NNPC now Africa’s largest retailer, acquires Oando stations

The Nigerian Public Oil Organization Restricted on Saturday declared the procurement of OVH Energy Showcasing, sole proprietor of the Oando marked retail administration stations.

Executive, NNPC Restricted, Margery Okadigbo, while talking on the advancement in Abuja, said the securing of OVH resources had made the public oil organization the biggest oil based goods’ retailer in Africa.

She said, “to fortify our downstream business portfolio to improve benefit and assurance public energy security, NNPC has under a Sped up Organization Development Drive finished the procurement of OVH downstream resources.

“This incorporates the gathering pier (ASPM) with 240,000MT month to month limit, eight LPG (Condensed Petrol Gas) plants, three lubes mixing plants, three flying stations and 12 stockrooms.

“The securing will bring more than 380 extra filling stations under NNPC Retail brand in Nigeria and Togo, on our excursion to achieving 1,500 stations. We will be the biggest oil based good retail network in Africa.”Group CEO, NNPC, Mele Kyari, said Oando filling stations would be converged with NNPC Retail Restricted.

He noticed that through the obtaining, NNPC Retail Restricted would expand on the current progress of OVH and work model assistance outlets utilizing OVH’s broad resource base and business abilities.

“Our procurement of OVH.brings more NNPC marked fuel stations under the NNPC Retail Restricted umbrella, giving more extensive admittance to our clients, an enhanced inventory network and item accessibility across our various areas,” Kyari expressed.

CEO, OVH Promoting, Huub Stokman, said the obtaining by NNPC came at a crucial time in the Nigerian energy area given the update of the petrol regulations with the new establishment of the Petrol Business Act 2021.

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