Construction work has started on the Tomaro Industrial Park, which comprises a storage terminal, oil rig fabrication plant, refinery and shipyard.
The park, which was made a free trade zone by the federal government as part of its efforts to industrialise the nations economy, will cost around $450 million.
Captain Emmanuel Ihenacho, chairman and CEO of Integrated Oil and Gas/Genesis Shipping Worldwide, told journalists in a site tour that the storage facility consists of 30 tank bases with a capacity of 500 million litres. With that capacity, NNPC will be able to draw fuel for 15 days when there are interruptions in fuel supply in the country.
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