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Author: adminnipco

NIPCO PLC / Articles posted by adminnipco (Page 7)
April 22, 2017
NIPCO NEWS

NIPCO GMD Outlines Measures to Improve Fortunes of Mobil Plc

THE Group Managing Director, NIPCO Plc, Mr Venkataraman Venkatapathy, has outlined measures being put in place by the majority shareholders of the newly acquired ExxonMobil 60 percent equity stake in Mobil Oil Nigeria Plc to make the deal a game changer in the petroleum downstream sector. Venkatapathy stated at the Nigerian Stock Exchange, NSE, on the invitation of the Exchange to celebrate the successful completion of the largest acquisition witnessed in the Nigerian downstream oil sector. He said the acquisition which marks NIPCO ’s avowed resilience in the Nigerian economy will see...

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April 9, 2017
NIPCO NEWS

Completion of Acquisition of ExxonMobil stake in MON by NIPCO PLC in Lagos

L-R Company Secretary ,NIPCO Plc ,Barrister Paul Obi ; Managing Director, Mobil Plc., Tunji Oyebanji; Group Managing Director [GMD ], Venkataraman Venkatapathy; and Group Executive Director, Corporate Services, Alhaji Abdulkadir Aminu at the announcement of the completion of acquisition of ExxonMobil stake in MON by NIPCO PLC in Lagos . Group Managing Director ,NIPCO Plc ,Venkataraman Venkatapathy [3rd from left ] flanked by Company Secretary ,NIPCO Plc ,Barrister Paul Obi ;Managing Director ,Mobil plc ,Tunji Oyebanji ;and Group Executive Director ,Corporate Services ,Alhaji Abdulkadir Aminu at a news briefing on the...

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April 6, 2017
Uncategorized

Harmonisation Of NIPCO, Mobil Oil Operations Begins

•Venkatapathy (third left) speaking at the event. With him (from left) are Group Executive Director, Legal Services Paul Obi, Mobil Managing Director Tunji Oyebanji and Group Executive Director, Corporate Services Alhaji Abdulkadir Aminu. • Mobil retail outlets now II Plc With the completion of acquisition of 60 per cent ExxonMobil’s shares in Mobil Oil Nigeria (MON) Plc, following statutory approvals from the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE), NIPCo Plc has begun harmonising the operations of the two firms. Its Group Managing Director, Mr. Venkataraman Venkatapathy, said...

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April 4, 2017
NIPCO NEWS

Mobil Oil Changes Name To DOUBLE ONE

L-R Group Executive Director [GED] Legal Services ,NIPCO Plc , Paul Obi ; Managing Director , Mobil Plc, Tunji Oyebanji ; Group Managing Director,Venkataraman Venkatapathy ; and Group Executive Director, Corporate Services , Alhaji Abdulkadir Aminu at the announcement of the completion of acquisition of ExxonMobil stake in MON by NIPCO PLC in Lagos Sequel to the successful completion of the acquisition process of the 60 per cent equity stake of ExxonMobil in Mobil Oil Nigeria Plc (MON) by NIPCO PLC, the new management under the group managing director, Venkataraman Venkatapathy...

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January 25, 2017
NIPCO NEWS

NIPCO Constructs New 5,000 MT LPG Storage Facility

The Nigerian Independent Petroleum Company (NIPCO) has embarked on the construction of a 5,000-metric tonne (MT) Liquefied Petroleum Gas (LPG) storage facility to ameliorate the challenges of domestic supply of cooking gas in the country. NIPCO spokesman, Taofeek Lawal, disclosed this during the company‟s facility tour with the media on the ongoing 5,000 MT LPG storage capacity in Lagos. Lawal said that the additional 5,000MT storage tank project when completed this year, would promote growth in Nigeria‟s LPG market, adding that the facility commenced in April 2016, with over 80 workers and...

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January 25, 2017
NIPCO NEWS

We’ve Improved Local Content in Gas Sector

The Managing Director, Nipco Plc, Mr. Venkataraman Venkatapathy, has said the company has created opportunities for the enhancement and empowerment of local content in the industry through the diversification of the company’s operations into the natural gas space, with over 6,000 automobiles now running on gas. He said this in a paper presented on his behalf by the General Manager, Green Gas Limited, a joint venture of Nigeria Gas Company and Nipco, Mr. Rajesh Prabhu, during the Nigerian Gas Association’s 10th International Conference and Exhibition in Abuja. Venkatapathy said the Compressed...

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January 25, 2017
NIPCO NEWS

How NIPCO enhances local content in compressed natural gas scheme The Guardian, 16 November, 2016

Managing Director, NIPCO Plc. Venkataraman Venkatapathy, has said that the diversification of the company’s operations into the natural gas created a vista of opportunities for the enhancement of local content in the industry. He disclosed this in a paper presented on his behalf by General Manager, Green Gas Limited, a Joint Venture of Nigeria Gas Company (NGC), and NIPCO, Rajesh Prabhu, at a session on Nigerian Content and Gas Opportunity during the Nigerian Gas Association conference in Abuja. Rajesh stated that the Compressed Natural Gas (CNG) revolution had offered alternatives for motorist...

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