Tuesday, April 24, 2012

USA Africa Dialogue Series - FUEL SUBSIDY PALAVER: A Catalog of Companies


FUEL SUBSIDY PALAVER:  A Catalog of Companies - Companies, Companies Everywhere, and Billions and Billions  Spent



The Maze of Payment Routes: Start from 1/1N and work your way through to 10/13N

Diagram adapted from a textual description by Office of Accountant General OAGF (Nation, April 23, 2012; page 63)


 

COMPANIES (15) THAT WERE BENEFICIARIES OF THE 128 CHEQUES ISSUED AT N999 MILLION EACH (TOTAL: N127.872  BILLION) WITHIN 24 HOURS

 

S/N

Company

No.

of

Cheques

Amount

Paid

(N bn)

1

Messrs Oil and Gas Limited 

21

20.979

2

Oando Plc

26

25.974

3

AP Plc

19

 18.981

4

Brittania-U Nigeria Limited

1

 0.999

5

Aiteo Energy Reserve Limited

6

 5.994

6

Triquest Energy Limited

6

 5.994

7

 Imad Oil and Gas Limited

6

 5.994

8

Rahamaniyya Oil & Gas Limited

12

 11.988

9

Northwest Petroleum and Gas

9

 8.991

10

Conoil Plc

5

 4.995

11

Acorn Nigeria Plc

5

 4.995

12

A-Z Petroleum Limited

1

 0.999

13

Total Plc

1

 0.999

14

Folawiyo Energy Limited

8

 7.992

15

Integrated Oil & Gas Limited

2

 1.998

 

TOTAL

128

127.872

 

Explanation by PPPRA (Advertorial, The Nation, Tuesday April 24, 2012; page 63):


QUOTE


Although there were 36 Marketers under the scheme at that time, the 128 cheques representing multiple payments made to the 15 participating Marketers whose identities are indicated above.  It should be noted that the above payments were in respect to 2 batches for which payments had fallen due and which were paid together in Jan. 2009.

In line with government financial regulation at the period, government agencies were not permitted to issue cheque of One Billion naira and above.  At the period of the payment approval, the Marketers listed above were owed several billions cumulatively and as such payments were broken down to N999 million per cheque in line with financial regulation.  The allegations of fraudulent duplication of payments to unknown beneficiaries cannot therefore be substantiated.  This information is easily verifiable as the cheques issued were CBN cheques; the counterfoils of whei are still available.  The similarities of the figures derived from the adherence to financial regulation and not a likelihood of fraud as indicated in the report.


UNQUOTE

 

Question:  How did these companies come to be owed EXACTLY multiples of N0.999 billion?


 

COMPANIES (15)  THAT GOT FOREX, BUT DID NOT USE IT FOR OIL IMPORTATION AS STIPULATED

 

S/N

Name of Company (Year of Forex

Collection)

Amount

to Refund

(US $)

1

Business Ventures Nig Ltd (2010)

22,927,339.96

2

East Horizon Gas Co. Ltd (2010)

20,735,910.81

3

Emadeb Energy (2010)

6,606,094.30

4

Poat Nig. Ltd (2010)

3,147,956.19

5

Synopsis Enterprises (2010)

51,449,977.47

6

Zenon Petroleum & Gas Ltd (2010)

232,975,385.13

7

Carnival Energy Oil Ltd (2011)

51,089.57

8

Crownlines (2011)

4,756,274.94

9

Ice Energy Petroleum Trading Ltd (2011)

2,131,166.32

10

Index Petroleum Africa (2011)

6,438,849.64

11

Ronad Oil & Gas W/A (2011)

4,813,272.00

12

Serene Greenfield Ltd (2011)

4,813,360.75

13

Supreme & Mitchelles (2011)

16,947,000.00

14

Tridax Energy Ltd (2011)

15,900,000.00

15

Zamson Global Resources (2011)

8,916,750.00

 

TOTAL

US$402,610,427.08

 

 

·          At N160/$1, Total amounts to N64,417,668,332.80 (N64.4+ bn)

 

 

 

MARKETERS (17) THAT DID NOT OBTAIN FOREX, BUT CLAIMED TO HAVE IMPORTED PETROLEUM  PRODUCTS BASED ON WHICH THEY HAVE COLLECTED SUBSIDY

 

 

S/N

NAMES OF MARKETERS

2010 SUBSIDY AS  

PER OAGF

(NAIRA)

2011 SUBSIDY AS

PER OAGF

(NAIRA)

