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Monday, August 10, 2020
Rainoil Limited, an integrated downstream oil and gas company operating in Nigeria, will be building a new Liquefied Petroleum Gas (LPG) plant in Lagos. The project was officially commissioned with Minister of State for Petroleum Resources H.E. Chief Timipre Sylva and Group Managing Director, NNPC and Mele Kyari in attendance along with Rainoil executives.
The new plant will have a tank capacity of 8,000 metric tonnes and according to Sylva, “the establishment of the plant aligned with the Federal Government’s drive to deepen cooking gas penetration and attain five million MT of LPG consumption by 2022.”
“Rainoil is really working in tandem with the vision of the Federal Government in making gas a preferred fuel in the country,” Kyari commented, adding “We believe that gas is our next instrument for developing our economy, and we commend Rainoil for its effort in ensuring the use of gas in the country.”
Rainoil has been expanding steadily in the country with a number of facilities including retail outlets. The Group Managing Director, Rainoil Limited, Gabriel Ogbechie, stated the company made the decision to invest in growing the LPG sector in 2018. “Our investment in the project is substantial as we now account for 16.6 per cent of the LPG storage in the country,” Ogbechie explained.
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