Rainoil

AFRICA RAINOIL

A humble corporate citizen with ambitious downstream aspirations

R A I N O I L

2

WWW.AFRICAOUTLOOKMAG.COM

O

I

L

&

G

A

AFRICA

S

The Pride Petroleum W

Both ambitious in its downstream aspirations and humble as a sound corporate citizen, Rainoil Limited has risen to the fore of the nation’s oil and gas industry.

Gabriel Ogbechie, Founder and Group Managing Director, tells its story Writer: Jonathan Dyble Project Manager: Ashley Parfitt

ith the 60th anniversary of Nigerian independence fast approaching, a quick reflection upon the country’s modern history transparently unveils what can only be described as a nation on the rise.

Standing as Africa’s largest economy with an estimated population of 200 million and GDP of $376 billion, the continent’s western powerhouse has made monumental strides throughout the past half century, now outperforming the likes of South Africa, Ireland and Hong Kong.

Sweeping opportunities and prospering industries have paved the way for Nigeria’s surge, the African Development Bank citing a thriving service sector and sound economic and political reforms as consistent tailwinds in recent times.

Among the nation’s top performers is none other than the oil and gas vertical. Since the first discovery of commercially available hydrocarbons in 1956 in Oloibiri, a small community located just off the country’s southern coastal border, the industry has grown rapidly to displace the traditional role of agriculture as the nation’s leading economic mainstay.

Evaluating figures from the Nigerian National Petroleum Corporation (NNPC), such growth is clear to see, with the production of 0.184 billion barrels of oil and 2.260 billion cubic feet of gas recorded in 1958 having expanded exponentially during the latter part of the 20th century, with the nation producing 25.93 billion barrels of oil and 158 trillion cubic feet of gas by the turn of the millennium.

Fast forward to the present day and petroleum products now account for roughly 90 percent of all of Nigerian exports, while local oil consumption has similarly reached all-time highs in recent months, evident in the demand of 820,000 barrels per day during May 2018.

Gabriel Ogbechie

WWW.AFRICAOUTLOOKMAG.COM

3

R A I N O I L

FIRST CITY MONUMENT BANK About First City Monument Bank (FCMB) Limited First City Monument Bank (FCMB) Limited, the flagship of FCMB Group Plc, is one of the top eight lenders in Nigeria.

From its early origins in investment banking as City Securities Limited in 1977, FCMB, established in 1982, has emerged as one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments.

Having transformed into a retail banking and wealth management-led group, FCMB continues to distinguish itself through innovation and exceptional service delivery. The bank offers simple products, reliably and helpfully by differentiating itself through highly professional and committed staff, a customer-focus culture, and an all-round performance-driven environment.

FCMB’s unique retail-lending capabilities help it to support the personal and business aspirations of its clientele.

Rainoil has diversified its portfolio to include large storage facilities

Rainoil was started from scratch, from ground zero you might say, and we have grown it step by step and brick by brick, a trajectory that has truly made it what it is today” Depicting downstream excellence

A buoyant market to say the least, Rainoil Limited is one company that is thriving in the current climate.

A petroleum products marketing and retail company that was incorporated in 1994, later commencing business in May 1997, Rainoil Limited has successfully risen from modest beginnings, now positioned as one of Nigeria’s leading oil and gas players.

“Rainoil was started from scratch, from ground zero you might say, and we have grown it step by step and brick by brick, a trajectory that has

4

truly made it what it is today,” states Gabriel Ogbechie, the company’s Founder and Group Managing Director.

“We acquired our first petrol station in 1997, then launching a second outlet in 1999, and I am proud to say that we have not looked back since.”

Two decades on, the group now encompasses 70 petrol stations across Nigeria, simultaneously having diversified its portfolio through the erection of two 50 million-litre storage depots – one in Oghara, Delta State and the other in the Calabar Free Trade Zone within Cross River State.