1

BOVAS & COMPANY

-

10,992,583,784.50

2

BRILA ENERGY LTD

-

963,796,199.85

3

CEOTI LTD

-

2,944,681,700.17

4

ECO – REGEN LTD

-

1,988,141,091.10

5

EURAFIC OIL & COASTAL SERVICES LTD

-

3,189,069,707.43

6

FIRST DEEP WATER DISCOVERY

257,396,183.68

4,061,148,533.35

7

KNIGHT BRIDGE

1,685,869,439.29

2,706,273,858.82

8

MOBIL OIL NIG. PLC

3,991,754,441.53

3,060,232,335.26

9

NADABO ENERGY LTD

247,184,147.50

2,660,902,801.58

10

OCEAN ENERGY TRADING & SERVICES LTD

-

1,778,180,051.20

11

ORIGIN OIL & GAS LTD

-

2,703,454,122.11

12

SOMERSET ENERGY SERVICES

959,012,939.72

2,056,208,548.22

13

SULPHUR-STREAM LTD

-

4,758,693,052.00

14

SWIFT OIL

-

5,062,403,548.18

15

FRAPRO INTERNATIONAL LTD

-

1,486,837,448.90

16

FRADRO INTERNATIONAL LTD

-

1,148,792,391.50

17

VIVENDI ENERGY NIG LTD

-

1,095,790,255.02

 

TOTAL

7,141,217,151.72

55,019,978,401.14

 

 

Pushback:  Some Companies have gone on to threaten to SUE the House of Representations for reputation-damaging disclosures.  For example

 

QUOTE

THE POSITION/REBUTTAL OF KNIGHTSBRIDGE LIMITED ON THE ALLEGATION OF IMPORTATION OF FUEL WITHOUT OBTAINING FOREX FROM CBN

 

We act as Solicitors to Knightsbridge Limited and we write on its behalf in connection with the allegation made against it by the Report of the House of Representatives Ad-hoc Committee on Monitoring of Fuel Subsidy Regime as reported in some National Newspapers.

 

Our Client is deeply pained, embarrassed and disparaged by the grievous allegation made against it by the Report….

 

Based on the damaging embarrassment this unfounded allegation has done to our client's enviable business integrity and hard earned reputation built for about 20 years, we have the instructions of our Client to respond to the allegation as follows:

……..

 

2.  That all the transaction of importation of fuel carried on by Knightsbridge between 2010 and 2011 were lawfully carried out and same can be validly established vide financial documentary evidence including but not limited to Approved Valid for Forex FORM "M", LCs, Proforma Invoices, Notification of Vessels Arrival, Letters of Shipment Notification, etc.  All these Import documents were submitted at the Committee hearing….

 

SIGNED

Olasupo Ati-Johnson Esq

Solicitor to:

Knightsbridge, Liited.

 

UNQUOTE

 

And

 

QUOTE

 

 

Fuel subsidy Report  Indicted Firms Threaten to Sue House-of-Reps for N100 billion

 

The newly released report on the Mallam Farouk Lawan led House of Reps probe on the fuel subsidy scam incriminated several parties including 18 oil companies of mismanaging substantial amounts of fuel subsidy.

The companies, which include Mobil Oil Nigeria, CAH Resources Association Limited,  Crust Energy Limited, Stonebridge Oil Limited,  Petrotrade, Lucky Energy, Rocky Energy, Lottoj Oil, Oakfield Synergy Network Limited, among several others were accused of mismanaging, and asked to refund N41 billion.

The companies have now fired back, threatening to sue the House of Reps for damages, claiming they were not given a fair trial before being indicted.

Counsel for the firms, Chief Mike Ozekhome (SAN), speaking to The Punch, stated that the companies had reached out to him and would be seeking N100 billion from the House.

"Most of these oil firms were never invited by the House Ad Hoc Committee but they were indicted" he said, adding that they would "sue and claim over N100 billion in damages"

"The oil firms have reached out to me." he continued. "Although,  I am against corruption and I believe  that those who mismanaged the oil sector should be dealt with, I also believe there must be fairness and justice."

"I am not only a lawyer, I am also a human rights activist. I have suffered 11 detentions in the country. Even God gave Adam and Eve fair hearing in the Garden of Eden. These companies were neither invited nor interacted with in any manner."

