Since the Onne Oil and Gas Free Zone was officially opened in March 1997 it has gone from strength to strength. More than 30 international oil and gas companies, including many of the world’s largest corporations, are now registered as Free Zone users and cargo throughput has increased rapidly.
Onne Oil and Gas Free Zone, managed by DMS International Ltd, is the only Free Zone in the world dedicated solely to the oil and gas industry. This bold initiative is a major success story for Nigeria. It is also very important for the local community, where it supports numerous jobs and has helped to drive forward infrastructural development.
Nigeria has invested heavily in the development of Onne Port, upgrading both the Federal Lighter Terminal and the Federal Ocean Terminal and continues to improve quayside facilities, communication links and other services. At the same time the Private Sector has been heavily investing in the Free Zone. Over $300 million has been invested to-date.
The Onne Oil and Gas Free Zone will help to strengthen Nigeria’s position as sub-Saharan Africa’s leading oil producer. It will also place Nigeria at the heart of the current West African oil boom. Ideally located in the Gulf of Guinea it is the perfect location to serve this rapidly growing market.
Investing in the Onne Oil and Gas Free Zone makes sound commercial sense. Many of the incentives available to investors are comparable to other successful Free Zones throughout the world. The combined facilities at Onne provide an excellent base for international companies to conduct their business operations in the dynamic West African oil and gas industry. We believe that and as more companies enter the Free Zone this will further stimulate local and regional industrial and economic growth.
Onne Oil and Gas Free Zone
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