WWW.AFRICAOUTLOOKMAG.COM

It has also continued to work towards achieving its ambition to become a more convenient and accessible bank, through its electronic banking channels – mobile, USSD, internet banking, and network of ATMs and agents across Nigeria.

Over the years, FCMB has won several awards for outstanding performance.

Rated as the third most customerfocused bank in retail and (SME) banking in the 2018 report by KPMG Banking Industry Customer Satisfaction Xxxxxxxx(BICSS); xxxxxxxxan xxxxxxxxxxx xxxxxxxxx Survey improvement from fifth in 2017.

In 2017, FCMB emerged “Most Improved Retail Bank in Nigeria’’ at the BusinessDay Banking Awards and in 2018, was conferred with the “Excellence Award in Retail Banking’’ at the New Age Banking Summit.

Xxxxxxxx xxxxxxxx xxxxxxxxxxx xxxxxxxxx

R A I N O I L

“Alongside these two depots, we are building a new integrated multi product storage facility in Lagos which includes storage of an 8,000 metric tonnes Liquefied Petroleum Gas (LPG) and also storage for jet fuels, gasoline and gas oils,” adds Ogbechie.

“Furthermore, Rainoil has developed a substantial logistics portfolio that includes a fleet of one cargo ship and around 100 tank trucks that are used to distribute our products across the country.”

Active in everything from shipping and logistics to storage and retailing, the company has worked tirelessly to position itself as a major player across the entire value chain of the Nigerian downstream sector, selling petroleum products both across its petrol stations and directly to some of the country’s prime industrial customers.

Furthermore, Rainoil has developed a substantial logistics portfolio that includes a fleet of one cargo ship and around 100 tank trucks that are used to distribute our products across the country”

LEADERSHIP FOCUS GABRIEL OGBECHIE, FOUNDER & GROUP MANAGING DIRECTOR Gabriel Ogbechie is an engineer by profession, having studied Production Engineering at the University of Benin in Southern Nigeria, graduating in 1987.

Following this, after completing his National Youth Service in 1988, Ogbechie secured his first job, working at a vegetable oil company in Kano, Kano State as a Factory Engineer before moving to Pricewaterhouse Coopers (PwC) and later Ascon Oil Company Limited in 1992 – an organisation he remained with until 1997.

“At Ascon, I learned the ropes of the oil and gas industry and began to notice the vast opportunities available,” he reveals.

“It was a sector that I quickly fell in love with and so five years after joining Ascon, I left in order to focus full time on making my own business, Rainoil, a success.

“I understood the climate, recognised where the industry was heading, and aligned my own strategies to this end in the downstream sector.”

VIBROFLOTATION & GEOTECHNICAL NIG. LIMITED (VGNL)

V

ibroflotation & Geotechnical Nig. Limited (VGNL) was incorporated in May 2002 and has its head office in Lagos with branch office in Port-Harcourt.

VGNL is committed to being one of the leading deep foundation engineering and construction company in Nigeria and is currently one of the best and most equipped vibroflotation companies in Nigeria. Our desire is to bring excellent solutions to your engineering projects requiring ground improvement with world class success records.

With Rainoil Ltd/Promenade Oil and Gas Company Ltd’s berthing facilities situated at Ijegun Egba in Amuwo Odofin Industrial Estate Area of Lagos State, Nigeria provided us another opportunity to show case our specialist engineering knowledge and experience in the structural/geotechnical and marine works design and construction of a unique state-of-the-art berthing facilities and shoreline protection to receive between 20-30 tons DWT, LOA of between 125-185m vessel within project time frame, mitigating over all site, weather, tide and logistic challenges without overshooting the project budget.

The design and construction of the facilities were done in accordance with the relevant international codes of engineering practice to meet Xxxxxxxx xxxxxxxx xxxxxxxxxxx xxxxxxxxx international quality standards.

