8 Jan 2010 - OSL appointed to upgrade LPG terminal
Indigenous integrated energy solutions provider, Oando Plc, says it plans to upgrade its Liquefied Petroleum Gas (LPG) terminal at Apapa, Lagos, to a 7,600 mega tonnes capacity ultra-modern terminal.
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November 2nd 2009
Oando to upgrade LPG terminal
Indigenous integrated energy solutions provider, Oando Plc, says it plans to upgrade its Liquefied Petroleum Gas (LPG) terminal at Apapa, Lagos, to a 7,600 mega tonnes capacity ultra-modern terminal.
This initiative is in line with the company’s commitment to ensure adequate availability of LPG (cooking gas) in the country. To this end, the company has awarded a Front-End Engineering and Design (FEED) contract to Hull-based Engineering Design and Project Management firm, OSL.
Ayo Ajose Adeogun, chief operating officer, Oando Marketing, said: “With this contract, we have moved the project a step closer to commercialisation. Increasing product reception capacity supports abundance of product stock. In turn, this will guarantee retail availability and make gas more affordable. Our ultimate objective is to encourage consumers to switch from wood and kerosene to cleaner and safer cooking gas.”
The FEED, to be executed at a cost of about N100 million, is estimated to be completed by the end of this year. This will form an integral part of acquiring all necessary regulatory approvals.
Construction of the terminal is scheduled for early next year subject to approval, whilst full operation is expected to commence by the end first quarter of 2011. The project will further consolidate Oando’s position in the downstream oil industry and enable it to dominate the domestic gas market.
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