adminnipco, Author at NIPCO PLC

June 27, 2016

Nipco Strategic to Downstream Operation

The Nigerian National Petroleum Corporation [NNPC] has explained why NIPCO PLC remains a strategic partner with the corporation in the downstream sector of the nation’s oil and gas industry even as the company’s thru-put figures reached 1.8 billion litres of white products. Henry Ikem Obih, the Group Executive Director/COD [Downstream], who was on a visit to the company’s premises in Apapa said three main explanations on the key positions of NIPCO in the sector with the seamless operation of the company in the storage and distribution if of petroleum products being...

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June 24, 2016

NIPCO NEWS

THE NATION TUESDAY EDITORIALS, The NIPCO EXAMPLE

Vigorously pursuing the gas alternative is perhaps the surest way to diversify Nigeria’s economy It appears to us more like a rare admixture of tenacity and belief than economics and the pursuit of profits. This is the laudable story of NIPCO Plc., an indigenous oil and gas marketing firm. Last week, the management of NIPCO paid a courtesy call on former President Olusegun Obasanjo, at his Hilltop residence in Abeokuta, Ogun State. It was revealed at that occasion that the former president had granted licences to three firms to develop Nigeria’s abundant...

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June 22, 2016

NIPCO NEWS

Business Day Oval Energy Oil and Gas Award 2016

NIPCO Plc, formerly called IPMAN Petroleun Marketing Company Limited (IPMCL) was incorporated by members of the Independent Marketers Association of Nigeria (IPMAN) on January 8th, 2001 as a Private Limited Liability Company to participate in the distribution of White Petroleum Products business across the nooks and crannies of the Nation. NIPCO PLC known well for its distribution of White Oil products in Nigeria took a leap into the Gas Sector with its first LPG storage and distribution terminal at Apapa. NIPCO began the construction of a state of the art, Liquefied...

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June 16, 2016

NIPCO NEWS

Stakeholders Call for Effective Policy on Gas Utilisation

Stakeholders in the oil and gas sector have urged the Federal Government to do more in ensuring effective utilisation of domestic gas consumption. Nigeria is the seventh country with largest gas reserves with proven 187 trillion cubic feet reserves gas. Speaking with the Nigerian Tribune during a visit to former President Olusegun Obasanjo at the weekend, the former Special Adviser on Petroleum Resources during Olusegun Obasanjo administration, Dr Mohammed Ibrahim, mni, stated that “I was one of the team members, when Obasanjo was in office, in 2006 and initiated the...

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June 14, 2016

NIPCO NEWS

Obasanjo urges FG to promote CNG, LPG utilisation

A former President, Chief Olusegun Obasanjo, on Sunday urged the Federal Government to promote the use of Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) in the country. Obasanjo made the plea during a courtesy visit by the management of NIPCO Plc to Obasanjo Hilltop Estate in Abeokuta, on the need by the Federal Government to promote use of CNG as a vehicular fuel. NAN reports that CNG is natural gas under pressure which remains clear, odourless, and non-corrosive. According to Obasanjo, in a bid to promote cleaner environment, the idea...

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June 2, 2016

CSR NIPCO NEWS

NIPCO – A Reliable Indigenous Ally In The Nation’s Oil & Gas Industry

A BUSINESS DAY SPECIAL REPORT ON INDIGENOUS PARTICIPATION IN NIGERIA'S OIL AND GAS INDUSTRY Nipco Plc, an indigenous integrated oil and gas company started operations at its state- of –the- art terminal in Apapa Lagos in 2004 and has since remained a consistent and significant player in the industry. It was in recognition of its assiduous contribution that she was deservedly granted the status of Major Marketer in 2013. Situated on Dockyard Road ,Apapa on a land approximately 10 hectares ,her primary role at inception was to participate in the distribution of...

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May 3, 2016

NIPCO NEWS

HOUSE COMMITTEE CHAIRMAN ON DOWNSTREAM LAUDS NIPCO OPERATIONS

The Chairman, House of Representatives Committee on Downstream Sector, Hon. Joseph Akinlaja has lauded the seamless operation of Nipco terminal in the petroleum products storage and distribution across the nooks and crannies of the nation. Hon Akinlaja who gave the commendation during a courtesy visit to the company said the level of automation is wonderful with the housekeeping very impressive. “What I have seen here today is akin to what operates in developed countries of the world that I have been privileged to visit in my over 35 years experience in the...

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April 25, 2016

NIPCO NEWS

NIPCO Plc Raises Storage Facility To 84m Litres

Nipco plc, an integrated oil and gas operator has inaugurated new product storage facility to boost the company’s efforts at meeting the growing demands by its esteemed customers. The new facility consisting of three tanks with a total storage capacity of about 35million litres of white products was commissioned by the company’s Managing Director, Venkataraman Venkatapathy in company of top management staff and scores of the firm employees. NIPCO Plc, an integrated oil and gas company, has announced that it is expanding its storage capacity 84 million litres to boost the...

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January 28, 2016

NIPCO NEWS

NIPCO COMMISSI0NS NEW STORAGE FACILITY IN LAGOS

Nipco plc, an integrated oil and gas operator has inaugurated new product storage facility to boost the company’s efforts at meeting the growing demands by its esteemed customers. The new facility consisting of three tanks with a total storage capacity of about 35million litres of white products was commissioned by the company’s Managing Director, Venkataraman Venkatapathy in company of top management staff and scores of the firm employees. Speaking at the historic event, Mr Venkatapathy said the additional tank farms said a vindication of the company’s belief in the resilience of...

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January 22, 2016

NIPCO NEWS

Senate Engage CBN Governor on Forex for Fuel Importers

Nipco plc .an indigenous integrated oil and Gas Company has restated its commitment to promoting use of Liquefied Petroleum Gas [LPG] as domestic cooking gas through the donation of free cylinders to scores of residents of its host community –Apapa. The offer of the accessories which is one of the corporate social responsibility initiatives of the company attracted hundreds of people including community leaders the Baale of Marine Beach, Apapa, Joseph Ogunmola (JP) was also part of the conscious programme of the company to deepen use of gas and discourage use...

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Author: adminnipco