6/8 MICHAEL ADEKOYA STREET, ILUPEJU, LAGOS, NIGERIA P. O. BOX 6104, FESTAC TOWN, LAGOS, NIGERIA T + 234 (0) 806 649 2227 T + 234 (0) 809 568 9332 E info@vibroflotation-ng.com

www.vibroflotation-ng.com

Xxxxxxxx xxxxxxxx xxxxxxxxxxx xxxxxxxxx

6

WWW.AFRICAOUTLOOKMAG.COM

...Constructing Underground To Support What Is Built Above Ground

GENERAL SPECIALIST CAPABILITIES • DEEP SOIL IMPROVEMENT BY VIBROFLOTATION METHOD • SHORELINE PROTECTION AND JETTY CONSTRUCTION • DEEP FOUNDATION CONSULTANCY SERVICES

CORPORATE HEAD OFFICE VIBROFLOTATION & GEOTECHNICAL NIGERIA LTD (DEEP FOUNDATION SPECIALIST) 6/8 MICHAEL ADEKOYA STREET, ILUPEJU, LAGOS P. O. BOX 6104, FESTAC TOWN, LAGOS Tel: + 234 (0) 806 649 2227 + 234 (0) 809 568 9332 info@vibroflotation-ng.com www.vibroflotation-ng.com

R A I N O I L

CAKASA (NIG) COMPANY LIMITED The Spirit of an Enterprise One may wish to discover the secret of Rainoil Group. First, it is identified by its spirit. Second, it sought synergy with an enterprise whose spirit stands in clear, unequivocal complementarity to its spirit.

This is where CAKASA, the Nigerian dream team of engineering, procurement, installation, construction, operation and maintenance (EPICOM) services in the oil and gas industry, comes in. Founded in 1974 and commencing full operations in 1979, CAKASA has worked with oil and gas giants to deliver on their broad vision and objectives. Proudly, we affirm Rainoil as one of our key clients.

Our collaboration saw the successful delivery, ongoing execution, of trademark projects for the company, including: • EPC of petroleum products cargo pipeline at the Calabar Free Trade Zone (CFTZ), delivered and commissioned in 2014.

Investment, diversification and LPG

Having established Rainoil Limited from the outset, it was apparent speaking with Ogbechie that he could look back at how far the business has come since its inception with a sense of pride, its 20th anniversary in 2017 having provided the perfect opportunity for such reflection.

“We couldn’t help but roll out the drums and celebrate our achievements,” he reveals. “The mortality rates for startup companies are very high in this industry, and when you start with as little as we did people don’t tend to rate your chances too highly.

“What is a true delight, however, is that we have not only managed to survive for over 20 years, but equally we have expanded to provide ourselves with the perfect platform to kick on and consolidate our position as one of the most influential players in the Nigerian downstream space.”

8

WWW.AFRICAOUTLOOKMAG.COM

The mortality rates for startup companies are very high in this industry, and when you start with as little as we did people don’t tend to rate your chances too highly”

• Successful delivery and commissioning in 2014 of the contracts for supply and installation of state-of-the-art equipment at the Fynefield Petroleum Facility at CFTZ. • Currently undertaking turnkeybased engineering, procurement and construction of a modern LPG depot with a total sphere capacity of 16,560 cubic metres for Promenade Petroleum at Ijegun, Satellite, Lagos.

Our collaboration with Rainoil is a Xxxxxxxx xxxxxxxx xxxxxxxxxxx xxxxxxxxx continuing and mutually rewarding one.

Thus, CAKASA is keenly involved in the planning, design and engineering of strategic upcoming gas projects across the length and breadth of Nigeria.

All point to the self-evident truth that when the spirit of two enterprises merge, align and complement, they become inseparable in interests, conjoined by purpose and melded by core values.

That is our story: CAKASA and Rainoil – two giants in the same industry bringing out the best in each other.

Xxxxxxxx xxxxxxxx xxxxxxxxxxx xxxxxxxxx

R A I N O I L

Probed further about how Rainoil Limited was able to rise to the top in such unprecedented fashion, Ogbechie is quick to point to one of the company’s core differentiators.

