Nigeria’s Oranto Petroleum is interested in The Bioko Oil Terminal (BOT) project in Equatorial Guinea, Petroleum Africa reported.

According to Asoko Insight, The Nigerian company expressed its interest in investing in a crude oil and petroleum products storage facility at the terminal.

“This is a truly revolutionary project and we expect to attract a lot more interest in the months to come” Minister of Mines and Hydrocarbons of Equatorial Guinea, Gabriel MbagaObiang Lima, stated.

“Our country, with the help of partners like Oranto Petroleum and Arabia Energy, will become an international center for crude oil and petroleum products trading, transforming the oil and gas industry here in Equatorial Guinea and across Africa” he added.

“We’ve expressed our serious intent to join the BOT project and build on an already strong partnership with the Government of Equatorial Guinea. This is an opportunity to be a founding partner, an investor and a client of a project that will bring jobs, growth and global attention to Africa’s west coast oil sector.” Oranto’s Chairman, Prince Arthur Eze, noted.

Bioko Oil Terminal will contain 22 storage tanks and will have a capacity of 1.2mcm. The terminal will be built in two phases, the first consisting of refined production and the second capable of storing, handling and blending middle distillates and lights ends such as diesel, jet fuel, gasoline and naphtha, as well as crude oil. The shared terminal infrastructure will be operated on a “first come, first served” basis.