The Federal Government has commissioned the $400 million Otakikpo Oil Export Terminal in Rivers State to address crude evacuation challenges and expand Nigeria’s oil export capacity.
Located in Ikuru Town, Andoni Local Government Area, the new terminal has a capacity of 365,000 barrels per day and is the first onshore oil terminal built in Nigeria in 50 years.
President Bola Tinubu, represented by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said the project marks a major step in improving crude production and export infrastructure. He added that the terminal would serve as a key evacuation route for crude from Ogoniland and nearby fields.
“This project aligns with our administration’s core priorities to ramp up oil production, expand export infrastructure, and promote indigenous participation under the PIA and Presidential Directives 40 and 41,” Tinubu stated. “The terminal will unlock billions of barrels of reserves and create value for the economy.”
Chairman and CEO of Green Energy International Limited (GEIL), Professor Anthony Adegbulugbe, said the project was conceived, designed, and delivered entirely by Nigerians within two years and ahead of schedule.
He disclosed that the terminal has a storage capacity of 750,000 barrels, expandable to three million barrels, with a pumping capacity of 360,000 barrels per day. Since operations began in June 2025, more than one million barrels have already been exported through the facility.
Adegbulugbe added that the terminal could unlock over 40 stranded oil fields in the region, holding about three billion barrels of reserves, potentially adding 200,000 barrels per day to Nigeria’s total production.
Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, described the terminal as a major milestone for indigenous companies, noting that it reduces dependence on aging terminals, lowers export costs, and enhances national crude evacuation efficiency.
