Firm Plans Investments in CNG, Expansion to W’African Nations
Peter Uzoho
Mainland Oil and Gas Company Limited has revealed its plan to invest in Compressed Natural Gas (CNG) development and embark on business expansion initiatives that will open collaboration opportunities for refiners and stakeholders in the West African midstream and downstream petroleum industry.
Managing Director of Mainland Oil, Dr Chris Igwe, who addressed the media at the Oil Trading & Logistics (OTL) Africa Downstream Energy Week in Lagos, said the company will be committing billions of naira in fresh investments dedicated to expanding its midstream and downstream infrastructure for greater reach and efficiency.
Igwe said that the investment would enhance the company’s stockholding and distribution facilities, bolstering its capacity to meet rising demand across Nigeria and the wider West African market.
“We’re committed to creating a robust, accessible supply chain that serves the evolving energy needs of the region,” he said, noting that partnerships with refiners and marketers would be pivotal in advancing this mission.
As part of its showcase at the OTL Expo, Mainland Oil and Gas unveiled its expanded range of lubricant brands which is developed to meet the latest international standards and specifications for various industrial and automotive applications.
The managing director announced the company’s extensive repositioning strategy, outlined plans to diversify its fuel products and expand its facilities across Nigeria.
He disclosed that the company would inject tens of billions of naira into developing new facilities, including an expanded retail infrastructure, CNG storage and retail handling facilities, increased Liquefied Petroleum Gas (LPG) retail capacity, and new energy distribution channels.
The new investments, he explained, are designed to meet shifting consumer demands in the domestic fuel market and align with the Nigerian government’s reforms in the downstream petroleum industry.
He emphasized that Mainland Oil has positioned itself as a one-stop shop for diversified fuel products and services across all six geopolitical zones in Nigeria, striving to become the leading channel of energy supply nationwide.
