NNPC Limited Acquires OVH Energy Downstream Assets
In order to strengthen its downstream business portfolio to enhance profitability & guarantee National Energy Security, NNPC Limited has completed the acquisition of OVH Energy Downstream assets.
These assets include a reception jetty (ASPM) with 240,000MT monthly capacity, 8 LPG Plants, 3 Lubes Blending Plants, 3 Aviation Depots and 12 warehouses.
The acquisition, which is under NNPC’s Accelerated Network Expansion (ANEX) Initiative, will bring over 380 additional filling stations under the NNPC Retail brand in Nigeria & Togo, on the company’s journey to attaining 1,500 stations.
With this development, we are poised to becoming the largest petroleum products Retail network on the African continent.