Emaded Energy service has commissioned a multi billion Naira storage facility which has about 50 million litres capacity for petroleum products .
The facility can load between 150 and 200 trucks a day . The facility comprises of three Premium Motor Spirit (popularly known as petrol) tanks of 10,280,000 Litres each; two tanks of 7,220,000 Litres each for Dual Purpose Kerosene and Automotive Gas Oil (or Diesel). The multi-billion Naira depot is located at Ijegun, Amuwo Odofin area of Lagos state.
Among other unique features, the Emadeb Energy Services Limited tank farm has an automated loading system, (which will help to save loading time and spillage), dedicated jetty and a truck park.
Adebowale Olujimi , managing director and chief executive Officer of Emadeb Energy Services Limited, said the Company’s decision to own a tank farm is as a result of its growth strategy and commitment to taking its business to the next level. With the completion of the new state of the art facility, the new Emadeb is a one stop shop for all refined petroleum products.
“The facility, which is first of its kind, is fully automated with software to track activities from any part of the world. It is expected that this software will amongst other things monitor discharge, sales and loading of products”.
He said the dedicated jetty and the modern truck park will eradicate delays at the point of discharge as well as traffic congestion usually experienced around depots.
“Equally worthy of note is the bringing on board of some of the best hands in the industry for effective and efficient use of these facilities to serve our customers better,” he said.
As part of its Corporate Social Responsibility and especially, giving back to its host community, it has undertaken a N700 million road project and standard drainage system with the support of other stake holders.
The ultra modern petroleum products tank farm, was funded by First City Monument Bank (FCMB) Limited. The bank said it supported the project because of it’s desire to contribute to the Nigerian oil and gas sector.
Also speaking at the commissioning ceremony in Lagos , Ola Olabinjo ,the divisional head, Corporate Banking of FCMB, stated that the Bank’s decision to finance the tank farm was borne out of its commitment to the success of the Local Content Act of the Federal Government of Nigeria.
He added that, “we are committed to empowering indigenous operators in the oil and Gas sector to realise their full potentials’’.
The bank boss pointed out that the completion of the tank farm within a record time is a demonstration of FCMB’s capacity in project financing. We believe that this will boost the storage and supply of petroleum products.
He disclosed that FCMB had funded various projects in the Oil and Gas sector, especially in Oil Services and Upstream sectors.
