Question NW2641 to the Minister of Energy
27 September 2017 - NW2641
Mackay, Mr G to ask the Minister of Energy
Whether there is a trading unit operating within the Strategic Fuel Fund; if so, can her department provide to Mr G Mackay (a) a copy of a ministerial determination that established the trading division and (b) the full list of trades that have been executed since the establishment of the trading unit?
Reply:
(a) We can confirm that Strategic Fuel Fund has a trading unit. Minister received a request from SFF and an approval was granted by the then Minister and (b) Trading of crude oil allocation from the Nigerian National Petroleum Company.