Vice President Kashim Shettima has departed Abuja for Dubai, UAE, to represent President Bola Tinubu at the unveiling of a $315 million oil production and storage facility.
Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications in the Office of the Vice President disclosed that the facility, fully owned by Oriental Energy Ltd , OEL, a leading Nigerian independent oil and gas company established in 1990, will be commissioned on December 14.
OEL has become a significant player in Nigeria’s oil sector, with key operations in the Niger Delta, including offshore OML 98 and OML 115 blocks. The company focuses on exploration, production, and the development of oil storage and transportation infrastructure, aiming to boost Nigeria’s oil export capacity and meet global energy demands.
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The company’s continued investment in both upstream and midstream projects supports Nigeria’s energy security and economic growth, positioning OEL as a key player in the nation’s oil industry.
After the Dubai event, Vice President Shettima will travel to Saudi Arabia for a lesser hajj (Umrah) pilgrimage to the holy cities of Madinah and Makkah, scheduled for December 16 to 19.
The Vice President is scheduled to meet with the President of the Islamic Development Bank, IsBD, in Jeddah on December 20. Their discussions will focus on co-financing arrangements for the Special Agro-Industrial Processing Zones Phase II, and strengthening coordination of IsDB projects in Nigeria to support the nation’s agricultural and economic growth.
The Vice President is expected to return to Nigeria by December 21 at the latest.
Credible News.ng
