APAM Project Overview
FIFC acquired 20 hectares of land in the Apam area in the Central Region of Ghana on the Gulf of Guinea with the vision to build a marine and onshore shipping storage and distribution terminal for oil and gas products as well as a luxury tourism retreat and conference centre.
The Apam Storage Depot (Tank farm) aims to serve
both the local and the regional markets with products
imported by FIFC stored and purchased by local Oil
Marketing companies (OMC) and the Bulk Distribution
Companies (BDC), who have limited storage, hiring space
for their imported products. The site is a green-fields site
with essential utilities such as water and electricity and as
such, an ideal piece of land for future expansion without
the constraints associated with similar developments as
experienced in other parts of the country.
As the Tank farm sits on the coast not far from the
countries of Togo, Benin and Nigeria, oil marketing
companies in these countries can also use the facility.
In Nigeria, the Apapa port is mostly congested and as
a result ships wait for weeks to discharge their cargo.
These Nigerian products importers can save cost on
demurrage when they offload at Apam, then use small
vessels to supply their depots in Nigeria when needed.