Nigerian Times

17 Feb 2012 12:00 Africa/Lagos "The Global Oil Tanker Market Will Reach $18.96 in 2012" According to the Latest visiongain Report LONDON, February 17, 2012/PRNewswire/ -- http://www.visiongain.com/Report/766/The-Oil-Tanker-Market-2012-2022 Global oil trade is profoundly dependent on seaborne oil tankers for the transportation of crude oil. Over recent years the trading of refined petroleum products and petrochemicals by sea has also risen. All of these petroleum related products are somewhat volatile and closely linked to levels of economic activity. Visiongain has calculated capital expenditure in the oil tanker market will reach $18.96bn in 2012. There are a number of driving factors that will require investment in oil tankers over the forecast period despite the current lacklustre economic situation. For example, in the near future regulators will be enforcing laws on oil tanker fuel efficiency and water ballast systems which will require companies to upgrade and retrofi

The fuel subsidy has never favoured the majority of Nigerians, but the oil marketers and their distributors who are major stakeholders in the corrupt government of President Goodluck Jonathan of Nigeria. The masses don't own the filling stations and they don't import fuel. So who are those ripping them off? The oil marketers importing fuel and the owners of filling stations who are leading members of the corrupt ruling party and the President is their major beneficiary. The real beneficiaries of the misappropriated fuel subsidy in Nigeria are the Nigerian National Petroleum Corporation (NNPC) and others on the following list. List of Petroleum/Oil Marketing Companies in Nigeria September 24, 2007 The list below contains the names of the oil marketing companies in Nigeria. Companies that are only involved in the downstream section of the oil chain. The list is not exhaustive but these are the main players in the industry. The information is available both in the ta

Oil ShockWave Underscores Dangers of U.S. Oil Dependence Secretary Rubin: Risks to Economy and Security "Profound" WASHINGTON, Nov. 1 /PRNewswire-USNewswire/ -- Securing America's Future Energy (SAFE) today conducted Oil ShockWave to simulate a global oil supply crisis and explore economic and strategic options for limiting the damage that could be inflicted by a major interruption of the flow of oil. Former U.S. Treasury Secretary Robert E. Rubin, who led the simulation, remarked, "Oil ShockWave demonstrates the critical importance of preventative action in mitigating the risks of oil dependence. Once a major supply crisis occurs, the short-term options are extremely limited. "The profound nature of the risks to our economy and security argue for concerted action to enact a national energy policy designed to reduce oil dependence." In addition to Rubin, participants included: former Deputy Secretary of State Richard L. Armitage; CENTCOM Commander General