The Group Managing Director of NIPCO Plc, Mr. Venkataraman Venkatapathy, has outlined measures being put in place by the majority shareholders in Mobil Oil Nigeria Plc to make the recent acquisition of ExxonMobil’s 60 per cent stake a game changer in the downstream sector. Specifically, the deal which would ensure increase in the production of Mobil brand of lubes which […]
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has continued his drive to have International Oil Companies (IOCs) operating in Nigeria deepen their investments in the country with a visit to United States oil firm, ExxonMobil. The minister according to a statement from the ministry yesterday in Abuja, met with top executives of ExxonMobil at its headquarters in […]
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The Nipco Plc, has announced the successful acquisition of 60% stake in Mobil Oil Nigeria Plc (MON) following due statutory approvals from the ‘Securities and Exchange Commission’ and the ‘Nigerian Stock Exchange’. Briefing newsmen yesterday, the Group Managing Director, Nipco Plc Venkataraman Venkatapathy the Focus will now be placed on expansion of the retail footprint under the Mobil brand. With […]
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