Nigeria exports first crude shipment from $1.3 billion Otakikpo terminal as Dangote Refinery imports more crude

• History has been made arsenic export operations person yet commenced astatine Nigeria's archetypal indigenous onshore terminal
• This holds large value for Nigeria's vigor goals, arsenic the terminal volition present service the adjacent lipid fields
• Meanwhile, the Dangote Petrochemical Refinery has accrued its import volumes from the United States of America

Legit.ng writer Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.

Green Energy International Limited (GEIL) has yet commenced export of crude lipid from its onshore terminal astatine Otakikpo successful Rivers State.

The archetypal shipment moved astatine astir 2 p.m. yesterday, Sunday, June 8, 2025, from the terminal erstwhile an off-taker vas chartered by Shell lifted the maiden crude cargo from the terminal.

The Otakikpo onshore terminal is an expandable $1.3 cardinal facility, and the commencement of shipment from the terminal could people a resumption of operations astatine implicit 40 stranded lipid fields.

Dangote Refinery is importing crude to conscionable the request arsenic it strives to attain afloat capacity. Photo credit: Ernest Ankomah, Contributor
Source: Getty Images

The institution said the export was completed connected Sunday, June 8, located successful the Otakikpo marginal field, Rivers State.

History made astatine Nigeria's archetypal indigenous terminal

It is besides Nigeria’s archetypal indigenous onshore crude export terminal successful implicit 50 years of crude lipid production, and its archetypal crude lipid shipment is important to the aboriginal of lipid and state exports successful the country.

The institution said, successful its statement, that the terminal has been completed and is present acceptable to commence operations.

Chairman of GEIL, Prof. Anthony Adegbulugbe, stated that the terminal had an archetypal concern of $400 cardinal and a full projected outgo of $1.3 billion.

He noted that it was completed wrong 2 years, up of schedule, and had an archetypal retention capableness of 750,000 barrels, expandable to 3 cardinal barrels.

Nigeria acceptable to conscionable crude accumulation targets

This is simply a invited improvement coming astatine a clip erstwhile Nigeria is struggling to conscionable its crude accumulation people due to the fact that of its anemic and outdated infrastructure.

With accumulation costs arsenic precocious arsenic $48 per tube successful immoderate lipid fields, Nigeria’s nett margins person stayed slim, but the caller installation could alteration that.

According to the GUARDIAN, a sojourn to the installation showed it to beryllium a viable alternate that could trim extraction costs and assistance Nigeria conscionable crude lipid production targets.

It volition supply strategical evacuation options for astir 40 adjacent lipid fields holding implicit 3 cardinal barrels of oil.

Nigeria edges person to crude output people arsenic archetypal shipment departs Otakikpo terminal Photo credit: Contributor
Source: Getty Images

Analysts accidental the terminal volition enactment Nigeria's energy goals by attracting caller concern into the sector, increasing production aft the caller decline, and reducing reliance connected the offshore terminals.

Dangote Refinery imports much crude from US

In related news, Dangote Petroleum Refinery has accrued its processing levels and is sourcing crude lipid from different countries to conscionable its needs.

Legit.ng reported that the trouble successful sourcing capable crude locally has led the refinery to research crude from the USA.

New information shows that since 2025, Dangote Refinery has sourced astir one-third of its crude from the USA.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng