Stowvat Investments Limited: Seplat loses $61m as Forcados remains shut

Stowvat Investments Limited

Stowvat Investments Limited is a leading marketer and trader of various Nigerian light crude oil and refined petroleum products worldwide. The secret of Stowvat Investments Ltd's success is based on our continuous developing strategies that guarantee quick delivery at competitive discounted prices that many buyers cannot find elsewhere.

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Through our Associate Crude Oil Marketers and Financiers, we remove fear of non performance with high percentage of performance bond or through bearing the costs of BG/SBLC transmission to our Bank. In TTO/TTT Transactions we offer APG (Advanced Payment Guarantee) equal to the amount of funds our buyers pay to us for Logistics as part of their capability.

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Friday, 29 July 2016

Seplat loses $61m as Forcados remains shut

*Production down by 21% Kunle Kalejaye 29 July 2016, Sweetcrude, Lagos — Seplat, an independent indigenous Nigerian oil exploration, and production company posted an after-tax lose of $61 million sequel to the shut-in and suspension of oil export at the Forcados terminal. In mid-February 2016, militants in Nigeria’s oil-rich region, Niger Delta blew up pipeline […] More »