The Federal Government is set to establish the first Hybrid Crude Export Terminal, with eight million barrels storage capacity in Rivers state.
Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), while presenting the project licence to the Chief Executive Officer (CEO), BelemaOil Producing Limited, Mr Tein Jack-Rich said the Federal Government was totally committed to the ease of doing business in Nigeria.
He said the terminal will be called the Belema Sweet Export Terminal.
