SIFAX Oil & Gas Limited was incorporated in 2010 and commenced business same year. It participated in the government regulated international trading of petroleum products in 2010 and 2011.
In 2012, a parcel of land was acquired to build a 60,000,000MT (Sixty million metric tons) capacity Tank farm while it has recently acquired a licence to build a 120,000 bpd (One hundred and twenty thousand barrel per day) capacity Greenfield refinery in Nigeria. The technical study, feasibility study and environmental impact assessment have all been concluded.
Upon conclusion of these two major projects, SIFAX Oil and Gas Limited is poised to fully establish its presence as a key player in the Nigerian energy downstream sector with opportunities in the West-African sub region also beckoning.
SIFAX Oil and Gas Limited is set to be a world class ‘one-stop shop’ for all downstream business activities ranging from refining of the crude oil to the storage, sale and distribution of the refined products.