Meet Segun Adebutu, The Man Building The Second Largest Refinery In Sub Sahara Africa In Ogun State. - AMEBO ONLINE NEWSPAPER


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Meet Segun Adebutu, The Man Building The Second Largest Refinery In Sub Sahara Africa In Ogun State.

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Olusegun Oladiran Adebutu is a Nigerian visionary businessman, and a philantropist from Iperu Remo. He studied Economics at the Prestigious University of Ibadan.

He is the Chairman and Chief Executive officer (CEO) of Petrolex Oil & Gas LTD, a company presently building "The Second Largest Refinery in Sub- Saharan Africa and Largest Petrolum Product Depot in Nigeria", in Ogun State.

Segun Adebutu serves as the Executive Director and member of the board of Premier Lotto Nigeria Limited, a gaming Company here in Nigeria. He is also the Chairman of Blue bridge Marine and Oladiran Agro- Allied company; Oladiran Engineering & Trade Limited. He also founded a record company called Baseline Records, signing Nigerian musicians like Skales, Saeon, amongst others.

He started trading in Oil and Gas in 2004, until his most notable investment in the Mega Oil City located in Ogun State. Adebutu has dedicated his extensive knowledge of the industry towards playing a huge role in it's advancement, the most notable; being his investment into the Mega Oil City.

From our findings, the property is the site of a 3 million litre capacity tanks. The location proposed 250,000 bpd (barrel- per- day) refinery as well as a lube plant , fertilizer plant & gas processing facility. All these facilities will be ready at full completion of the Mega City. Petrolex's intention is that, the area becomes a large energy estate that will be the biggest & best in Africa.
The Mega City covers101 square kilometers, making African's latest Petrolum Products hub , approximately 10% of the size of Lagos State. The City also boasts 30 loading gantries and a 4000 Truck capacity trailer park.

Adebutu say, " in our confirmity with our daring ambition, we have an expansion plan which will increase the storage capacity of the tank farm to 1.2billion litres in a few years".

The benefit of this project can not be over emphasized , as this project is expected to create over 10,000 direct and indirect jobs..

Report shows that, Nigeria import about 90% of it's crude oil Products due to lack of working refineries.

But we are hopeful that upon completion of this refinery alongside dangote's refinery, located in Lagos, it would go along way to reduce importation rate into the country.


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