A Review of the Nigerian Energy Industry

Conoil acquires world-class aviation fuel bowsers

03 August 2012, Sweetcrude, Lagos – With its recent acquisition of two new world-class, state-of-the-art bowsers, Conoil is set to strengthen its leadership position in the aviation sub-sector of the downstream industry through excellent service delivery to foreign and local airline operators in Nigeria.

According to the company, the bowsers are meant to significantly improve fueling requirements of airplanes, on real-time basis, to guarantee better operations and flight take-off time.

The bowsers, powered by MAN-Diesel engines, come with the latest technology in Jet A1 delivery equipment, with safety and environmentally-friendly features.

Currently ranked as Nigeria’s largest supplier of aviation fuel with the largest spread of aviation fuel depots across the country, Conoil’s acquisition of the bowsers has significantly increased its bowser fleet and the capacity to service its ever-growing clientele. According to industry experts, the bowsers are built in accordance with the latest Energy Institute (EI) and the American Petroleum Institute’s (API) standards.

Conoil, a strategic partner of the International Air Transport Association (IATA), is determined to increase its market share of the Nigerian aviation fuel business from 30% achieved last year, to 40% this year through increased sales volume.

As part of efforts to deliver improved financial performance in line with its set business target, the company recently broke new grounds when it secured multi-million naira contracts to supply Jet A1 to Cargolux, a major player in global cargo industry based in Luxemburg, Singapore Cargo Airline, one of the biggest cargo airlines in the world, and seven fuel vendors from the US, Europe and United Arab Emirate.

The management said the company remains the trail blazer in the sector with an enviable comparative advantage in terms of superior quality control system, well-trained fuelling operators, round-the-clock engineering and maintenance support as well as prompt, efficient service.

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