To strengthen its downstream business portfolio and to enhance profitability and guarantee National Energy Security, NNPC Limited has completed the acquisition of OVH Energy Downstream assets.
The 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 our Accelerated Network Expansion (ANEX) Initiative, will bring over 380 additional filling stations under the NNPC Retail brand in #Nigeria & #Togo, on the journey to attaining 1,500 stations.
With this development, NNPC Retail is poised to become the largest petroleum products retail network on the African continent.