“We never stop investing,” he states.

“From one petrol station, to two, to five, to 10, this strategy has remained a constant during the course of our history.”

Most recently this ethos has highlighted itself in the form of the firm’s aforementioned portfolio of storage depots, the organisation having commissioned its first such facility in 2011, then again in 2015, and finally the multi storage depot in Lagos which will hold the 8,000 metric tonne LPG storage facility and storage facility for jet fuels and others that is set to be opened this year.

“This ideal in particular has given us the capacity to be able to weather any new storms as they have come,” Ogbechie continues. “Challenges

are inevitable in any industry, from changes in asset prices to economic cycles, but these investments have allowed the company to not only remain ahead of the curve but similarly stand up to any tests.”

Diversification has been integral to this, the firm readily keeping on top of current trends and aligning itself accordingly – evident in the company’s rising emphasis on the growth of regional LPG market.

“LPG demand has more than doubled in Nigeria in the past two years,” explains Ogbechie, “owed to the government’s renewed policies that have been encouraging the populace to use it as a daily fuel for activities such as cooking as opposed to current, less efficient alternatives like firewood and kerosene.”

Acutely aware of this, Rainoil Limited has been readily positioning itself in line with this fast-emerging market, not only through the 8,000

PEEJAY SHIPPING AND LOGISTICS COMPANY LTD

N

igeria has enormous marine logistics potential.

The nation, located on the coastal corridors of the Gulf of Guinea and the Bight of Benin, is blessed with 850 kilometres of coastline and inland waterways of almost 4,000 kilometres.

Nigeria thus commands a vibrant shipping industry, one that can look to increasingly take advantage of the country’s estimated annual freight expense of $5-6 billion.

In terms of cargo throughput, 2017 saw 71,535,636 tonnes pass though Nigerian ports, a rise of more than a million tonnes on 2016, although this sits below the heights reached between 2011 and 2014.

In terms of industry growth, the maritime sector is thought to have grown by around 2.5 percent through 2018, with increases in demand for services expected for 2019 and beyond.

PARTNER POWER

One company serving this important industry is Peejay Shipping & Logistics Company Limited.

Despite standing as Africa’s leading contributor to global oil production levels, Nigeria is both the only member country of the Organisation of Petroleum Exporting countries (OPEC) that imports petrol and the world’s largest automotive gasoline (PMS) importer.

Able to offer many services in the marine logistics domain, it prides itself on its customer-orientated approach and ability to provide international coverage, and one such beneficiary of the firm’s expertise to date has been Rainoil.

A contributor to these imports, Rainoil Limited previously typically worked with a number of foreign suppliers such as Vitol SA, Glencore and other large conglomerates. However, owed to government policy changes such as the removal of subsidies on petroleum products, Rainoil Limited now almost exclusively works with the NNPC – the country’s main importer of PMS. “Supply chain is very important,” responds Ogbechie, when asked about the firm’s relationships with these companies.

“If we do not have reliable access to crucial products then we can’t run our own business, so it is company policy to hold relationships with our partners, such as NNPC, in the highest regard. They are of upmost importance to the success of our brand and business.”

Xxxxxxxx xxxxxxxx xxxxxxxxxxx xxxxxxxxx

T 0806020622 E operations@peejayshipping.com E peejayshipping@yahoo.com Xxxxxxxx xxxxxxxx xxxxxxxxxxx xxxxxxxxx

10

WWW.AFRICAOUTLOOKMAG.COM

Excellent Servant Cu stome r

Desp at

ch A ge n t

Contact E operations@peejayshipping.com E peejayshipping@yahoo.com T 0806020622

R A I N O I L

metric tonne storage depot that is being finalised, but equally with its wider plans to develop a second such facility in Oghara, Delta State.