 

UNQUOTE

 

 

COMPANIES  (17) THAT DID NOT SHOW UP FOR HOUSE PROBE AND WERE ASKED TO REFUND VARIOUS SUMS

 

S/N

Name of Company

Amount to Refund

(N)

1

Mut-Hass Petroleum

1,102,084,041.30

2

Nepal Oil and Gas Service

2,353,911,979.10

3

Oilbath Nigeria

1,019,644,138.97

4

Techno Oil

1,036,514,387.08

5

Somerset Energy Services

3,015,221,487.94

6

Stonebridge Oil

1,784,158,258.14

7

Mobil Oil Nigeria

14,934,371,661.76

8

AX Energy

1,471,969,643.31

9

CAH Resources Association

1,052,466,415.28

10

Crust Energy

1,192,651,581.76

11

Fresh Synergy

1,417,029,059.70

12

Ibafon Oil

4,687,730,540.46

13

Lottoj Oil and Gas

1,427,429,910.95

14

Oakfield Synergy Network

988,920,219.15

15

Petrotrade Energy

1,471,027,874.73

16

Prudent Energy and Service

1,360,898,638.10

17

Rocky Energy

1,620,110,167.58

 

TOTAL

N41,936,140,005.31

 

 

 

COMPANIES (5) THAT APPEARED BUT WERE NOT DIRECTLY INVOLVED IN THE SUBSIDY REGIME

 

S/N

Name of Company

1

 Televaras Oil Ltd

2

 Trafigura SA

3

 Vitol International

4

 Hyson Oil Ltd

5

 Zenon Oil

 

INVITED COMPANIES (93) THAT APPEARED BEFORE HOUSE PANEL

 

1

 Aiteo Energy Resources Ltd

2

 Ontario Oil and Gas Ltd

3

 Naticel Petrochemical Ltd

4

 AA Rano Nig Ltd

5

 Avidor Oil and Gas Company

6

 Northwest Petroleum and Gas Company

7

 Valviza Petroleum Ltd

8

 Owa Oil and Gas Ltd

9

 Shorelink Oil and Gas Service Ltd

10

 Pon Specialist Ltd

11

 Hyden Petroleum Ltd

12

 Master Energy Oil and Gas Ltd

13

 Oando Oil

14

 Conoil

15

 Honeywell Oil

16

 Folawiyo Oil

17

 Pinnacle Oil and Gas

18

 Capital Oil Plc

19

 Capital Oil and Gas

20

 MRS Oil Plc

21

 MRS Oil and Gas

22

 ADDAX Petroleum

23

 NIPCO Plc

24

 Sahara Energy SA

25

 SPOG Petrochemicals Ltd

26

 Linetrale Oil Supply and Trading Co

27

 Setana Energy

28

 OBAT Oil and Petroleum Ltd

29

 Pinnacle Contractors Ltd  

30

 Anosyke Group of Co Ltd

31

 Total Nig Plc

32

 Rahamaniyya Group

33

 Triquest Energy Ltd

34

 SEDEC Energy Ltd

35

 A-Z Products Ltd

36

 Imad Oil and Gas Ltd

37

 Knightsbridge Ltd

38

 Menol Oil and Gas Ltd

39

 Nasaman Oil and Service Ltd

40

 Matrix Energy Ltd

41

 Lloyds Oil Nig Ltd

42

 Alminnur Resources Ltd

43

 MOB Integrated Services

44

 Shield Petroleum Co Nig Ltd

45

 Taurus Oil and Gas Ltd

46

 Nadabo Energy Ltd

47

 First Deepwater Discovery Ltd

48

 Venro Energy Ltd

49

 Dee Jones Petroleum

50

 Valcore Energy Ltd

51

 Integrated Oil and Gas Ltd

53

 Integrated Resources

54

 Brittania-U Nig Ltd

55

 Tonique Oil Services Ltd

56

 Dozzy Oil Ltd

57

 Sifax Oil and Gas Co

58

 EternaPlc

59

 Bovas and Co Ltd

60

 Eurafric Oil and Coastal Services Ltd  

61

 Sea Petroleum and Gas

62

 Top Oil and Gas

63

 Ascon Oil Company Ltd

64

 Swift Oil Ltd

65

 Majope Investments Ltd

66

 Avant Garde Energy Ltd

67

 Sirius Energy Service Ltd

68

 Duport Marine Ltd

69

 Lumen Skies Ltd

70

 Origin Oil and Gas Ltd

71

 ABSAF Petroleum and Co Ltd

72

 Downstream Energy Source Ltd

73

 Channel Oil and Petroleum Source Ltd

74

 Brila Energy Ltd

75

 CEOTI Ltd

76

 Sulphur Streams Ltd

77

 Geacan Energy Ltd

78

 ASB Investment Company

79

 Fradro International Ltd

80

 Lubcon Ltd

81

 Forte Oil Plc

82

 Phoneix Oil Company Ltd

83

 Eco-Regen Ltd

84

 Lingo Oil and Gas Company Ltd

85

 Ocean Energy Trading and Service Ltd

86

 Ryden Oil Ltd

87

 Anajul Nig Ltd

88

 Crystal Dynamic Energy Ltd

89

 IPMAN Investments

90

 Arcon Oil Ltd  

91

 AMG Petroenergy Ltd

92

 Yanaty Petrochemicals Nigeria Limited

93

 Xavier Energy Nigeria Limited

 

