President Bola Ahmed Tinubu has commended Green Energy International Limited (GEIL) for setting a new benchmark in Nigeria’s oil and gas sector with the successful commissioning of its crude oil export terminal in Otakikpo, Rivers State.
The terminal, the first built by a Nigerian company and the only one constructed in the country in over five decades, marks a major milestone in Nigeria’s quest to boost crude oil production and enhance local participation in the energy industry.
According to the President, the new export facility will provide an efficient evacuation route for marginal and stranded oil fields across the Niger Delta region. This, he said, will unlock billions of barrels of reserves, drive investment, and create significant economic value — key priorities of his administration.
Speaking through the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, President Tinubu praised GEIL for its innovation, vision, and execution of the landmark project, describing it as a shining example of indigenous capacity and enterprise.
“The project represents a new and positive chapter in Nigeria’s oil and gas industry,” the President said. “It aligns with my administration’s goals of increasing crude production through a secure, transparent, and efficient evacuation system.”
Tinubu also assured GEIL and other compliant operators of continued government support and collaboration, encouraging them to remain committed to operational excellence and local value creation.
In his remarks, GEIL’s Chairman, Prof. Anthony Adegbulugbe, expressed gratitude to the President for his consistent support and encouragement. He highlighted that the terminal was conceived, designed, and executed entirely by Nigerians and completed in just two years.
Adegbulugbe added that the facility would serve as a game-changer for the region:
“The terminal opens the door to more than 40 stranded fields in the Niger Delta with over 3 billion barrels of reserves. These fields alone could contribute more than 200,000 barrels per day to Nigeria’s production.”
The new export terminal is expected to strengthen Nigeria’s oil infrastructure, enhance revenue generation, and promote self-reliance in the petroleum sector.
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