NNPC acquires OVH Energy Limited with 380 additional filling stations

Limited on Saturday acquired OVH Energy Marketing Limited’s downstream assets.

Unveiling the acquisition in Abuja on Saturday, Margery Okadigbo, the board chairman of NNPC Limited, said the acquisition, under an Accelerated Network Expansion Initiative, would help strengthen NNPC’s downstream business portfolio to enhance profitability and guarantee national energy security. “By this merger, we are the largest downstream company with a robust network in the country and Africa,” he said.“We will use it to deliver Liquefied Petroleum Gas and Compressed Natural Gas into the market and also to poor citizens who rely on biomass to cook,” he said.Huub Stokman, the CEO of OVHEM Limited, said the company was enthusiastic about the future potential and capabilities of the combined entity and was ready to bring efficiency to the leading business.

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NNPC Ltd acquires 380 Oando stations, other assets nationwideThe Nigerian National Petroleum Company Limited (NNPCL) has acquired all 380 Oando retail outlets, aviation and gas brands nationwide from OVH Energy.
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