Nigeria’s government has authorized a local oil company to operate a new floating crude oil export terminal off the coast of the Rivers state in the oil-rich but still troubled Niger Delta. Belemaoil Producing Ltd has been allowed to moor a floating storage and offloading (FSO) unit and use it as a crude oil export terminal, according to a letter signed by the Director of Nigeria’s Department of Petroleum Resources (DPR), Mordecai Ladan, Nigerian media report. The new terminal, which will be known as Belemaoil Terminal Kula, is expected to create more than 10,000 jobs and other opportunities for the unemployed youths in the area, according to Samuel Abel-Jumbo, External Relations Manager at Belemaoil. Not all local communities in the Niger Delta have been happy with the major international oil companies operating in their region, and Nigeria’s oil industry has frequently suffered sabotages, oil theft, vandalism, and militant attacks […]