Northwest Petroleum Expands Fuel Retail Business

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  • Northwest Petroleum Expands Fuel Retail Business

Northwest Petroleum and Gas Company Limited, an indigenous petroleum products marketing firm, has said the new ultra-modern filling station in Lekki is in line with the drive for massive expansion of its retail business.

The Managing Director/Chief Executive Officer, Mrs. Winifred Akpani, said the company had embarked on the construction of new mega filling stations in strategic and high-impact locations in major cities across the country.

She said at the inauguration of the new Lekki station that three additional stations were under construction with more projects starting soon.

Akpani said, “As you may be aware, Northwest is a company with very humble beginnings; we started 19 years ago with the supply of diesel in 200 litre drums. Today, we are able to load out a daily average of six million litres. Presently, we have two ultra-modern mega petroleum products storage terminals with combined capacity of approximately 100 million litres certified and duly licensed by the Department of Petroleum Resources.

“The depots are strategically located in Calabar to primarily serve the South-South, South-East and northern states of the federation. Our choice of location of the depots was principally as a result of the call by the Federal Government for the decentralisation of depots for effective distribution of products across the country. Ours was the first mega petroleum products storage depot to be licensed by the DPR in the region.

According to her, the projects are in line with the vision of the Federal Government to increase local capacity in the downstream sector of the economy and support genuine private sector initiatives aimed at strengthening the Nigerian economy.

“Also, the multiplier effect on the economy through the creation of new employment opportunities and supply of good quality petroleum products at highly competitive prices cannot be over-emphasised,” Akpani said.

She said the company’s first 24-nozzle ultra-modern mega filling station in Calabar commenced operations on April 4, 2012.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]; Tel: +2347065163489.

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