Tinubu to inaugrate $400m Rivers crude export termnial
President Bola Tinubu is scheduled to inaugurate the $400m Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, the first new crude export facility to be built in Nigeria in over 50 years.
The facility, developed by Green Energy International Limited, operators of the Otakikpo field in OML 11, Ikuru town, Andoni Local Government Area of Rivers State, is the first wholly indigenous onshore terminal built in Nigeria. The last such facility, the Forcados Terminal, was commissioned in 1971.
The inauguration is expected to attract top government officials, including the Rivers State Governor, His Excellency, Sir Siminalayi Fubara, the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri and key stakeholders across the oil and gas sector.
According to a ...