  

Dont want to deal with too many chains or time wasters please...

Skype: mpn.gblobal.ventures
Find us on facebook and twitter.
+2347032410602,

+380631990686
:+48794207320
+31644506958
mpn.gblobal.venures@gmail.com
  

Please find below seller's price and procedures for BLCO, AGO & LPFO.

BLCO AVAILABLE @N80 GROSS
QTY: 2,000,000 BBL
DELIVERY: TTO
PRICEN80/N4) NAIRA DEAL
TTO PROCEDURES:
1. BUYER AND SELLER SIGN AND SEAL SPA WITH FULL BANKING INFORMATION AND DEPOSIT SAME WITH THEIR RESPECTIVE BANKS. THE ELECTRONIC SIGNED COPY IS CONSIDERED LEGALLY BINDING ON BOTH PARTIES.
2. BUYER RAISES N5M DRAFT IN FAVOUR OF SELLER AND REMIT TO SELLER ACCOUNT.
3. SELLER ORDERS LOADED VESSEL CAPTAIN TO ISSUE MARINE ATB, NNPC ISSUES CLEARANCE AND BOARD SUPERCARGO.
4. CAPTAIN CONFIRMS BOARDING OF SUPERCARGO AND SUPERCARGO CONFIRMS PRODUCT ON BOARD VESSEL TO BUYER. N5M IS CASHED THEREAFTER.
5. BUYER RELEASES N10M CASH TO SELLER TO BOARD INSPECTORS.
6. BUYER RELEASES FULL CARGO AND COMMISSION PAYMENT AS PER Q&Q REPORT.
7. SELLER RELEASES ALL DOCUMENTS TO BUYER AND PAYS TO CHARTER VESSEL TO SAIL TO BUYER'S PORT OF DISCHARGE. *CHARTER COST $50,000 PER DAY

BLCO AVAILABLE @N84 GROSS
QTY: 2,000,000 BBL
DELIVERY: TTO
PRICEN84/N4) NAIRA DEAL
TTO PROCEDURES:
1. Seller signs and seals the contract and dispatches to the Buyer in form of email which is accepted as original for this contract and buyer signs, sends to seller and both forward to their respective banks.
2. Buyer signs the contract and return with their ATB format including Tugboat/Chopper details to the seller.
3. Seller’s account officer sends loading documents to buyer’s account officer for buyer’s confirmation.
4. Buyer issues full funded L/C or B/G to seller’s account covering product value.
5. Seller’s loaded vessel captain issues Marine generated ATB to buyer and buyer’s inspectors and supercargo boards, to conduct Q and Q on the product, inspectors takes sample while supercargo remains on board the vessel. Upon confirmation of product by buyer’s inspectors and supercargo, seller discounts $500,000 USD from the L/C or B/G for logistics and documentation on buyer’s name. THIS CLAUSE MUST BE STATED ON THE WORDINGS OF THE L/C or B/G.
6. Seller introduces buyer to vessel handle to place charter on one way voyage.
7. Seller gives soft copies of cargo loading documents in buyer’s name to buyer for confirmation.
8. Buyer confirms documents and issues acceptance letter to seller.
9. Buyer’s bank releases payment by KTT/ Swift Wire transfer to seller’s bank account, agents and facilitators accounts as in signed spa respectively.
10.Seller’s bank sends final copies of the documents to Buyer/ Buyer’s bank.
11.Vessel is cleared to sail to buyer’s destination to discharge product into buyer’s storage tank.

