They are the first set of licences to establish crude oil terminals, sealed and granted by the NMDPRA.
Speaking at the signing of the Terminal Establishment Licences, Mr Ahmed said the development would add more than four million barrels of capacity to Nigeria’s Export Storage.
He said the licence which it processed and approved enables one to establish, construct or operate a terminal or other facility for the export or importation of crude oil or petroleum products. The Chief Executive Officer of Belema Oil Producing Ltd., Tein Jack-Rich, who lauded the federal government for facilitating business operations in Nigeria said the terminal would bring Nigeria to a global scale as a high-breed terminal.
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