NIPCO promises market friendly rates, unfettered access” in 2018
Amidst the current fuel crisis in the country, NIPCO has offered some soothing words to stakeholders, promising market friendly rates for all petroleum products from its depot in 2018.
Long queues resurface in Lagos, petrol hawkers back
Lagos residents on Monday saw the return of long queues at petrol filling stations, the News Agency of Nigeria (NAN) reports.
Lawmakers laud Nipco’s increased stake in downstream operations
The recent acquisition of ExxonMobil’s 60 per cent equity in Mobil Oil Nigeria Plc by NIPCO has demystified the impression by International Oil Companies (IOCs) that it is impossible for indigenous companies to market petroleum products.
Nipco group retail outlets hit 500
Also speaking, the Managing Director, NPMC, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), Umar Ajiya, outlined reasons that contributed to NIPCO’s pivotal role in petroleum products storage and distribution across the country.
Nigeria LNG fetes Nipco’s gas terminal
The Managing Director, Nigeria LNG limited, Tony Attah has described the NIPCO Liquefied Petroleum Gas (LPG) Terminal as a world-class facility that could assist the nation effectively as a game changer in the gas industry.
Police hunt for motor-boy’s killer
The Ogun State police command has launched a manhunt for a suspected soldier who allegedly shot a man dead simply because a truck was not well-packed.
Nipco outlines growth strategies for Nigeria’s downstream petroleum business
NIPCO Plc has outlined measures being put in place by the majority shareholders of the newly acquired Mobil Oil Nigeria Plc, to make the deal a game changer in the downstream industry.
NIPCO constructs new 5,000 MT LPG storage facility
The Nigerian Independent Petroleum Company (NIPCO) has embarked on the construction of a 5,000-metric tonne (MT) Liquefied Petroleum Gas (LPG) storage facility to ameliorate the challenges of domestic.....
Local firm acquires Mobil Oil’s downstream business
The Managing Director of NIPCO, Venkataraman Venkatapathy, said in a statement that the acquisition was agreed with the execution of a sales and purchase agreement with ExxonMobil, a leading downstream player.