NBLA acknowledges Rainoil for downstream operations
Rainoil Limited, an integrated oil and gas company operating in the downstream sector has won the ‘2020 Downstream Company of the Year Award “ at the Nigerian Business Leadership Awards (NBLA) 2020 by Businessday Newspapers group.
In the presentation of the award, Rainoil Limited emerged the winner of the ‘Downstream Company of the year award’ amongst leading peers for the category.
While expressing his joy at the development, the Group Managing Director, Rainoil Limited, Dr. Gabriel Ogbechie, said the award is an acknowledgement of the group’s consistent focus on “strategic and value-driven investments” in energy sector of the Nigerian economy.
He stated that the award was particularly gratifying, coming at the time the company is making great effort in contributing to the economic development of the country with its sterling efforts to ensuring in-country utilization and deepening of gas penetration in the nation.
Ogbechie noted that the group recently launched its Liquified Petroleum Gas (LPG) facility with a tank capacity of 8000MT and a fleet capacity of about 40 LPG trucks, which he believes that the expansion of Rainoil Limited perfectly aligns with the company’s vision and mission to continually proffer solutions to fill the voids in the energy sector.
He said the company has also continued to make significant investment in cutting edge technology in order to maintain and improve its excellent customer service delivery.
Ogbechie affirmed that Rainoil will continue to support the Federal Government’s policy on deepening LPG penetration and will improve domestic consumption of LPG nationwide.
Rainoil Limited has grown over the last 20 years to include: 3 ultra-modern petroleum product storage depots- 50 million litre capacity each in Delta State, Cross River State and Lagos State; over 100 retail outlets across the country; a fleet of over 100 tank trucks for efficient delivery of products and 1 shipping vessel with a total capacity of over 20,000 metric tonnes. Rainoil Limited remains a wholly indigenous company.