The Lagos State Government issued directives to existing and prospective Oil Marketers to relocate their tank farms away from Apapa area of Lagos State to new locations with ample space of at least 5 hectares of land per tank farm. This directive, has further enhanced the fair market value of the land allocated for proposed Tank Farm lease and its axillaries.
Midoil has been approached for lease of its Tank Farm land by Oil Marketers who have been declined approval for Tank Farm on lands less than 5 Hectares. Midoil Tank Farm land has been designed in line with the State Government policy and DPR regulation of minimum of 5 hectares.