By Abimbola Ogunnaike
The Nigerian Mainstream and Downstream Petroleum Regulatory Authority, NMDPRA has presented a licence for the establishment of Belema Sweet Expert Terminal.
While presenting the licence in Abuja on Tuesday, 13 June, 2023, the Chief Executive of NMDPRA, Farouk Ahmed, explained thatthe Federal Government’s commitment to the ease of doing business in Nigeria
According to Ahmed that with the presentation of the licence to Belema Sweet Export Terminal, the indigenous oil company became the second to acquire such a license, the first being the Nigerian National Petroleum Corporation (NNPC) Exploration and Production Limited.
The NMDPRA boss explained that except in accordance with the appropriate licence by the Authority, no company or entity had the right to engage in any exploration activity in the country, except the two companies.
Ahmed added that no entity had the right to operate, establish a terminal or other facilities for export or importation of crude oil or petroleum products.
”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 OffShore 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,” Farouk said.
On his part, the CEO of Belema Oil, Tein Jack-Rich said the event marked a great milestone for the country, and attestation to the great success story of President Bola Tinubu, in less than two weeks of assuming office.
”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 a virtual power plant model.
”This is in line with energy efficiency/sustainability to protect our ecosystem.
”This will also create over 100,000 jobs for families in the Niger Delta and Nigeria at large”, he said.
Also speaking, Mr Modibbo Ahmed, who received the licence on behalf of the NNPC, said that Nigeria should expect the crude oil terminal in the next one to three months.
Belema Sweet Export Terminal Project is designed to be the first hybrid crude oil export terminal in the world.