PPMC slashes cost of demurrage on imported fuel cargos

25 August 2015, Lagos – The Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) successfully reduced the high cost of demurrage on imported fuel vessels from $135.94 million in 2010 to $73.25 million in 2014, representing a decrease of 45 per cent. In a status report made available to […] More »