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Gasoil Cargo Release and Debt Recovery Case

Sector: Oil and Gas • Location: Lagos, Nigeria

Source: Upstream Online

Project
Planned

Dubai energy trader Petrichor Energy is seeking to recover losses for shipments of gasoil contracted to Nigeria's Ultimate Oil & Gas. The case involves a dispute over 27,000 tonnes of gasoil stored in two Nigerian storage sites linked to Ultimate Oil & Gas, where the cargo has been unpaid for nearly three years. Petrichor is seeking a court order to force the storage tank operators to release the

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Project Information

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The project “Gasoil Cargo Release and Debt Recovery Case” is an infrastructure initiative in the Oil and Gas sector, located in Lagos, Nigeria. Taiyo aggregates data on it from Upstream Online.

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Participants

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planned

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Description

Description

Dubai energy trader Petrichor Energy is seeking to recover losses for shipments of gasoil contracted to Nigeria's Ultimate Oil & Gas. The case involves a dispute over 27,000 tonnes of gasoil stored in two Nigerian storage sites linked to Ultimate Oil & Gas, where the cargo has been unpaid for nearly three years. Petrichor is seeking a court order to force the storage tank operators to release the gasoil cargo to recover part of the debt, which is estimated at $38 million including interests and legal costs.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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