06 September 2016, Sweetcrude, Abuja – Puma Energy, a global mid and downstream energy company, has announced the delivery of its first cargo of bitumen to its terminal located in Calabar, South East, Nigeria under a joint venture with WABECO Petroleum Ltd, registered as P.E. Bitumen Resources (Nigeria) Limited.
According to a statement published on the company’s website, the cargo was delivered by MT Acacia Rubra, which completed discharge in the early hours of September 5, 2016.
It noted that the delivery comes “at a critical time to assist the Nigerian Government’s effort in rebuilding its road infrastructure which is a catalyst for the country’s economic development.”
Puma Energy’s Global Head of Bitumen, Olof Klintholm, said, “This is a very important milestone for Puma Energy Bitumen. Nigeria is a key focus market for us as we keep building our global presence and it shows we can deliver bitumen on specification and on time anywhere across the world.”
Nigeria, with an estimated deposit of 42.74 billion metric tonnes of bitumen, is documented to rank second to Canada as the world’s largest deposit of this essential natural resource.
Interestingly, too, this solid mineral is said to be about twice the existing oil reserve in the country. It can be found in Ondo, Edo, Lagos and Ogun states. But the largest chunk of it is reportedly located in Agbabu in Ondo State.
The company stated that it has the world’s largest system of bitumen ships and terminals and we offer customers globally a wide range of products that meet local specification requirements at a competitive price.
“Puma Energy is helping to deliver new and safer roads in many countries around the world by assisting governments, highway agencies and construction companies in sourcing and supplying the bitumen they need for major construction works.
“Puma Energy looks forward to working with construction companies in delivering high quality bitumen to their projects around Nigeria,” the statement noted.