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Chetanne Chinelo, Enugu

President Muhammadu Buhari is set to commission an FZE Terminal belonging to Pinnacle Oil and Gas Limited in the Lekki Free Trade Zone Terminal.

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In a brief statement made available to Pacesetter Magazine, the Presidential commissioning is set to hold on Saturday, October 22, 2022 by 11am at the Lekki Free Trade Zone, Ibeju-Lekki, Lagos, and will be performed by President Muhammadu Buhari.

The terminal is a major disruptive innovation which would transform the whole downstream value chain.

The CEO of Pinnacle Oil and Gas Limited also described the terminal as a resilient infrastructure with the capacity to export and import from the same pipeline.

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Meanwhile, he expressed optimism that Nigeria would soon become a net exporter of refined products.

“We have built a resilient infrastructure. We have the capability to export and import from the same pipeline.

“We believe that over time, with the investment we are seeing, Nigeria will become the net exporter of refined products,” he said.

Pinnacle is an Indigenous Oil and Gas company active across the entire downstream value chain, with emphasis on the petroleum trading, marketing, distribution and retail segments of the Nigerian Oil and Gas Sector.

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The company was founded in 2004 with headquarters in Lagos, one of Africa’s largest business hubs. 

Commencing operations in 2008, Pinnacle has a 23 percent leading market share in the downstream sector of the oil and gas industry.

The Chief Executive Officer of Pinnacle Oil and Gas, Mr. Peter Mbah, is the 2023 Peoples Democratic Party (PDP) governorship candidate for Enugu State.

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More details later…