A Review of the Nigerian Energy Industry

Oando to build 50 mega-fuel stations in five years

Oando petrol station22 September 2013, Lagos – Mrs. Olaposi Williams, Chief Operating Officer of Oando Marketing, a subsidiary of Oando Plc, says the company would be building five mega-fuel stations every year for the next five years as part its expansion programme.

The project is aimed at satisfying and earning the trust of workers in addition asserting the leadership of the company in the petroleum retailing business. tablishing the Oando as leaders

According to Williams, the state-of-art stations are earmarked for Lagos and other parts of the country and will offer petroleum products consumers across the country increased access to the services of Oando Marketing in addition to giving the leading oil marketing company increased slice of the oil marketing business in the country.

”We plan to build 10 mega stations every year in the next five years, which will bring the number to 50. We are repositioning our retail outlets across the country, especially filling stations that have been driving our volumes.

“Before now, we had over 1,000 stations. We have 338 of them that are dispensing over a million litres (of products) per month, about three trucks per day. In the last one year, we have upgraded 10 stations in Lagos, Port Harcourt and Abuja,” she said.

She also said: “The project has since commenced in Lagos and will also be extended to Abuja, Port Harcourt and other major cities in the East, North and West, adding that Lagos, being the nation’s centre of commerce will host about half of the fuel stations while the Federal Capital, Abuja, will account for 30 per cent, with 10 per cent each going to the Eastern and northern parts of the country.

Williams further stated that with the new fuel stations, consumers would see the best standards in fuel dispensing as she explained that as mega-stations, each would be built as a one-stop shopping centre and would be capable of dispensing over three trucks of products daily.

Oando Plc, the parent company of Oando marketing, is an integrated Pan-African multinational energy organisation, headquartered in Lagos, but with operations in many African countries.

Listed on both the Nigerian and South Africa’s Johannesburg Stock Exchanges, it is engaged in every aspect of the energy value chain, including petroleum products marketing, exploration and production, refining, and power generation.

Oando is Nigeria’s largest non-government owned company in the energy industry, boasting a market capitalisation in the region of $1 billion.

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