 

COMPANIES (5) THAT SUBMITTED PAPERS BUT DID NOT APPEAR

 

S/N

Name of Company

1

 Maizube Petroleum Ltd

2

 Mercuria Global Energy

3

 Momats Oil and Gas

4

 Nupeng Ventures

5

 Rainoil Ltd

 

 

 

COMPANIES (45) INVITED BUT DID NOT APPEAR AND DID NOT SUBMIT DOCUMENTS

 

S/N

Name of Company

1

 Aquitane Oil

2

 Bodej Investment

3

 Cadees Oil and Gas

4

 Carnival Ltd

5

 Colbert Energy

6

 Crusteam Nigeria

7

 Delmar Petroleum Co

8

 Fargo International Ltd/Fargo Petrol and Gas Ltd

9

 Grand Petroleum And Chemicals

10

 Ice Energy

11

 Index Petroleum Africa

12

 Mezcor SA

13

 Meglams Oil and Gas

14

 Mut-Hass Petroleum Ltd

15

 Nepal Oil and Gas Service

16

 Oilbath Nigeria

17

 Oil Force Nigeria

18

 Practoil

19

 Ronad Oil and Gas West Africa Ltd

20

 PVN Capital Ltd

21

 Supreme and Mitchells Oil Ltd, Port Harcourt

22

 Tahil and Tahil (Nig) Ltd

23

 Techno Oil Ltd

24

 Tempo Energy Nig Ltd

25

 Tridax Oil and Gas Ltd

26

 Vitcam Services Ltd

27

 Viva Energy Ltd

28

 Zalex Energy Resource Ltd

29

 Xalom Petroleum Ltd

30

 July Seventh Oil Ltd

31

 Zamson Nig Ltd

32

 Somerset Energy Services

33

 Stonebridge Oil Ltd

34

 Mobil Oil Nigeria

35

 AX Energy Ltd

36

 CAH Resources Association Ltd

37

 Crust Energy Ltd

38

 Fresh Synergy Ltd

39

 Ibafon Oil Ltd

40

 Lottoj Oil & Gas Ltd

41

 Oakfield Synergy Network Ltd

42

 Petro Trade Energy Ltd

43

 Prudent Energy & Service Ltd

44

 Rocky Energy Ltd

45

 Fatgbems Petro Company Ltd

 

 

 

INVITED ORGANIZED/PROFESSIONAL GROUPS THAT APPEARED AND MADE PRESENTATIONS

 

S/N

Name of Organized/Professional Group

1

 Nigeria Labour Congress, NLC

2

 Trade Union Congress, TUC

3

 Independent Petroleum Marketer Association of Nigeria (IPMAN)

4

 Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)

5

 Indigenous Ship Owners' Association of Nigeria (ISAN)

6

 Association of Mega Filling Station Owners of Nigeria

7

 Depot and Petroleum Marketers Association of Nigeria (DAPMAN)

8

 Jetties & Petroleum Tank Farms Owners of Nigeria (JEPTFON)

 

 

MARKETERS (20)NOT REGISTERED WITH PPPRA BEFORE THEY GOT FIRST

ALLOCATION FOR PRODUCT SUPPLIES

 

