Rainoil Restricted, an built-in oil and gasoline group led by Nigerian oil tycoon Gabriel Ogbechie, has unveiled a state-of-the-art mega filling station in Benin Metropolis, the fourth-largest metropolis in Nigeria and the capital of Edo state within the South-South geopolitical zone of the nation.
This landmark achievement is the most recent in a sequence of strategic strikes aimed toward increasing the corporate’s presence and operations, additional solidifying its management place in Nigeria’s oil trade.
Boasting a sprawling expanse of over 5000 sq. meters, the power is strategically positioned alongside the Benin bypass—a serious freeway that connects Nigeria’s South-South and South-West geopolitical zones and is poised to supply unparalleled service supply to motorists.
As the only real firm in Nigeria to own tank farms in three of the 4 pivotal areas the place petroleum merchandise are imported and distributed nationwide, Rainoil has demonstrated its dedication to making sure constant, high-quality provide to its clientele.
Gabriel Ogbechie, the Group Managing Director of Rainoil, emphasised that clients on the newly launched mega filling station will obtain the identical normal of service as those that frequent some other Rainoil station.
Rainoil, a key participant in Nigeria’s oil trade, was based by Gabriel Ogbechie in 1997 and operates throughout the downstream worth chain. Its actions embody petroleum product storage, haulage, distribution, and retail gross sales, with three depots of fifty million storage capability every situated in Oghara, Delta State, Calabar, Cross Rivers State, and Ijegun, Lagos State.
Beneath Gabriel Ogbechie’s management, Rainoil has expanded its asset base within the 26 years of its operation, together with the acquisition of three state-of-the-art petroleum product storage depots, working over 100 shops throughout Nigeria, and managing a fleet of greater than 140 petroleum product tank vehicles for environment friendly product supply to its in depth community of stations and clients throughout the nation.
In 2021, Rainoil bolstered its strategic growth plans throughout the oil and gasoline worth chain with the acquisition of Eterna Plc, a Nigerian lubricant and chemical producer and marketer, in a cross-deal value $26.1 million by way of Preline Restricted, an funding car owned by Gabriel Ogbechie.