By Yange Ikyaa
In order to strengthen its downstream business portfolio to enhance profitability and guarantee national energy security, NNPC Limited has completed the acquisition of OVH Energy Downstream assets.
The 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 and #Togo, on our journey to attaining 1,500 stations,” NNPC announced on Saturday in a statement.
“With this development, we are poised to becoming the largest petroleum products Retail network on the African continent,” the statement further read.