4/16/2019 Petrocam Halts Plan To Build Refinery — Economic Confidential

Petrocam Halts Plan To Build Re nery

By Economic Con dential - April 11, 2019

Petrocam Halts Plan To Build Re nery

Petrocam Trading Nigeria Limited has announced the suspension of its plan to build a re nery in the
country.

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4/16/2019 Petrocam Halts Plan To Build Refinery — Economic Confidential

The Managing Director, Petrocam Trading Nigeria Limited, Mr Patrick Ilo, said the lack of full deregulation in
the downstream sector was hampering investments.

The company was reported to have said last year that it was looking to set up a 400,000 barrels per day
re nery in the country.

Ilo stated this during the inauguration of the company’s new solar-powered fuel station located at Abule
Ado, Badagry Expressway, Lagos.

He said the number of the company’s retail outlets had increased to 11.

According to a statement, the new station has ve metric tonnes gas skid and 11 underground tanks with
45,000 litres capacity each and 10 tanks for Premium Motor Spirit and one tank for Automated Gas Oil.

The Administration and Sales Manager, Petrocam Trading Nigeria, Eyo Oghogho, said, “At Petrocam outlets,
we ensure that a litre is a litre. Another thing is that when you come to Petrocam lling station, you are sure
you will get your PMS, diesel and gas. You don’t need to go somewhere else to get your gas.

“Talking about the gas, we have a digital scale system whereby you are sure of what you are buying. If you
have a 12.5kg cylinder, you don’t really need to buy a 12.5kg gas. You could buy 5kg into it because the
scale is digitalised and you could see what you are buying.”

Oghogho said the company would expand its operations to other parts of the country in coming months.

“All our outlets for now are based in Lagos. We are intending to extend our frontiers to other state capitals
in the next couple of months and from there, we will start expanding to other locations in Nigeria,” she
added.

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