Business

NIGERIA: Kalu’s Firm Takes Delivery of Two Oil Vessels

Slok Nigeria Limited,  an indigenous company owned by former Abia State Governor, Chief Orji Uzor Kalu,  has taken delivery of two new oil supply vessels from Coastal Contracts Bhd.

The company took the delivery of the two 3,500 DWT PSVs on June 26, at Fujian South East Shipyard, China at an event witnessed by  Kalu and the company’s Group Managing Director, Mr. Joseph Nassif, among others.

According to a statement yesterday by the company, the two oil vessels    brings  to three the number of PSVs received by the Nigerian-based company from Fujian South East in the last 12, adding that the vessels  were on their way to West Africa for deployment.

  “As we represent a leading indigenous player in the upstream sector of Nigeria’s oil and gas industry, our exponential fleet expansion is the fruit of the enforcement of the Nigerian/ Local Content Policy. In addition, we are proud to be a chief and active contributor to the development of capacity of Nigerians in the oil sector,” Kalu said in the statement.

He further stated that “expanding our fleet stands for contributing to the national economy, competing with multinationals, and boosting the job creation dynamics.

“The double acquisition constitutes another milestone in our 2020 vision to continue to acquire and operate vessels in the mid and high –end segments of the OSV industry; it strengthens our experience and expands our footprint in the West African market.”

Nassif expressed gratitude to Diamond Bank Plc “for their belief and commitment to the growth and expansion of SLOK as a major contributor to the oil and gas industry in particular and the Nigerian economy in general.”

He added that the bank has financed numerous transactions for the company for two decades and it deserves commendation.

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