History was made yesterday when the new Otakikpo crude oil terminal, built by Green Energy International Limited (GEIL), operator of the Otakikpo oilfield in Rivers state, concluded its first export through the $400 million facility.
It’s the first onshore crude export terminal to be constructed by an indigenous company as well as the first in over five decades to be built by any operator in the country, including the International Oil Companies (IOCs).
The maiden cargo from the terminal was lifted by an off-taker vessel, MV by Shell, at 14.00 hours, a proof of the successful construction and operational readiness of the terminal, a statement from the company said.