AGO AVAILABLE @N120 GROSS
QTY: 50,000 MT
DELIVERY: TTT
PRICE: (N120/N3) NAIRA DEAL
Seller Procedures:
1.SALES PURCHASE AGREEMENT SIGNED BY BOTH PARTIES WITH FULL BANKING DETAILS ENCLOSED AND SENT TO BANKS OF PARTIES INVOLVED.
2.BUYER THROUGH HIS BANK ISSUES A BCL, OR AN IBPU WITHOUT A DISCLAIMER CLAUSE, COMMITING ITSELF TO PAY FOR THE CARGO AFTER CONFIRMATION OF PRODUCT.
3.SELLER ISSUES ATB TO BUYER’S SUPER-CARGO AND INSPECTORS TO CONDUCT Q&Q.
4.SELLER RELEASES VALID CPA, Q88, AND CHARTER RECEIPT OF VESSEL.
5.SELLER MOVES LOADED VESSEL TO BUYER’S VESSEL FOR LONG-SIDING.
6.BUYER RAISES A BG IN FAVOR OF SELLER FOR THE ENTIRE CARGO.
7.TRANSHIPMENTS TAKES PLACE AND CARGO DOCUMENTS ARE RELEASED TO BUYER.
8.FULL PAYMENTS ARE MADE TO ALL NOMINATED ACCOUNT ON OUT-TURNS BASIS AS PER Q AND Q REPORT IN BUYER’S VESSEL.

AGO AVAILABLE @N120 GROSS
QTY: 50,000 - 100,000 MT
DELIVERY: TTO
PRICE: (N120/N2) NAIRA DEAL
Seller Procedures:
Firstly buyer MUST send LOI (letter of intent) stating the price, quantity & seller's procedures before seller can issue SPA.
1. Seller issues signed SPA to Buyer to sign and return. Electronic signed copies are legally binding and accepted between parties.
2. Buyer raise a managers cheque / Bank draft of N10,000 000 in favour of the seller and release his ATB FORMAT and Inspectors Id.
3. Seller Authorize the captain of the Loaded Vessel to release marine ATB to seller supercargo and inspector for Q&Q Analysis.
4. Seller cash the 10,000000 managers cheque/bank draft upon confirmation of product by the buyers supercargo and is part of the payment for the product.
5. Seller releases cargo document {DC & MR} and Q&Q report to Buyer for payments by MT103 or Wire transfer within 24hrs.
6. Buyer forfeits his ten Million naira if he fails to make payment after confirmation of product by his supercargo within 48hrs.
7. Buyer re charter vessel from owners.

LPFO ALLOCATION AVAILABLE @N84 GROSS
PriceN84/N4) NAIRA DEAL
QTY: 2,000,000 MT
PPMC PROCEDURE:
1. SELLER AND BUYER SIGNS SALES PURCHASE AGREEMENT AND INDEMNITY
2. BUYER SIGHT HARD COPY OF THE ALLOCATION FOR PAYMENT
3. BUYER BLOCKED FUND IN FAVOUR OF SELLER
4. SELLER REASSIGN TO BUYER
5. BUYER MAKES PAYMENT TO PPMC,ALLOTTEE AND AGENTS/FACILITATORS
6. SELLER CONFIRMS PAYMENT AND HAND OVER ORIGINAL DOCUMENTS TO BUYER

NB: OIL MARKET IS SELLER'S MARKET, NOT BUYER'S MARKET.... A GENUINE AND SERIOUS BUYER SHOULD KNOW THE SELLER (NNPC) STANDARD PROCEDURE AND FOLLOW.

ONLY INTERESTED AND SERIOUS BUYER / BUYER'S MANDATE SHOULD CONTACT ME 

Shell exaggerates issue: Explosion shuts Shell Nigeria oil pipeline

SHELL Nigeria says an explosion and fire caused by oil theft have forced it to shut down its Trans Niger Pipeline that carries 150,000 barrels of crude a day.   Thursday's statement said the theft of oil, known as bunkering, caused the conflagration at Bodo West in Ogoniland. The area in southern Nigeria already has suffered decades of oil spills. Shell's Nigeria Director Mutiu Sunmonu described "another sad reminder of the tragic consequences of crude oil theft".  Environmental activists accuse Shell Nigeria of using oil theft as an excuse to cover up accidental spills.  The company has to compensate local communities for spills not caused by theft. "Sabotage is a problem in Nigeria, but Shell exaggerates this issue to avoid criticism for its failure to prevent oil spills," Audrey Gaughran of Amnesty International said.

