(L-R) Past Council Chairman, SPE Nigeria Mr. George Kalu; Chairman, SPE Nigeria Council,Mr. Chikezie Nwosu and Managing Director NIPCO Plc, Mr. Sanjay Teotia during the 18th Annual Oloibiri Lecture Series and Energy Forum organized by Society of Petroleum Engineers Nigeria Council in Abuja...
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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. The Chairman, Petroleum Downstream Committee, House of representatives, Hon. Joseph Akinlaja, who disclosed this during an oversight visit to NIPCO Plc in Lagos, said the feat is commendable and a big boost for higher indigenous stake in the nation’s oil and gas industry. “There is no rocket science in selling white products, as the pioneer foreign...
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Despite the challenges in the downstream sector in the 2017 financial year, NIPCO Plc has expressed optimism about meaningful growth opportunities in petroleum products marketing to improve investor’s returns. Speaking on the sidelines of the company’s 14th Annual General Meeting [AGM] in Abuja, the Managing Director, Sanjay Teotia said in spite of the numerous challenges, the company exhibited utmost capacity to surmount the difficult times. NIPCO’s turnover for the 2017 financial year grew by 35% from N170billion in 2016 to N207billion, Profit after tax rose from N1.8billlion in 2016 to N2.1billion...
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The Managing Director, NIPCO Plc, Sanjay Teotia has expressed the company’s resolve to ensuring safe and healthy working conditions for all its workforce through plethora of measures put in place to sustain safe and secure working environments for all employees. The MD who disclosed this in an address to mark this year NIPCO safety week in commemoration of World Day for Safety & Health at Work as declared by the International Labour Organization [ILO] said the avowed commitment is in realization of the company’s human capital as the greatest asset of...
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NIPCO joins the rest of the world to mark the World Day for Safety and Health at Work [Safe Day] as part of our commitment to Sustaining a Positive HSE Culture in our work environment. The theme of this year celebration which was marked worldwide on April 28 is: Generation Safe & Healthy. Series of events have been lined up to mark the Week in commemoration of the World Safety Day. The events scheduled to hold on May 8 & 9, 2018 include lectures, road walk, awards to deserving personnel who have...
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The Apapa Local Government Chairman, Hon. Owolabi Elijah Adele has lauded the contributions of NIPCO Plc to education in the LG over the years describing the feat as being exemplary The LG Boss who spoke through the Education Secretary, Apapa LGA, Mrs Fausat Olawepo at the 29th Inter House Sports of Apapa Nursery & Primary School proudly sponsored by NIPCO government had watched with delight the level of support being offered by the company through plethora of assistance to schools in the LGA. He recalled that aside from the yearly sponsorship of...
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The Managing Director, NIPCO Plc, Sanjay Teotia has been inducted into the prestigious Institute of Directors, apex body of the private sectors that caters & speaks for directors in their various sectors and across the various sectors of the economy. The induction along with scores of distinguished board gurus across the country was held and Eko Hotel, Lagos. The IOD is a corporate leadership organization involved in promoting professionalism through continuous education information sharing, networking of opportunities and positive contributions to the socio - economic and political growth of Nigeria. It presents a...
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NIPCO Plc has bagged an Oil and Gas Industry Award over its unprecedented acquisition of ExxonMobil stake in Mobil Oil Nigeria Plc. The award, which was in recognition of the company's huge financial investments in the nation's downstream sector of the hydrocarbon industry, was the highlight of the maiden Nigeria International Petroleum Summit held in Abuja. Presenting the award to the company at an impressive event witnessed by key stakeholders in the industry, the Permanent Secretary, Federal Ministry of Petroleum Resources, Dr Folasade Yemi - Ojo, said that it was part of...
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The Management of NIPCO Plc has explained why the workforce of the downstream giant has remained the major asset of the company since its inception in 2004. Managing Director of the company, Mr Sanjay Teotia who was reflecting on the performance of the integrated downstream operator at the company’s long service awards in Lagos said that the efforts of the workforce have made the organization remained a benchmark in the hydrocarbon industry. “Your efforts over the years have made the organization remain a benchmark for operators in the downstream sector of...
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The spate of recognition of NIPCO’s efforts in the hydrocarbon industry by stakeholders especially by host communities will spur the company in its social investment programmes. Responding to the presentation of award by Lagos State Universal Basic Education Board, Apapa LGEA and Head Teachers of the two adopted schools in the state, Managing Director, NIPCO Plc, Mr Sanjay Teotia said the recognition would compel the company to improve lives of its immediate environment. The team which came to present commendation plaques to NIPCO was led by the Education Secretary, Apapa LGEA, Mrs. Fausat Olawepo...
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