Home Business News This is how Petrolex Group will contribute to the oil and gas...

This is how Petrolex Group will contribute to the oil and gas industry

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Petrolex Mega Oil City was commissioned yesterday and was witnessed by creme-de-la-creme of the society. The 300 million litre capacity tank farm located at Ibefun, Ogun-State was graced by the Vice-President Prof. Yemi Osinbajo.

Also in attendance was Former President Olusegun Obasanjo, Senate President Bukola Saraki( represented by Senator Dino Melaye) representative of the Ogun State Gorvernor, Governors Samuel Ortom of Benue State and Abiola Ajimobi of Oyo State, Minister of State for Petroleum Dr. Ibe Kachiukwu, Gruop Managing Director, NNPC, Engr. Maikanti Baru, members of the National Assembly, Sir Kesington Adebutu,  captains of industries and royal fathers.

Fact File of the Petrolex Mega Oil City

The management has announced  the delivery of the first phase which are as follows:

  • 300 million litre capacity tank farm
  • A 4,000 truck capacity park
  • 16 Barges
  • 30 Loading Gantries
  • 30 KT Vessel
  • 8 Tugboats

Petrolex Group tank farm1

Petrolex projects the delivery of these facilities by 2020 as :

  • 350 Petrol stations
  • 1.2 litres Capacity Storage
  • Lube blending plant
  • Gas processing facility
  • Petrochemical plant

Socio-Economic Impact

  • Over 10,000 new jobs to be created in the short term (direct and indirect)
  • Over 500% improved throughout capacity for distribution of petroleum products
  • Excessive social investments to impact over 2 million lives
  • Approximately 60% decongestion of the apapa and Ibafo tanker traffic and elimination of of associated hazards.

The commissioning of Petrolex’s mega oil city marks the beginning of a legacy that is poised to impact economies and accelerate sustainable development.

From conceptualization through to construction, the grand structure is designed to bring a new wave of progress by delivering energy solutions that will facilitate business and industry across West Africa.

The world class tank farm is equipped with an impressive array of technologically advanced facilities in line with global safety standards.

These include 30 loading gantries,residential quarters,army barracks and an automated 4,000-truck capacity trailer park with accommodation for drivers.

Petrolex Group is an integrated energy conglomerate that provides services spanning across refining, storage, distribution and retailing of petroleum products. The Petrolex Mega Oil City is a legacy investment currently valued at over $330million.

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