Obat Oil targets nationwide expansion with 200 new stations
Obat Oil is planning to significantly expand its retail presence across Nigeria. Akinfemiwa Akinruntan, the Group Managing Director, discussed the company’s focus on technology, operational efficiency, and collaboration with the Dangote refinery. He highlighted ongoing investments in infrastructure and a commitment to cleaner energy solutions. The company aims to enhance customer experience and maintain its reputation for integrity in the downstream sector.
TLDR
- Obat Oil plans to grow its retail network to 200 stations nationwide and is introducing franchising to accelerate this expansion.
- The company is investing in technology, digital systems, and infrastructure upgrades, including its Apapa jetty and tank farms.
- Collaboration with the Dangote refinery is ongoing, with a focus on strengthening product handling and distribution.
- Investments in LPG and CNG infrastructure are underway, with pilot projects in Ondo and Ogun States as part of a transition to cleaner energy.
- Akinfemiwa Akinruntan emphasized that operational efficiency, service quality, and innovation are key to remaining competitive in Nigeria’s evolving downstream sector.
