IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Mar 2012 | Removal date: open ended
Still in force

Export licensing requirement

The Nigerian Government released the new guidelines as well as the categories of companies eligible to obtain crude oil export permit from the Federal Ministry of Trade and Investment of Nigeria.
After an earlier announcement that it was set to review the procedure to promote transparency and effectiveness, the ministry promptly released the guidelines that saw exporters of crude oil products aggregated under various categories.
According to new announcement, the eligible companies are Nigerian National Petroleum Corporation (NNPC), International Oil Companies (IOCs), Pipelines and Products Marketing Company (PPMC), Indigenous Oil Producing Companies, Major Oil and Gas Marketing Companies and Independent Petroleum Marketing Companies with valid Department of Petroleum Resources (DPR) licenses for storage facilities.
The ministry said the new permit will allow the approved companies to export crude oil, liquefied natural gas, liquefied petroleum gas, condensates, refined products, lubricants and grease.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271012 Light oils and preparations
271019 Other

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