S/N

NAMES OF MARKETERS

DATE OF

REGISTRATION

WITH PPPRA

DATE OF 1ST ALLOCATION

1

ANOSYKE GROUP OF COMPANIES

24TH JAN. 2011

18TH JAN. 2011

2

BRILA ENERGY LTD

15TH OCT. 2010

8th OCT. 2010

3

CADEES OIL AND GAS LTD

8TH APRIL 2011

9TH FEB. 2011

4

CEOTI LTD

26TH JAN. 2011

18TH JAN. 2011

5

DOWNSTREAM ENERGY SOURCE

15TH OCT. 2010

8TH OCT. 2010

6

DUPORT MARINE

5TH NOV. 2010

8TH OCT. 2010

7

ECO-REGEN LTD

20TH JAN. 2011

18TH JAN. 2010

8

FRADRO

20TH JAN. 2011

18TH JAN. 2011

9

FRESH ENERGY LTD

5TH AUG. 2011

2ND AUG. 2011

10

LINETRALE OIL

1ST FEB. 2011

30TH DEC. 2010

11

LINGO OIL AND GAS COMPANY

15TH OCT. 2010

8TH OCT. 2010

12

LOTTOJ OIL AND GAS LTD

12TH AUG. 2011

18TH DEC. 2009

13

MENOL OIL AND GAS LTD

28TH JAN. 2011

18TH DEC. 2009

14

NATICEL PETROLEUM LTD

10TH DEC. 2010

10TH AUG. 2010

15

OAKFIELD SYNERGY NETWORK LTD

5TH AUG. 2011

2ND AUG. 2011

16

OILBATH NIG LIMITED

4TH AUG. 2011

2ND AUG. 2011

17

ROCKY ENERGY LTD

27TH JAN. 2011

1ST JAN. 2011

18

PRUDENT ENERGY AND SERVICE LTD

12TH AUG. 2011

2ND AUG. 2011

19

SPOG PETROCHEMICALS LTD

23RD JUNE 2010

4TH JUNE 2010

20

YANATY PETROCHEMICALS NIG LTD

15TH OCT. 2010

8TH OCT. 2010

 

 

 

 

MARKETERS (3) THAT DID NOT MAKE FIRST APPLICATION TO PPPRA FOR SUPPLIES BEFORE THEY GOT THEIR 1ST ALLOCATION

 

S/N

NAMES OF MARKETERS

DATE OF 1ST ALLOCATION

DATE OF FIRST APPLICATION TO PPPRA

QUANTITY ALLOCATED

1

CADEES OIL & GAS LTD

9TH FEBRUARY 2011

13TH JUNE 2011

15,000MT

2

LOTTOJ OIL & GAS LTD

18TH DECEMBER 2009

11TH MAY 2011

10,000MT

3

MOB INTEGRATED SERVICES LTD

8TH OCTOBER 2008

20TH APRIL 2010

15,000MT

 

 

 

 

Marketers  (4) With No Tank-Farms, No Through-Put Agreement With Any Depot But Claimed To Have Discharged Products

 

S/N

Company Name

Quantity (Liters)

Amount (Naira)

1

Nasaman Oil Services Ltd 

 49,691,912

 3,411,253,193

2

 Sifax Oil & Gas Co. Ltd

42,928,602

3,589,063,041

3

 Conoil

46,664,121

3,027,526,589

4

  AX Energy Ltd

20,048,627

 1,471,969,643

 

 

 

 

 

MARKETERS (12) WITH NO TANK-FARMS, HAD THRU-PUT AGREEMENT, NEVER USED SAME  BUT CLAIMED TO HAVE IMPORTED PRODUCTS UNDER PSF

 

S/N

COMPANY

SUPPLIES CLAIMED BUT UNCONFIRMED

2010 & 2011

(LITERS)

DATE OF FIRST THRU-PUT

 

SUBSIDY CLAIMED

(NAIRA)

1

DOWNSTREAM ENERGY SOURCES

39,341,145

N/A

2,947,780,261

2

DUPORT MARINE

47,374,819

N/A

3,555,127,358

3

ECO-REGEN LTD

38,060,916

N/A

3,339,101,218

4

IMAD OIL AND GAS

40,621,597

N/A

2,701,002,852

5

SETANA ENERGY LTD

44,833,464

N/A

2,791,264,070

6

RYDEN OIL TRADING COM

6,033,043

N/A

451,150,983

7

SOMERSET ENERGY SERVICES

39,649,669

N/A

2,172,206,037

8

SULPHUR STREAMS LTD

55,281,456

N/A

4,758,693,054

9

SWIFT OIL

66,649,190

N/A

5,062,403,555

10

TECHNO OIL LTD

6,137,738

N/A

547,179,342

11

TONIQUE OIL SERVICES LTD

65,055,054

N/A

3,827,112,622

12

VALCORE ENERGY LTD

59,270,240

N/A

5,177,393,607

 

 

SCHEDULE OF DISALLOWED CLAIMS  (26) TO DISCHARGES AND SUBSIDY 2010-2011

 

S/N

NAME OF MARKETERS

VOLUME DEDUCTIBLE

LITRES

SUBSIDY REFUNDABLE

N

1

NNPC

 