An Overview Of Structural Transformations In Nigeria And Africa

Managing Director/ Chief Executive Officer, Nigerian Export-Import Bank (NEXIM), Mr. Roberts Orya, in this analysis takes a critical look at structural transformation in Africa particularly in Nigeria and how it can change the economy for rapid development.

IN the 35 years leading to 2005, crude oil exploration, production and export provided the only talking point on Nigeria in international business of scale. Over this period, the Nigerian economic outlook was impacted mainly by global politics and market events. The ripples generated in Nigeria, positive or negative, were too weak to travel far and wide enough to impact the country outlook in the estimation of the international community and systems that controlled global markets, except when the ripples were ultra-negative. We were susceptible to external shocks transmitted through the conduit of international oil market.

Continue After The Break.

Opec Pumps Less Oil In June

 

 LONDON: Opec crude output has fallen in June due to disruptions in Libya and Nigeria, a survey found yesterday, inadvertently bringing supply closer to the organisation’s target. Supply from the Organisation of the Petroleum Exporting Countries has averaged 30.38 million barrels per day (b/d), down from a revised 30.46 million b/d in May, the survey of shipping data and sources at oil firms, Opec and consultants found.

The survey shows violence is making African producers Opec’s weakest supply link and the ambitious plans of Iraq, its second-largest producer, to expand exports are facing headwinds. In June, largely involuntary curbs by smaller Opec producers have outweighed extra crude from its top exporter, Saudi Arabia, which has ramped up supply in response to a seasonally higher requirement for crude in domestic power plants.
Continue

Room for trade growth between Africa’s two economic powerhouses

 

Over the last 10 years trade between Africa’s two largest economies, South Africa and Nigeria, has increased notably and the Nigerian market has seen the entrance of a number of South African companies.
South African President Jacob Zuma welcomed Nigerian President Goodluck Jonathan on arrival at Tuynhuys on a state visit to South Africa to strenghten bilateral and economic relations between South Africa and Nigeria.

South African President Jacob Zuma welcomes Nigerian President Goodluck Jonathan during a state visit to South Africa in May to strengthen bilateral and economic relations between the two countries.

Continue After The Break.

Presidency: Nigeria’s Economy Not Endangered By Discovery Of Shale Oil In U.S.

DR. DOYIN OKUPE, SENIOR SPECIAL ASSISTANT TO THE PRESIDENT ON PUBLIC AFFAIRS

SAN FRANCISCO, June 25, (THEWILL) –  The Presidency has declared that the country’s economy is in good shape even as it insisted that the Federal Government was not losing any sleep over the discovery of shale oil by the United States, saying it won’t affect Nigeria’s crude oil production.

Giving the assurance on Tuesday at a media briefing in Abuja, the Senior Special Assistant to the President on Public Affairs, Dr. Doyin Okupe, said the clarification became necessary in view of fears being expressed in some  quarters about the discovery of shale oil by the United States Government and its likely effect on Nigeria’s crude oil production.

Crude Oil Discovered In Lagos,Nigeria

LAGOS—Nigeria’s commercial capital, LAGOS, is on the verge of joining the country’s oil-producing states with the discovery of crude oil in commercial quantities in the coastal state.

Yesterday, Afren Plc and its partner, Lekoil Limited, announced significant oil discovery offshore Dahomey Basin in Lagos, according to the London Stock Exchange.

In separate announcements, the partners said they discovered a significant light oil accumulation based on the results of drilling and wire line logs from a high impact Ogo-1 well, located on the Oil Prospecting Licence, OPL 310 offshore Nigeria.

Afren is optimistic that the discovery is likely to be significantly higher than the anticipated 78 million barrels of oil equivalent (mmboe), which encourages search to further high potential zones.

The discovery is subject to the authentication of the Department of Petroleum Resources (DPR), which is expected in two weeks.

America's new energy resources - Global Energy

The Power Surge: Energy, Opportunity and the Battle for America’s Future. By Michael Levi.

