Green Energy unveils Nigeria’s first $400m indigenous crude export terminal
Green Energy International Limited (GEIL) has unveiled the Otakikpo Onshore Crude Oil Export Terminal, a $400 million milestone project celebrated as Nigeria’s first wholly indigenous onshore crude export terminal.
Olu Verheijen, Special Adviser to the President on Energy, made this development known through her official X (formerly Twitter) page on Wednesday.
“It gives me great pleasure to congratulate my dear brother, Professor Anthony Adegbulugbe, former Special Adviser on Energy and Strategic Matters to President Olusegun Obasanjo, and an illustrious son of @OndoStateOnline, on the successful launch of the $400 million Otakikpo Onshore Crude Oil Export Terminal by Green Energy International Limited,” she stated.
“This first wholly indigenous facility of its kind in over five decades is a landmark achievement, showcasing visionary leadership, technical depth, and Nigeria’s growing capacity to deliver world-class energy infrastructure,” Verheijen added.
Speaking at the inauguration, President Bola Tinubu, represented by Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), described the project as a major milestone that aligns with his administration’s Renewed Hope Agenda.
He noted that the terminal underscores Nigeria’s determination to expand its energy infrastructure, deepen indigenous participation, and bolster national energy security.
Reaffirming the enduring relevance of hydrocarbons to Nigeria’s economy, Tinubu said, “Oil and gas will never go away. The International Energy Agency has now admitted that the world must invest over $540 billion yearly in the upstream sector to avoid an energy crisis. We cannot abandon our God-given resources.”
The President also revealed that the Federal Government was in talks with Ogoni leaders to resolve long-standing disputes that have hindered oil production in the region.