 

2

ACORN PLC

140,894,149.00

8,514,900,513.00

3

ALMINNUR RESOURCES LTD

46,918,888.00

2,543,800,931.00

4

ANOSYKE GROUP OF COMPANIES LTD

15,769,795.00

1,318,443,535.00

5

ASCON OIL & GAS COMPANY

64,745,352.00

4,451,932,090.00

6

AVANT GARDE ENERGY

19,470,988.00

1,154,824,298.00

7

A - Z PETROLEUM

130,721,532.00

8,065,557,648.00

8

CAH RESOURCES ASSOCIATION LTD

323,005.00

24,206,727.00

9

CHANNEL OIL & PETROLEUM LTD

28,966,976

622,518,071

10

CRUST ENERGY LTD

13,301,936.00

1,192,651,581.00

11

DOWNSTREAM ENERGY SOURCE LTD

39,341,145.00

2,947,780,261.00

12

DOZZY OIL AND GAS LTD

19,081,051.00

1,587,298,801.00

13

DUPORT MARINE LTD

47,374,819.00

3,555,127,358.00

14

ECO-REGEN LTD

38,060,916.00

3,339,101,218.00

15

EURAFIC OIL AND COASTAL SERVICES LTD

42,442,180.00

3,868,147,024.00

16

FIRST DEEP WATER DISCOVERY LTD

12,244,946.00

932,207,739.00

17

FRADRO INTERNATIONAL LTD

45,808,707.00

3,661,643,268.00

18

FRESH SYNERGY LTD

19,350,390.00

1,417,029,059.00

19

HEYDEN PETROLEUM

40,441,260.00

3,345,455,733.00

20

IBAFON OIL LTD

20,134,910.00

1,474,479,459.00

21

IMAD OIL & GAS LTD

40,621,597.00

2,701,002,852.00

22

INTEGRATED OIL & GAS

190,846,561.00

13,252,055,429.00

23

INTEGRATED RESOURCES LTD

13,395,101.00

1,166,486,995.00

24

IPMAN INVESTMENT LTD

113,252,677.00

7,538,589,178.00

25

KNIGHTSBRIDGE

62,705,372.00

1,685,869,439.00

26

LINETRALE OIL SUPPLY AND TRADING COMPANY

18,015,790.00

1,213,903,930.00

 

TOTALS

1,224,230,043

81,575,013,137

 

 

 

PSF Scheme Participants (45) that were classified as tax defaulters

 

S/N

COMPANY NAME

1

A - Z PETRO PRODUCTS

2

ACORN PLC

3

ALMINNUR RESOURCES LTD

4

AMG PETRO ENERGY LTD

5

ANOSKE GROUP OF CO. LTD

6

ASB INVESTMENT COY

7

ASCON OIL COY

8

AVANT GARDE ENERGY LTD

9

AX ENERGY LTD

10.

CAPITAL OIL AND GAS (UNDER FIRS INVESTIGATION)

11

BRILA ENERGY LTD

12

CEOTI LTD

13

CRUST ENERGY LTD

14

DOWNSTREAM ENERGY SOURCES LTD

15

ETERNA OIL

16

FRADRO INTERNATIONAL LTD

17

HONEYWELL OIL AND GAS LTD

18

IMAD OIL AND GAS LTD

19

INTEGRATED OIL AND GAS LTD

20

INTEGRATED OIL RESOURCES LTD

21

KNIGHTSBRIDGE

22

LINGO OIL AND GAS

23

LLOYDS NIG LTD

24

LUBCON LTD

25

LUMEN SKIES LTD

26

MAIZUBE PETROLEUM LTD

27

MENOL OIL AND GAS LTD

28

MOB INTEGRATED SERVICES

29

MUT HASS PETROLEUM LTD

30

NADABO ENERGY LTD

31

NATICEL PETROLEUM LTD

32

OBAT OIL AND PETROLEUM LTD

33

OCEAN ENERGY TRADING & SERVICES

34

OWA OIL AND GAS

35

PETRO TRADE ENERGY LTD

36

PRUDENT ENERGY & RESOURCES LTD

37

RYDEN OIL COY LTD

38

SHIELD PETROLEUM OIL NIG LTD

39

SIFAX OIL AND GAS COY

40

STONEBRIDGE OIL LTD

41

SWIFT OIL LTD

42

TAURUS OIL AND GAS

43

TRIQUEST ENERGY LTD

44

VIVENOI ENERGY NIG LTD

45

YANATY PETROCHEMICAL LTD

 


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