Ekpo Hails BFPCL, COSCO Methanol Vessel Acquisition Deal, Set To Drive Economic Growth, Job Creation

Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has welcomed a major vessel acquisition deal between Brass Fertilizer Petrochemical Company Limited (BFPCL) and COSCO Shipping Lines Co Ltd, highlighting its potential to promote Nigerian content and drive economic growth. The deal, which involves the construction of 16 methanol-powered shipping vessels, valued at $900 million, is set to increase Nigerian companies’ participation in the maritime space, aligning with the Federal Government’s drive to encourage indigenous involvement in critical sectors of the economy. Ekpo in a statement by his spokesman, Louis…

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