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Total, Samsung Heavy Industries Resolve Dispute Over $3.3b Egina FPSO - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Total, Samsung Heavy Industries Resolve Dispute Over $3.3b Egina FPSO (6774 Views)

FG Intervenes In Dispute Between Samsung Heavy Industries And LADOL / Egina FPSO: Samsung Eyes Future Opportunities In Nigeria / Egina FPSO: Nigeria's Biggest Oil Producing Vessel Arrives Lagos From South Kore (2) (3) (4)

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Re: Total, Samsung Heavy Industries Resolve Dispute Over $3.3b Egina FPSO by docadams: 5:39pm On Dec 06, 2018
efeski:



....It appears they are part of the reasons ports in the Niger-Delta are lying dormant.

Would really like to know more about the above assertion.
Born and bred in warri

Worked aboard EGINA with Hydrotest team @ Ladol base

So i kinda have a vested interest to know whats up.

holler if u hear me

peace out

Good to know you are here, bro. Congrats to you for being part of a history making event. Under any other regime, LADOL would have been crushed by INTELS. Intel's as reported went as far as forging a BPE letter to tilt the scale in its favour. Save for the prompt intervention by the presidency LADOL bid would have not sailed through.
The unwholesome practices by INTELS dates back to the early 90's making Abacha to suspend its operations. Following, return of democratic rule, Intel's reemerged. From then onwards, Atiku using his office tilted services in our ports and waterways in favour of INTELS. OBJand later Yaradua acted to limit such influence. but the coy had its way in 2010 under GEJ.
INTELS like other logistic companies, act as the intermediary between Nigerian ports and shipping lines. The most profitable aspect is the oil and gas logistics. All ports were originally originally categorized multipurpose but Atiku used his position in authority to influence NPA to recategorize the ports into oil & gas and general purpose ports. By this all ports in the SS were designated oil and gas while those in the west general purpose.This was the reason INTELS canvassed the opinion that LADOL couldn't/shouldn't be allowed to handle the Egina project Of course you know, general purpose goods make up about 85-90% of our merchandise. So you see why SS ports seem to be underutilised. This is the main reason you dont sse general mechandise ships berth in Warri port..Thankfully, these policy has been reversed.

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