NIPCO NEWS

NIPCO NAMES NEW MD, COO, OTHERS TO DRIVE EXPANSION

NIPCO Plc, an integrated oil and gas company in the nation’s hydrocarbon industry has approved the appointment of new helmsmen to drive company’s operations and expansion, naming Suresh Kumar as managing director with effect from February 1, 2020. He replaces Sanjay Teotia who is now the managing director, NIPCO Gas Ltd,   with the mandate to drive NIPCO’s operations and expansion moves across the country with a view to properly harnessing its potentials in the gas sector . Also appointed into the executive management cadre in the company is Roka Chiranjibi who...

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NIPCO BAGS PLATINUM AWARD IN HSE COMPLIANCE

Nipco plc, an integrated oil and gas company has for the umpteenth time emerged as the best Health Safety and Environment [HSE] compliant operator in the hydrocarbon industry within the Lagos Port Complex [LPC] In the same vein, the company’s Managing Director, Sanjay Teotia has also been honored with a platinum award for his outstanding contributions in the area of health, safety and environment in 2019. The awards and recognitions which formed the fulcrum of the Health, Safety & Environment yearly awards and lecture of the Nigeria Ports Authority [NPA] at...

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NIPCO Plc Annual General Meeting in Abuja

L-R, Group Executive Director, NIPCO PLC, Abdulkadir  Aminu; Director, Mr Ramesh  Kasangra; Chairman, Chief Bestman Anekwe; Managing Director, Mr Sanjay Teotia; and Company Secretary, Barrister Paul Obi at the company's Annual General Meeting in Abuja....

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NIPCO Plc Wins Award on Efforts to Deepen LPG Usage and Consumption in Nigeria

L-R President, Nigerian Association of LPG...

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NIPCO plots drawback for Nigeria’s deforestation – Backs FG desire for cooking gas growth

NIPCO Plc has heightened plots to weaken deforestation rocking parts of Nigeria with multi-million dollars investments. Managing Director of the company, Sanjay Teotia, who said this at the 8th annual international conference and exhibition organized by Nigerian Liquefied Petroleum Gas Association (NLPGA) in Abuja, maintained that this is being done through NIPCO’s huge investments in cooking gas sub-sector. The feat, he said, “has not only created lots of awareness on the benefits of gas as domestic cooking fuel but has also served as drawback to deforestation in the country.” Throwing his company’s...

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Nigeria Oil Industry – Projecting into the Future

(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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Industrial LPG Use Seen Lowering Manufacturing Cost

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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NIPCO MD Upbeat on Growth Opportunities in Downstream Sector

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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