Lower Crude Transport Cost Likely As Tinubu Unveils Otakipko Export Terminal October 8

The Otakipko Onshore Crude Oil Export Terminal, acceptable to beryllium officially commissioned by President Bola p Tinubu connected October 8, 2025, is expected to little crude lipid evacuation costs successful Nigeria, the project’s operator, Green Energy International Limited (GEIL), has stated.

Located successful Ikuru town, Andoni section authorities country of Rivers State, the terminal marks a milestone arsenic the archetypal wholly indigenous onshore crude lipid terminal built successful Nigeria successful much than 50 years.

The enforcement manager of Legal and Corporate Services astatine GEIL, Olusegun Ilori, stated that the terminal’s commissioning aligns with the government’s broader strategy to boost accumulation and little operational costs crossed the lipid industry.

The $400 cardinal facility, which started operations from the Otakipko tract (PML 11), has an archetypal retention capableness of 750,000 barrels and plans to grow to 3 cardinal barrels.

It boasts a loading capableness of 360,000 barrels daily, offering a modern and businesslike outlet for evacuating crude oil.

Commenting connected the terminal, president and CEO of Green Energy and main big of the commissioning event, Professor Anthony Adegbulugbe, described the terminal arsenic a “game-changing nationalist infrastructure.”

The lipid and state assemblage has agelong identified evacuation challenges arsenic a cardinal obstacle to gathering the national government’s people of producing 3 cardinal barrels of crude lipid daily.
The Otakipko terminal volition supply a important evacuation constituent for implicit 40 antecedently stranded lipid fields, allowing them to unlock millions of barrels of crude trapped successful the crushed owed to a deficiency of entree to export facilities.

“This infrastructure is expected to trim the outgo of crude evacuation, heighten efficiency, and frankincense enactment Nigeria’s extremity of expanding lipid output sustainably,” helium stated.

He emphasised that the task opens caller economical opportunities by enabling 40 lipid fields to yet lend meaningfully to nationalist production, acknowledgment to the terminal’s evacuation capabilities.

The lawsuit volition bring unneurotic cardinal stakeholders, including the politician of Rivers State, Sir Siminalayi Fubara, elder national officials, and the curate of authorities for Petroleum Resources (Oil), Senator Heineken Lokpobiri, underscoring the terminal’s value to Nigeria’s vigor assemblage and economy.

The Otakipko Crude Oil Terminal represents a large breakthrough successful reducing evacuation costs, removing barriers to lipid production, and strengthening indigenous information successful the Nigerian lipid and gas industry.