Lagos ports remained the busiest hub for petroleum product deliveries, with 10 vessels discharging various products. Key highlights include:
- NORD MARVEL: Delivered 37,000MT of Premium Motor Spirit (PMS) to NIPCO Depot on 16th March.
- ALMI VOYAGER: Brought 75,224MT of crude oil to Dangote Depot on 18th March.
- KALANDULA: Discharged 130,203MT of crude oil to Dangote Depot on 17th March.
- CLYDE: Delivered 20,000MT of Automotive Gas Oil (AGO) to WOSBAB Depot and 15,000MT of PMS to Energy Shield Depot on 21st March.
These deliveries highlight Lagos’s central role in Nigeria’s fuel supply chain, ensuring steady distribution to depots across the region.
Warri and Calabar Ports See Steady Activity
In Warri, four vessels discharged a total of 55,500MT of PMS, with notable contributions from:
- AVODEJI: Delivered 15,000MT of PMS to Rain Oil Depot on 15th March.
- MATRIX TRIUMPH: Discharged 15,000MT of PMS to Matrix Energy Depot on 16th March.
Calabar ports recorded two significant deliveries:
- AFRICAN MARVEL: Brought 20,000MT of PMS to Fynefield Depot on 17th March.
- WATSON: Delivered a massive 88,000MT of PMS to Sobaz Depot on 18th March.
These activities in Warri and Calabar ensure fuel availability in the southern and eastern regions of Nigeria, supporting economic activities and transportation networks.
Total Weekly Discharge
The report provides a comprehensive breakdown of petroleum products discharged across all ports:
- PMS: 323,500MT
- AGO: 56,000MT
- Crude Oil: 205,427MT
- Base Oil: 10,000MT
These figures underscore the critical role of Nigerian ports in maintaining the country’s fuel supply chain, especially during periods of market volatility.
Implications for the Fuel Market
The significant volume of PMS discharged is expected to stabilise fuel supply in the short term. However, challenges such as the Dangote Refinery’s suspension of naira sales and forex shortages continue to pose risks. Stakeholders are calling for long-term solutions, including improved forex availability and transparent pricing mechanisms, to ensure consistent fuel availability and affordability.
Broader Context: Fuel Supply and Economic Stability
Nigeria’s fuel supply chain is a critical component of its economy, impacting transportation, manufacturing, and daily life. The Weekly Tanker Report highlights the importance of efficient logistics and depot operations in sustaining this supply. With over 323,500MT of PMS discharged, the data provides reassurance of short-term stability but also underscores the need for strategic interventions to address systemic challenges.
The Weekly Tanker Position Report offers a detailed snapshot of petroleum product movements across Nigerian ports. The discharge of over 323,500MT of PMS highlights the efficiency of Nigeria’s logistics and depot operations. However, stakeholders must address ongoing challenges to ensure long-term fuel supply stability and economic resilience.
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