Fynefield Petroleum Products Depot Begins Operation In Calabar

It’s a new dawn of downstream development in the city of Calabar, Cross River State Nigeria as Fynefield Petroleum FZE launches her 40 million litre capacity petroleum products depot which has commenced operation at the Calabar Free Trade Zone.

At the opening ceremony held on Wednesday 8th July, 2015 in Calabar the governor of Cross River State; Prof. Ben Ayade alongside his Delta State counterpart; Dr. Ifeanyi Okowa appreciated the management for bringing such a huge investment and source of employment to the state and the nation at large. The governor further lauded the milestone achievement of the company which will assist in easing the r

ate of products distribution across the country.

The facility which meets international standard compared to others like it, has a combined capacity of 40,734,724 litres with petrol storage capacity of 20,413,594 litres, kerosene storage capacity of 10,157,073 litres and diesel storage capacity of 10,164,057 litres.

While speaking at the occasion, Mr. Gabriel Ogbechie; the company’s managing director highlighted that the depot was built to improve the petroleum products distribution chain in the country, notwithstanding the fact that the facility can serve other states across the federation.

Prof. Ben Ayade while commending Fynefield Petroleum management for bringing the ultra modern depot to the Cross River State, saying they are glad the investment of over 3 billion Naira was made in Calabar which is a contribution to the state’s economy and the nation at large indeed is a very good decision, Although the depot facility would provide both small scale employment opportunities both directly to individuals and indirectly to truck drivers who will deliver products nationwide.

Mr. Ogbechie stressed on some of the challenges faced by the company in doing business efficiently in the area, like the road network from the location of the facility to other parts of the country and called on the government of the state to work hand in hand with the Federal Government in ensuring that the roads are adequately fixed to enable movement of tankers in making delivery to other parts of the country especially to the Northern states through the Calabar-Ikom-Ogoja road. Another challenge of concern raised by him was about the shallow depth of the Calabar River which makes it difficult for fully loaded petroleum products vessels to dock.