The management of Total Nigeria Plc estimated at the weekend that its downstream investmen in Nigeria between 2010 and 2013 is over N150 bllion.
Managing Director of the company, Alex Vovk who disclosed this at the Oil Trade and Logistic (OTL) Africa Downstream 2013 Expo in Lagos maintained that over the last three years, TNP as one of the major in the oil and gas industry in the country, made investment of more than $100 million to sustain its core business of importation, storage and distribution of petroleum products; fuels or specialties products such as lubricants and LPG through retail, industrial and aviation channels of sales; in the downstream sector.
Maurice said; “The Total has a long term view of Nigeria and this is emphasized by the level of our recurring capital expenditure”.
Also, the company said although it is not yet officially announced, by 2017 additional 60 filling stations would be added to its present 600 owned by the company nationwide, adding that the planned steps are close to roll out been part of the organisation new expansion focus.
Making a case for the additional outlets, Total MD said there is no sustainable business in marketing without investments, claiming it is even truer in a market with the size and growth rate of Nigeria due to investment requirement, to meet customers demand today and anticipate tomorrow’s same as calling safety of the same customers, and neighbours, and the quality of the products deliverance.
Maurice said currently, rebranding of entire network is an ongoing development and giving the company a new visual identify as result from increase in sales the company is witnessing, signifying that customers were enjoying it service, is forefront objective of it management.
“We have gone a step further by transforming our network of stations from the old typical fuel station to a multi service offer stations. This has lead to introduction of shop services, modern lube bay and car wash centres” he said.
Meanwhile, part of the total conceived plan is solar powered service stations which is expected to commenced operation before end of the year; it is investment discovered toward greener energies to fight deforestation like LPG and solar; provide energy to lower income Nigerians through propose solar lamps that would be made widely available and affordable to households in the country.
Maurice said greener energies is one of the investment invention the company’s searchlight has focused and that diversification into areas such as logistics and production facilities to keep the major in the downstream at the forefront of best industry practices and highest standards would also keep it in fold.
“Diversification in terms of moving with trend has earned our company beyond expiations and our safety management system is doing nothing less than investing heavily in making transportation of liquid hydrocarbons safer.
“Investing on human power such as on our staff, contractors, our dealers, their pump attendants, our transporters, their drivers is key to meet up the country service standard and also to make us everywhere”, he mentioned.
Information from Daily Independent was used in this report.