ALL revolutions need their storytellers. So it is surprising that America’s energy revolution of the past few years has not had a serious scribe before now. Shale gas, billowing out of the bedrock in ever-increasing quantities, is becoming the most important factor in the drive to lessen America’s dependence on imported fuel.

Rethinking Nigeria’s over dependence on oil

Recently, Ngozi Okonjo-Iweala, Finance minister and coordinating minister said that the country’s dependence on crude oil as major export has reduced significantly. According to her, crude exports now accounts for 70 percent of Nigeria’s exports with the rest being agricultural produce, manufactured goods, among others. This, indeed, is reassuring!

However, the chest-beating claim has been pooh-poohed by some pundits who said that government was being economical with the truth.

For decades, Nigeria has depended on oil in total neglect of other sectors that boosted its economy in the pre-independence era. Over the years, experts have had to raise the alarm on the danger of this over-dependence. Calls had been made for a return to the groundnut pyramids of the North, the abundance palm  oil and coal in the South East, and cocoa in South West.

In many states across the country, there are abundant natural resources which could be tapped to boost the economy. Despite expressions of intents, leaderships of the country have not really matched their words with actions.

Nigeria: CBN - No Cause for Alarm Over Naira

In view of the increasing pressure faced by the naira, which recorded its worst year-to-date performance against the United States dollar last Friday, the Central Bank of Nigeria (CBN) has assured Nigerians that there is no cause for alarm over the nation's currency.

CBN Deputy Governor (Operations), Mr. Tunde Lemo, told THISDAY at the weekend that the central bank would continue to defend the naira.

According to data gathered from the Financial Market Dealers Association (FMDA), except at the regulated Wholesale Dutch Auction System (WDAS), where the central bank regulates the price of the naira against the dollar, the domestic currency dipped remarkably across other market segments, compared to its value at the beginning of the year.

Crude Oil Bubbles Up a Little

The price for a barrel of crude oil on the New York Mercantile Exchange gained 38 cents overnight to $95.52 per barrel Friday morning. 

Prices recovered from Thursday's drop, which was prompted by a global sell-off in equity markets, a reaction to news the U.S. Federal Reserve could begin to wind down a stimulus program this year. 

Reformulated blendstock gasoline, which lost more than 10 cents Thursday, also rebounded slightly, gaining 1.59 cents to $2.7934 a gallon. 

Home heating oil gained 1.46 cents to $2.8876 a gallon. 

Natural gas shed 0.4 cents to $3.873 per million British thermal units. 

At the pump, the average price for a gallon of unleaded regular gasoline was $3.592, down from Thursday's $3.598, the AAA Fuel Gauge report said 

Yemen repairs main crude oil pipeline after explosion: official

SANAA -- Yemen's main oil export pipeline has been repaired and crude is again flowing to the terminal on the Red Sea after tribesmen blew up a section of the link last week, a Yemeni oil official said on Thursday.

Friday's explosion followed a day after the completion of repairs to damage from a similar attack on May 24, before which the pipeline had been pumping around 125,000 barrels per day (bpd).

The Arabian Peninsula state, which relies on crude exports to replenish its reserves and finance up to 70 percent of budget spending, has suffered frequent bombings of its main pipeline in central Maarib province since an uprising broke out in 2011.

The tribesmen have given an ultimatum to the government to respond to their demands by Friday evening or they will blow up the pipeline again, the official said.

Crude oil tops $97

The price for a barrel of crude oil topped $97 per barrel on the New York Mercantile Exchange Friday.
West Texas Intermediate crude oil in New York added $1.09 cents to $97.71 per barrel. Reformulated blendstock gasoline added 3.27 cents to $2.894 a gallon.
Home heating oil gained 2.26 cents to $2.9621 a gallon.
Natural gas lost 5.7 cents to $3.757 per million British thermal units.
At the pump, the average price for a gallon of unleaded regular gasoline was $3.625, down from Thursday's $3.632, AAA Fuel Gauge report said