As part of efforts aimed at salvaging the infrastructure deficit in the downstream sector of the petroleum industry, Oando, Nigeria’s leading indigenous energy player, conceived the construction of a mid-stream jetty, Leadership reports.

According to the company, the facility will not only ease the plight of oil marketers’ but will save the country over $120million in demurrage annually. A statement from the company said the jetty recently berthed its first cargo following statutory checks; the MT FALCON NOSTROS, a 22,000MT cargo vessel.

Speaking at the maiden berth, the Chief Executive Officer of OVH Energy, Oando’s Downstream licensee, Mrs. Olaposi Williams said, “This maiden vessel is further proof that the Jetty’s entire integrated product discharge and receipt systems can support requisite operational rigours.”

Industry experts are of the view that the facility will provide a more efficient platform for product receipt to all marketers currently using the MOMAN jetty, stressing that it has an immense value as it will allow 45,000DWT vessels to berth and discharge their products without lightering and demurrage.