4 weeks ago
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By Obas Esiedesa, Abuja
The Federal Government has announced that the commissioning of the $400 cardinal Otakikpo Oil Export Terminal volition easiness crude evacuation challenges and boost Nigeria’s capableness to present crude lipid to the planetary market.
Located successful Ikuru Town, Andoni Local Government Area of Rivers State, the terminal has an export capableness of 365,000 barrels per time and is the archetypal onshore lipid terminal built successful Nigeria successful the past 50 years.
President Bola Tinubu, who inaugurated the facility, described the task arsenic a large milestone successful Nigeria’s efforts to fortify crude lipid accumulation and export infrastructure.
Represented by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, the President said the terminal would besides service arsenic an evacuation way for crude lipid from fields successful Ogoniland and surrounding areas.
He noted that the task aligns with the administration’s priorities of expanding export infrastructure, enhancing section content, and fostering indigenous investment.
“The Otakikpo terminal volition not lone service Green Energy International Limited’s accumulation but volition besides supply an businesslike evacuation outlet for marginal and stranded fields crossed the region, unlocking reserves and creating worth for our economy,” helium said.
Speaking earlier, the Chairman and Chief Executive Officer of Green Energy International Limited (GEIL), Professor Anthony Adegbulugbe, said the Otakikpo terminal was conceived, designed, and executed wholly by Nigerians and completed up of schedule.
He noted that the installation has a retention capableness of 750,000 barrels, expandable to 3 cardinal barrels, and a pumping capableness of 360,000 barrels per day. Since its operational debut successful June 2025, implicit 1 cardinal barrels person already been exported done the terminal.
Adegbulugbe described the task arsenic a catalyst for nationalist growth, opening opportunities for much than 40 stranded fields successful the Niger Delta with implicit 3 cardinal barrels of reserves.
Also speaking, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, said the completion of the terminal represents a large leap for indigenous operators successful the lipid and state industry.
According to him, “By creating an alternate export hub successful Rivers State, the Otakikpo terminal reduces dependence connected existing terminals, galore of which are adjacent capableness and look information and logistical challenges.
“It besides benefits indigenous producers by providing them with nonstop entree to evacuation infrastructure, improving efficiency, and strengthening their competitiveness.”
The station Nigeria expands lipid export capableness with 365,000 BPD Otakikpo terminal appeared archetypal connected Vanguard News.
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