{"id":67590,"date":"2025-06-08T18:56:54","date_gmt":"2025-06-08T18:56:54","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=67590"},"modified":"2025-06-08T18:56:54","modified_gmt":"2025-06-08T18:56:54","slug":"green-energy-completes-first-crude-export-from-otakikpo-terminal","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/06\/08\/green-energy-completes-first-crude-export-from-otakikpo-terminal\/","title":{"rendered":"Green Energy Completes First Crude Export from Otakikpo Terminal"},"content":{"rendered":"

By Anifowoshe Oladipupo<\/strong><\/p>\n

Green Energy International Limited has successfully completed the first crude oil export from its newly built Otakikpo onshore terminal, marking a significant advancement in Nigeria\u2019s oil and gas sector.<\/p>\n

The export took place around 2pm on Sunday June 8 when an off-taker vessel chartered by Shell lifted the maiden cargo from the terminal situated in the Otakikpo marginal field in Rivers State.<\/p>\n

This development represents the first time in over 50 years that Nigeria is witnessing the construction and operation of a privately owned onshore crude export terminal.<\/p>\n

Chairman of Green Energy, Prof. Anthony Adegbulugbe, described the milestone as historic.<\/p>\n

He attributed the achievement to divine grace, the resilience of the company\u2019s workforce, and support from regulatory authorities.<\/p>\n

\u201cWe are grateful to all our partners and commend the tireless efforts of our indigenous technical team who made this possible.<\/p>\n

“This is a proud moment not only for Nigeria but for African-owned energy initiatives,\u201d he said.<\/p>\n

The terminal has an initial storage capacity of 750,000 barrels with expansion potential to three million barrels.<\/p>\n

It also includes a pumping capacity of 360,000 barrels per day for loading export tankers.<\/p>\n

According to Adegbulugbe, the terminal was completed in less than two years and is the first crude facility developed by a private African operator.<\/p>\n

He disclosed that GEIL had already invested over 400 million dollars in the first phase of the project, with full development projected to surpass 1.3 billion dollars.<\/p>\n

The facility is built to accommodate up to 250,000 barrels per day of crude injection, while current production from the Otakikpo field stands at around 10,000 barrels per day.<\/p>\n

The company noted that the terminal will also serve as a strategic evacuation route for over 40 nearby stranded oil fields, collectively estimated to hold more than three billion barrels of oil equivalent.<\/p>\n

Industry analysts believe the new terminal will enhance Nigeria\u2019s crude production, reduce reliance on offshore export points, and attract new investments into the nation\u2019s energy sector.<\/p>\n

With global demand for African crude on the rise, the Otakikpo terminal is expected to bolster Nigeria\u2019s competitiveness and play a crucial role in achieving the country\u2019s long-term energy objectives.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Anifowoshe Oladipupo Green Energy International Limited has successfully completed the first crude oil export from its newly built Otakikpo onshore terminal, marking a significant advancement in Nigeria\u2019s oil and gas sector. The export took place around 2pm on Sunday June 8 when an off-taker vessel chartered by Shell lifted the maiden cargo from the […]<\/p>\n","protected":false},"author":32,"featured_media":67591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,172],"tags":[59],"class_list":["post-67590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/67590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=67590"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/67590\/revisions"}],"predecessor-version":[{"id":67592,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/67590\/revisions\/67592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/67591"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=67590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=67590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=67590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}