The Federal Government of Nigeria has presented a licence to Mr Tein Jack-Rich for the establishment of Belema Sweet Export Terminal, a hybrid crude oil terminal and the first of its kind in the world.
Presenting the licence on behalf of the Federal Government to Jackrich, on Tuesday in Abuja the Chief Executive Officer of, the Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA).Mr Farouk Ahmed , reiterated the Federal Government’s commitment to the ease of doing business in Nigeria.
According to him, with the presentation of the licence to Belema Sweet Export Terminal, the company becomes the second to acquire such a license, the first being the Nigerian National Petroleum Corporation (NNPC) Exploration and Production Limited.
”In line with this, the authority has processed and hereby approved terminal establishment licenses to these two organisations.
”One is the NNPC Exploration and Production Limited, with 2,179,704 barrels of crude oil terminal at Off Shore Akwa Ibom State within the waters of the exclusive zone.
”The second is the Belema Sweet Export Terminal in Kula, Rivers State, with 2million barrels of crude oil terminal,” Farouk said.
He said that the terminals are expected to operate within the provisions of the conditions of the licences as contained in the document and urged investors to invest in the sector assuring them of government ‘s determination to ensure enabling environment .
On his part,Jack-Rich who spoke afterwards described the event as a great milestone for the country, and a testament to the achievement of President Bola Tinubu under two weeks in office.
He said that the terminal will create over a 100,000 jobs for families in the Niger Delta.
”With the establishment of Belema Sweet Crude Export Terminal, Nigeria now ranks number one in the world to establish a crude oil Export Terminal that is climate conscious, where traditional energy and renewable energy integration is operated through virtual power plant model.
”This is in line with energy efficiency/sustainability to protect our ecosystem,” Jack-Rich said.
”This will also create over 100,000 jobs for families in the Niger Delta and Nigeria at large.
For Modibbo Ahmed, who received the licence on behalf of the NNPC, Nigeria should expect the crude oil terminal in the next one to three months.
