Nipco

Nipco plc, one of the nation’s indigenous major oil companies has concluded plans to ensure that petroleum products get to the consumer through the acquisition of retail outlets in strategic locations across the country in two separate schemes.

The company will achieve that through schemes such as, Dealer Owned-Dealer Operated (DODO) which are on long lease and the Company Owned-Dealer Operated (CODO) which are  on outright lease, would be showcased at the seventh edition of the Oil Trading and Logistics Africa Downstream Expo, billed to hold in Lagos next month.

The company would also display its outstanding facilities and investment in the oil and gas industry at its pavilion at the event, according to its Corporate Affairs Manager, Alhaji Taofeek Lawal.

The OTL Africa Downstream Expo is Africa pre-eminent event for trade, knowledge and networking in the region’s strong, vibrant and increasingly sophisticated downstream petroleum market.

Nipco, in a joint venture project with Nigerian Gas Company [NGC] through Green Gas Limited  had in the last few years embarked on pioneering efforts at encouraging and promoting the use of Compressed Natural Gas [CNG] as a vehicular fuel through the construction of CNG stations in the city of Benin, Edo- State.

The scheme which has attracted thousands of cars including taxis in the ancient city is fast spreading to other cities along Benin-Lagos Expressway. It is pertinent to note that this is the first of its kind not only in Nigeria but in West Africa.

The company had also embarked on massive campaign for the use of the products for household cooking, introduction of various sizes of cylinders, mounting of skids in Lagos, Ogun, Yola  in Adamawa,  Gusau in Zamfara State and Abuja with many more in the pipeline.
The skids had brought LPG closer to many users with the attendant benefits of a cleaner energy source for the populace.

 

Information from Daily Trust was used in this report.

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