Product on-board impounded vessel not stolen crude oil – Navy

<p>According to him maritime security issues entails more than spontaneous actions from insufficient and unverified information.</p>, <span>Product on-board impounded vessel not stolen crude oil – Navy. ChannelsTV</span>, <h2>Product on board a vessel, MT PRAISEL, impounded by Tantita Security Service Ltd. (a private security company, engaged by the Nigerian National Petroleum Company, NNPCL), was not stolen crude oil, the Navy has declared.</h2>, <p>The declaration was made on Sunday in Abuja by the Director of Naval Information, Commodore Adedotun Ayo-Vaughan.</p>, <p>Reacting to the declaration, however, Tantita Security Services Nigeria Ltd. alleged that Navy’s declaration was a cover-up even as it admitted that the product on the vessel was not stolen crude oil.</p>, <p>Ayo-Vaughan had on Friday reacted to an allegation in respect of the said vessel which was reported to be conveying stolen crude oil with naval escorts on-board and apprehended by the private security outfit.</p>, <p>He stated that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) gave approval to MT PRAISEL to load 1,114,721 litres of High Pour Fuel Oil (HPFO).</p>, <p>The product was to be loaded from Greenmac Energy Storage/Tarus Jetty, at Koko from July 26 to Aug. 8.</p>, <p>He added that due to the allegation of crude oil theft, samples of the product on the vessel were collected in line with laid-down procedures for laboratory analysis and verification of claim.</p>, <p>According to Ayo-Vaughan, results of the laboratory analysis of the product on-board MT PRAISEL by all agencies including NMDPRA indicates that it displayed properties consistent with Nigerian industrial standard specification for HPFO.</p>, <p>“This result, therefore, proves that the allegation and suspicion was totally wrong, unfounded, and perhaps mischievous.</p>, <p>“The intelligence report which TSSL claimed to have received in respect of the vessel and its product is equally wrong.</p>, <p>“This singular incident brings to the fore the