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PRESIDENT TINUBU TO INAUGURATE $400M ONSHORE CRUDE OIL EXPORT TERMINAL IN RIVERS STATE
…Facility Built By Green Energy Int’l Ltd Becomes The First Indigenous Terminal After 50 Years of Relying On Multi-Nationals
All is now set for the official commissioning of the Otakikpo Onshore Crude Oli Export Terminal in Rivers State, Nigeria by President Bola Ahmed Tinubu on 8 October, 2025
The facility established by Green Energy International Limited(GEIL) operator of the Otakikpo field OML 11 with operational base in Ikuru town, Andoni local government area of Rivers state is the first Indigenous Onshore Terminal to be built in Nigeria by a wholly indigenous company and the only one to be built in the country in the last 50 years.
The last one before Otakikpo Terminal- Forcados Terminal was commissioned in 1971.
The official Inauguration is expected to be attended by the Governor of Rivers State, Sir Simnalayi Fubara, top government functionaries at the federal level as well as key stakeholders in the oil and gas industry to be led by the Hon Minister of State Petroleum (Oil) Senator Heineken Lokpobiri
In a statement signed by the Executive Director of Legal and Corporate Services , Mr Olusegun Ilori Esq, the completion of the terminal is a strategic initiative that aligns with the determination of the President Bola Tinubu’s administration to boost oil production in the country.
Operators in the oil and gas sector have identified evacuation challenges as a major barrier to achieving the Federal Government’s goal of producing three million barrels of crude oil per day..
The Otakikpo terminal is therefore expected to provide a lifeline to over 40 stranded oil fields who now have a ready evacuation outlet thus unlocking millions of barrels of oil otherwise held down in the wells.
The $400m new Terminal with an initial storage capacity of 750,000 barrels expandable to three million barrels and a loading capacity of 360,000 barrels per day is also expected to support the government’s objective of lowering production cost in the industry.
Chairman /CEO of Green Energy, and Chief Host of the commissioning event Professor Anthony Adegbulugbe noted :
“What we have achieved here is not just a storage solution, but a game-changing national infrastructure that has opened a new pathway for about 40 stranded oil fields to finally contribute to the economy,”
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