“If I’m completely honest,” the GMD explains, “we are seriously considering rolling out LPG schemes and bottling plants across the country, starting in Lagos and Benin City and then ramping this up in other regions. In our eyes, the future is LPG. “Gasoline of course remains our main focus as it accounts for approximately 70 percent of our business, but we know that new prospects will always spring up where there are changes in market dynamics,

and we will continue to work to ensure we are positioned to take advantage of any major developments.”

Made by manpower

Hand in hand with this ethos comes the company’s network of esteemed staff, an employee base constituting approximately 800 innovative, dedicated workers that have each fostered the firm’s progressive outlooks and cultures.

“We are lucky to have such a committed team,” explains Ogbechie.

“We are very strategic in our hiring and, much like our training, we take it very seriously.”

BLUESEAS MARITIME SERVICES

B

lueseas Maritime Services has made rapid progress throughout the past 16 years, specialising in the provision of agency services to tanker and dry cargo vessels, visiting seaports in West Africa, particularly Nigeria, Ghana and Togo. This includes loading and discharge of crude oil, petroleum products, containers and dry cargoes.

We ensure professionalism, excellent service and quick turnaround time for vessels under our care. Apart from agency services, we also offer ship husbandry services to vessel owners, help with supplies and spares in transit, crew change and consultancy services.

T +234 1 280 5388 E opslagos@blueseasgroup-ng.com

www.blueseasgroup-ng.com

INTEGRATED SHIPPING SERVICES

I Rainoil has remained a wholly indigenousowned company throughout its illustrious 22-year history

ntegrated Shipping Services has been in operations for over 19 years specialising in the oil and gas sector port agency for all crude/LNG/LPG terminals and petroleum jetties in all Nigerian Ports. We pride ourselves in offering our customers a responsive, competent, cost effective and excellent service.

The company has offices in strategic locations – Lagos (Head Office), Portharcourt, Bonny, Calabar and Warri – all manned by industry best hands and able to quickly provide assistance to clients at short notice.

Vision - “To be the premier maritime solutions company in Nigeria, setting high standards in the industry”

www.inter-ship.com

12

WWW.AFRICAOUTLOOKMAG.COM

O

I

L

&

G

A

S

BLUESEAS MARITIME SERVICES NIGERIA LIMITED SERVICES: • Ship agency • Protective agency • Bunker supply • Vessel brokerage • Ship husbandry • Crew handling • Consultancy services • Freight forwarding practice

BRANCHES: - Port Harcourt (Nigeria) - Warri (Nigeria) - Bonny (Nigeria) - Calabar (Nigeria) - Tema (Ghana) - Abidjan (Ivory Coast) - Lome (Togo) - Lagos (Nigeria)

Corporate Head Office Maritime Complex, 1st Floor 34 Creek Road, Apapa, Lagos, Nigeria T: +234 1 280 5388 M: +234 703 417 9967, +234 803 832 5147 E: opslagos@blueseasgroup-ng.com W: www.blueseasgroup-ng.com

...Redefining Shipping Service Delivery in West Africa

We are one of the leading providers of services to the Nigerian Maritime Industry

Intergrated Shipping Services Nigeria Ltd Our Services: • Full Agency Service • Owners Protective Agency • Charterer’s Protective Agency • Logistics support services • Defence Agency Services • Liner Agency • Maritime Consultancy services

Contact Us: No 31B, Marine Road Apapa GRA Lagos - Nigeria TEL: +234 (0) 813 609 1590 TEL: +234 (0) 909 624 5308 TEL: +234 (0) 909 628 6127 MOB: +234 (0) 806 935 4015 MOB: +234 (0) 809 273 9991 Email: info@inter-ship.com Email: agency@inter-ship.com www.inter-ship.com

WWW.AFRICAOUTLOOKMAG.COM

13

R A I N O I L

Rainoil’s overriding emphasis on this front was ramped up approximately five years ago, 15 years after the business’s inception, as the company’s primary concern moved from profitability to that of sustainability.

