Petrolex has acquired over 13,000 acres of prime land. and they are
currently concluding the negotiation of another 12,000 acres, to make
the Petrolex Oil City at 101 square kilometres, Africa’s largest
petroleum products hub, with a size that is approximately 10 percent the
size of Lagos state.
The facility will host a 250,000 barrels per day capacity refinery,
estimated to cost $3.5 billion, a lube plant which a cost was put at
$8.5 million. See more photos…
Adebutu also said a tank farm with 300 million capacity to turnover
600,000 million litres/month and a Gas Processing Plant to produce
50,000 Liquefied Petroleum Gas (LPG) cylinders to make LPG gas more
affordable as well as Marshaling Yard, with 4,000 capacity trailer park
in Ibefun would be located within the complex.
