Thursday, May 30, 2024
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HomeHeadlineNNPC Limited Acquires OVH Energy Downstream Assets

NNPC Limited Acquires OVH Energy Downstream Assets

Mallam. Mele Kyari, Group Chief Executive Officer of NNPC Limited

 

These assets include a reception jetty (ASPM) with 240,000MT monthly capacity, 8 LPG Plants, 3 Lubes Blending Plants, 3 Aviation Depots and 12 warehouses.

In order to strengthen its downstream business portfolio to enhance profitability & guarantee National Energy Security, NNPC Limited has completed the acquisition of OVH Energy Downstream assets.

These assets include a reception jetty (ASPM) with 240,000MT monthly capacity, 8 LPG Plants, 3 Lubes Blending Plants, 3 Aviation Depots and 12 warehouses.

The acquisition, which is under our Accelerated Network Expansion (ANEX) Initiative, will bring over 380 additional filling stations under the NNPC Retail brand in #Nigeria & #Togo, on our journey to attaining 1,500 stations.

With this development, we are poised to becoming the largest petroleum products Retail network on the African continent.

 


 

 

#EnergyforToday #EnergyforTomorrow #NNPCAcquiresOVHDownstreamAssets

 

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