Sanwo-Olu commissions Pinnacle Oil’s Lekki Petroleum Products Terminal in Lagos

Lagos State Governor, Babajide Sanwo-Olu has commissioned the Pinnacle Oil’s Lekki Petroleum Products Terminal, at the Lekki Free Trade Zone in the state.

The governor announced this in a statement released in Lagos on Saturday.

Sanwo-Olu said: “The Lekki FTZ is Nigeria’s most active and vibrant Free Trade Zone, and it embodies what Lagos represents. Which is vision, commitment, and an enduring spirit of excellence; this is what we have always stood for.

“Pinnacle oil’s Petroleum Products Terminal has been designed to make possible the direct transfer of petroleum products from large vessels, through its Conventional Buoy Mooring (CBM) and Single Point Mooring (SPM) facilities.

“What this means is that vessels as large as between 90,000 Dead Weight Tons (DWT) and 150,000 DWT can conveniently berth here, and discharge their products efficiently, with minimal turnaround time.

“In addition, this facility can store up to 300 million litres of refined Petroleum Products. By all standards this is an impressive facility, built to the highest standards available anywhere in the world.

“The facility will not only serve Nigeria, it is also being positioned to serve the export market across West Africa, cementing Lagos’ place as the prime hub for commerce and logistics in West Africa.”

The governor commended the Pinnacle Oil and Gas for bringing this massive industrial dream to reality, as part of its commitment to ‘Fueling Nigeria’.

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