• Wednesday, June 12, 2024
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Nipco wins twin awards in Oil & Gas industry


Nipco plc, an integrated oil and & gas company has bagged twin awards in the hydrocarbon industry for its seamless operations, effective handling, storage and distribution of white products and gas across the country at the prestigious Oil & Gas Innovation Awards 2016 organised by BusinessDay –Oval Energy .
The awards namely, Downstream Marketing Company of the Year and LPG Distribution Company of the Year were presented to the company at an elaborate event in Lagos.
In his remarks, Publisher /CEO BusinessDay Media Ltd, Mr Frank Aigbogun said the awards were not only open and transparent but its integrity too cannot be questioned as verifiable parameters were used in selection process of all companies nominated and eventual winners.
According to him, the organization Research and Intelligence Unit carried extensive research using different factors on all companies involved in the upstream and downstream sectors of the oil & gas industry.
Nipco’s awards, the organisers noted was the fallout of the organization prime roles in the effective distribution of petroleum products across the nooks and crannies of the country, a feat that even elicited the commendation of stakeholders including the Nigeria National Petroleum Corporation recently.
The downstream major whose thru-put on behalf of the NNPC to make the entire country wet recently hits 1.8 billion litters with an expansive 4,800MT LPG plant servicing about 40% of the entire domestic gas needs of the country has about 4,000 marketers loading from its terminal at Apapa ,Lagos state.
Receiving the awards, Managing Director, Nipco, Mr Venkataraman Venkatapathy said the feat is very inspiring and result of team work by the entire employees of the company who have continued to drive the management to greater heights in the industry.