Nigerian multi-millionaire oil tycoon Igho Sanomi to build giant oil storage terminal in Equatorial Guinea

Igho Sanomi, Founder and CEO, Taleveras Group

Taleveras Group, an oil trading firm owned by Igho Sanomi, a 39 year-old Nigerian businessman, has signed an agreement with Equatorial Guinea’s Ministry of Mines, Industry and Energy to construct what will be one of the largest oil storage terminals in Africa.

According to the press release, the agreement was signed on the December 20th, 2014 at a ceremony in Malabo. The terminal, named the Bioko Oil Terminal (BOT), is expected to have total storage capacity of 1.2M cubic meters for refined products and crude in the first 2 phases.

“The terminal will be built at Punta Europa, located on the Bioko Island part of Equatorial Guinea, and will therefore be ideally located to service the key oil supply and demand centers throughout West Africa,” the statement said.

Read more: Nigerian Multi-Millionaire Oil Tycoon Igho Sanomi To Build Giant African Oil Storage Terminal.