CBOD to set up a special committee to lead the review of existing NPA ACT
The Chamber of Bulk Oil Distributors is reviewing the current National Petroleum Authority (NPA) ACT, 2005(ACT 691). This is in lieu of the overall amendment by the regulator, National Petroleum Authority. The NPA seeks to amend and /or repeal certain sections of the NPA ACT,2005 (ACT 691) because of key developments that have emerged in […]
CBOD expands membership to cover all petroleum processing, storage, trading and related service companies
The Chamber of Bulk Oil Distributors has formally invited into its membership petroleum processing, storage, trading and related service companies, as well as allied oil industry organizations in the downstream sector. This is in accordance with Article 17 of the CBOD Constitution. The Chamber offers four categories of members depending on their business object as […]
CBOD amends subscription regime
The Chamber of Bulk Oil Distributors has amended the billing system of the secretariat. This is a shift from the current throughput-based regime. Per the new regime, Bulk Import, Distribution and Export Companies (BIDECs) are required to pay an annual fee of USD30,000 which is now included in the annual licence renewal fee which has […]
