Segun Adebutu is a Nigerian entrepreneur and philanthropist with a diverse portfolio spanning oil and gas, mining, infrastructure, telecommunications, and entertainment across sub-Saharan Africa. He began trading oil in 2004 and is now spearheading the development of a Mega Oil City in Ibefun, Ogun State, which will feature a 250,000 barrel-per-day refinery and create over 10,000 jobs. Adebutu chairs several companies, including Petrolex Oil & Gas whuch he founded in 2007 and Oladiran Engineering. He is also the founder of the Oladiran Olusegun Adebutu Foundation, which supports vulnerable children with access to education and healthcare. His philanthropic efforts include adopting 300 displaced children. Additionally, he oversees Bluebridge Marine, Oladiran Agro-Allied, and Baseline Records, and is on the board of Premier Lotto Nigeria. Adebutu holds an economics degree from the University of Ibadan. The Petrolex Group has invested over $330million in the Ibefun tank farm. The storage facility is the largest and the first of its kind in sub-Saharan Africa. Petrolex’s Phase One project is a state-of-the-art facility featuring a 300 million-litre capacity tank farm. It includes 30 loading gantries, which significantly improve its fuel distribution capabilities. The facility also supports a 4,000-truck capacity park, ensuring efficient transportation logistics. In terms of marine operations, Petrolex is equipped with a 30,000-tonne (30kt) vessel, 16 barges, and 8 tugboats, enhancing its ability to manage large-scale fuel shipments and inland waterway distribution.
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