Skip to content

Live On Air

🎧 Listen Live 🔴

  • Home
  • Classic TV
  • Shows
  • The Crew
  • News
  • Events
  • Competitions

Tinubu to Inaugurate $400m Otakikpo Oil Terminal in Rivers

News

Tinubu to Inaugurate $400m Otakikpo Oil Terminal in Rivers

President Bola Tinubu will inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8—the first new crude export terminal built in Nigeria in over 50 years.

Developed by Green Energy International Limited (GEIL), the facility is also Nigeria’s first wholly indigenous onshore terminal since Forcados was commissioned in 1971.

Located in Ikuru Town, Andoni LGA, the terminal is expected to ease longstanding crude evacuation challenges and support over 40 stranded oil fields, boosting production and lowering costs for local producers.

With a storage capacity of 750,000 barrels (expandable to 3 million) and a loading capacity of 360,000 barrels per day, the terminal is part of efforts to revive investor confidence in Nigeria’s oil sector.

GEIL Chairman, Prof. Anthony Adegbulugbe, called it a “game-changing national infrastructure,” while GEIL’s Executive Director, Olusegun Ilori, said it aligns with Tinubu’s push to raise output and improve industry efficiency.

Top government officials, including the Minister of State for Petroleum (Oil) and Rivers State Governor, are expected at the event.

READ ANOTHER STORY.

More Posts

Amupitan to Resume as INEC Chair Next Week

Amupitan to Resume as INEC Chair Next Week

Read More »
FAAN Targets Full ISO Certification by December 2025

FAAN Targets Full ISO Certification by December 2025FAAN Targets Full ISO Certification by December 2025FAAN Targets Full ISO Certification by December 2025

Read More »
NARD to Review Ultimatum in Emergency Meeting

NARD to Review Ultimatum in Emergency Meeting

Read More »
Lagos Promises Compensation for Demolitions with Valid Permits

NDLEA Foils Drug Smuggling via Snails, Bulbs, and Clothing

Read More »
  • 2025 Copyright © Megalectrics Limited
  • Privacy Policy
  • Terms
Facebook-f Instagram Twitter Youtube
Facebook-f Instagram Twitter Youtube
  • Copyright © 2022 Megalectrics Limited
  • Listen Live

Live On Air

  • About Us
  • Shows
  • News
  • Classic TV
  • The Crew
  • Contact Us

Classic 97.3 FM

LAGOS

26 Keffi Street, Off Awolowo Road, Ikoyi, Lagos

  • Port-Harcourt
  • Abuja
  • Privacy Policy
  • Terms
  • 2025 Copyright © Megalectrics Limited
Facebook-f Instagram Twitter Youtube
  • Listen Live

Live On Air

  • Home
  • About Us
  • Classic TV
  • Shows
  • The Crew
  • News
  • Contact Us
Facebook-f Instagram Twitter Youtube
  • Privacy Policy
  • Terms
  • Copyright © 2022 Megalectrics Limited