KEY POINTS
- The FG allocated the Cawthorne and Okwok terminals to Swede Control Intertek Limited.
- The CBN announced the approval to banks, regulators, operators and the public.
- The move builds on the CBN’s 2025 restructuring of terminal allocations among inspection agents.
The Federal Government has allocated two additional crude oil export terminals to Swede Control Intertek Limited, one of the country’s pre-shipment inspection agents. The Director of the Trade and Exchange Department at the Central Bank of Nigeria, Aderinola Shonekan, announced the approval in a statement.
Two new terminals join the portfolio
According to the apex bank, the allocation covers the Cawthorne and Okwok terminals. The CBN said it notified Authorised Dealer Banks, the Nigeria Customs Service, the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian National Petroleum Company Limited, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, terminal operators, oil and gas companies and the general public of the decision.
Moreover, the bank confirmed that the two facilities now sit within the agent’s mandate. Consequently, the move expands Swede Control Intertek’s role in monitoring and certifying Nigeria’s crude oil exports, deepening its footprint across the country’s export infrastructure.
Building on the 2025 restructuring
The latest allocation follows the CBN’s restructuring of terminal assignments among pre-shipment inspection agents in April 2025. According to the bank, that exercise aimed to improve operational efficiency, strengthen oversight and enhance transparency in the crude oil export process.
Under the 2025 restructuring, the CBN assigned the Ima (Otakikpo), ERHA and Aarca terminals to Swede Control Intertek. Furthermore, it allocated the Nembe Terminal to Neroh Technologies Limited, the Isan, Enna and Yoho terminals to Holborn Oil and Gas International Limited, and the Tunu, Antan and Odudu terminals to Felton Energy and Investment Limited, among others.
Therefore, the addition of the Cawthorne and Okwok terminals further strengthens Swede Control Intertek’s position within the inspection regime. Ultimately, the government signaled its intent to tighten certification and improve accountability across Nigeria’s crude oil exports, a sector that remains central to the country’s revenue. The CBN framed the step as part of a broader push to make export monitoring more efficient and transparent, even as it keeps several agents active across the nation’s network of loading terminals.
