Federal Government has approved the establishment of Crude Oil Export Terminal
in the Kula axis of Rivers State by Belemaoil Producing Ltd.
approval was contained in a letter dated 7th May, 2019 signed by the Director
of the Department of Petroleum Resources (DPR), Mr. Mordecai B. D. Ladan and
conveyed to the Management of Belemaoil.
statement said the approval will enable Belemaoil establish a Floating Storage
and Offloading Vessel which will operate as a Crude Oil Export Terminal to be
known as Belemaoil Terminal Kula.