December 7 2017 – Petrolex Oil And Gas Limited Opens Africa’s Largest Crude Oil Tank Farm In Ibefun Ijebu Ode Ogun State Nigeria Next Week
Come Tuesday December 12, 2017, the largest tank farm in Africa will be opened in Ibefun area of Ijebu Ode Ogun State Nigeria.
The project which is part of Petrolex Oil and Gas Limited Mega Oil City was designed to revolutionise Nigeria’s oil and gas landscape.
“A first of its kind in sub-Saharan Africa, the 300 million-litre tank farm will be commissioned by Vice President Yemi Osinbajo.
It has the capacity to turnover 600 million litres of petroleum products every month, enabling products to be stored and distributed effectively and more efficiently.
The facility is expected to create over 10,000 new direct and indirect jobs, improve throughput capacity for distribution of petroleum products by over 500 per cent, whilst Petrolex’s extensive social investment programme is expected to impact over two million lives and maintain a very healthy balance with the environment,” the company said in a statement on Thursday.
Equipped with state-of-the-art technology, the facility is set to decongest Apapa and Ibafo tanker traffic by 60 per cent, thereby eliminating hazards associated with storage and transportation of petroleum products in those areas.
“As a solutions-driven company, we are positioned to drive increased efficiency and consistent value creation across the West African downstream oil and gas value chain through our strategic investments and the delivery of superior quality products and services. Working with our diverse stakeholders, the successful completion of the first phase of our mega oil city in Ibefun, Ogun State, Nigeria demonstrates our disciplined approach to project management and signposts our ability to execute large-scale energy development projects that will move the region forward,” added Segun Adebutu, Chairman/CEO of Petrolex Oil and Gas Limited.
To facilitate the achievement of its strategic goals, Petrolex has 16 barges, eight tugboats and a 30KT vessel.
In addition, Petrolex Mega Oil City has a residential quarters, army barracks, 30 loading gantries, gas processing plant, and a 4000-truck capacity park with accommodation for drivers.
The tank farm is highly accessible through land and waterways; with easy access from the Atlantic Ocean.
Its proximity to the Lagos market, and easy accessibility to the Northern and Eastern parts of Nigeria gives it a strategic advantage, as customers can load their products in unprecedented time and avoid delays.