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  FUTURE PLANS

NIPCO’s PLC future plans shall be on three fronts in its daunting task of being the first choice company in the oil & gas industry to all stake holders. The three planks are dubbed; forward, parallel and backward integrations.

Parallel integration would be in the form of adding 2 or more terminals, like Dockyard Road Apapa, Lagos terminal either on outright purchase or leasehold basis. This implies that more storage tanks and depots will be construed.

Forward integration will entail the acquisition of retail outlets throughout the country either on outright purchase or leasehold or franchise basis. Pilot NIPCO retail outlets will soon be visible in Lagos and Abuja while massive branding of others across the country will follow.

Backward integration would be in the form of setting up modular refinery to meet our demand. It can also be inform of acquiring refineries either on outright purchase or leasehold or management agreement basis.

These investment/expansion programmes are indeed noble and challenging especially when the company had realized that we can actually move our business frontiers above fuel marketing. The ambitions plan will also be in consonance with our vision of being the first choice company in Oil and Gas industry to all stake holders.

Already as part of efforts in boosting our present storage capacity, the company is refurbishing the old tanks inherited from Unilever Plc.

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Fuel Partners
Our Fuel Partner Retail Outlets allows our partners (Marketing Company) retain their name to enable them enjoy their allocation from the Government depots. The physical structures including dispensing pumps at the retail outlet will be painted in Nipco brand colors of Red, White and Green while the gibbet signage will carry Nipco logo and the inscription: ‘’Nipco Fuel Partner’’.
Do you want to be a NIPCO Fuel Partner? Click here to download our Branding Proposal
 
WHITE DOVE BECOMES NIPCO FUEL PARTNER
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INE OIL BECOMES NIPCO FUEL PARTNER
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MAIZUBE PETROLEUM BECOMES NIPCO FUEL PARTNER
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Liquefied Petroleum Gas (LPG) Depot p
As part of the company’s programme conscious effort were put in place in first quarter of 2006 to construct a state of the earth liquefied petroleum gas depot within the sprawling NIPCO terminal in Apapa, Lagos State.

The project expected to be completed in December 2007 will have a total storage capacity of about 4000 MT and would make use of the latest technology which emphasis on safety and affordability.

Aside from the company, it will also be part of NIPCO’s contribution to increase the level of private sector investment in the Nigerian economy with its attendant effect on employment opportunities and human capital development.

The project is estimated to cost the company several billions of naira.
 
Compressed Natural Gas (CNG)
In pursuance of the company’s lofty goals of trying to meet the needs of all stakeholders in the oil and gas industry the company proposed to the federal government to introduce Compressed Natural Gas (CNG) as a vehicular fuel in the country.

The scheme which had been approved by the Nigerian government is expected to take off in Benin; Edo State in 2008 is another private sector initiative to improve the nation’s economy.

CNG is an environmental friendly fuel and it offers economic benefits to the users by way of reduced running cost which is expected to be around 50% to as compared to the running cost of petrol for diesel fuelled vehicle at the current level of prices of these liquid fuels.

The company would spend over N5 billion on the project which shall be in phases with the pilot phase in the city of Benin requiring about 5.3 million scf (150,000 scm) of gas per day. Eight CNG stations will be established in the state to provide CNG to about 25,000 cars, 150 mini buses and 30 cars which shall be converted from petrol/ diesel to CNG in the pilot phase of 3 years period.
 
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