Engaging Ogbechie’s former employer in the form of PwC, the group extensively re-evaluated its processes, financials, policies and operations, undertaking a number of restructuring initiatives that included a renewed recruitment outlook.

Ogbechie adds: “The initial idea was geared towards looking at how Rainoil would be able to transition from being just another company to becoming a household name of the Nigerian oil and gas industry. Working with PwC, we quickly recognised the importance of having coherent hiring and talent retention strategies in achieving this, and have since been striving to bring first class graduates and similarly promising individuals on board.

14

“Right now, I’m the Group Managing Director, but it is my belief that each and every member of our team should be willing and capable of doing such a job.

Any product or company is only as good as its manpower. It is not the petrol stations, it is not the depots, it is not the products – these things are of course important to our model, but the core successes are down to the staff. Once this comes, everything else follows.”

Advocating this outlook, Rainoil Limited remains competitive in what it can offer to both its existing staff and new talent, providing tailored and progressive career plans, ensuring that it has a team that can more than hold its own within the industry.

SIAO

S

ince her founding in 2005, SIAO has grown to become Nigeria’s largest indigenous Nigerian professional service firm. With our crop of seasoned professionals, we remain a one-stop shop providing audit assurance, tax and advisory services to a plethora of organisations across several sectors.

We are proud to be auditors to Rainoil Limited. It remains both a pleasure and an honour to have mutually beneficial relationship with a prominent player in the Nigerian petroleum industry.

Sound social responsibility

Accentuating opportunity within its own structure, Rainoil Limited also actively ensures that the local communities in which it operates are beneficiaries of its presence in a

WWW.AFRICAOUTLOOKMAG.COM

T +234 1463 0871-2 E enquiries@siao-ng.com

www.siao-ng.com

O

I

L

&

G

A

S

FINANCIAL ACCOUNTING & RISK ASSURANCE SERVICES Accounting Services IFRS Advisory Reporting Accounting Internal Audit

Our professional services go beyond the provision of nancial analysis and reports.

HUMAN RESOURCE CONSULTING Talent Sourcing & Acquisition Learning and Development Payroll Processing and Management Organisational Development Client and Employee Satisfaction Surveys

AUDIT & ASSURANCE SERVICES Statutory Audit Forensic Audit Special Audit Value for Money Audit

We are your one-stop shop for professional services offering Audit and Assurance, Tax Advisory and Compliance Services, Management and Human Resource Consulting and Financial Accounting and Risk Assurance Services.

MANAGEMENT CONSULTING SERVICES

TAX CONSULTING Tax Advisory Services Tax Compliance Services

We help organisations put in place vital checks and balances and make informed decisions.

LEGAL AND COMPLIANCE SERVICES Corporate Governance Company Secretarial Services

CREDIT AWARENESS The Entrepreneur's Academy

PUBLIC SECTOR CONSULTING

SIAO Assurance. Compliance. Taxation. Human Resource Consulting. Financial Advisory

Deltec Engineering Limited is a wholly indigenous, service-driven, multi-disciplinary engineering consultancy and project management company. The Company was registered in 1991 for the purposes of growing and developing indigenous capacity in civil and structural engineering design, construction and project management. Today, the company has strategic alliances with other professional organizations in the built environment with Deltec Engineering Limited as lead consultants in most cases.

Our consulting services range from investigations, feasibility studies / appraisals, economic and physical planning, construction supervision, project management and complete engineering design to the supply of special engineering skills and advice. Deltec has expertise and management of a wide variety of projects in the following areas: • BUILDINGS • TRANSPORTATION • POWER & TELECOM • ENVIRONMENT • INFRASTRUCTURE • OIL & GAS

• TRAINING AND MANPOWER DEVELOPMENT • ENGINEERING, PROCUREMENT AND CONSTRUCTION * PROJECT MANAGEMENT, SUPERVISION, AND QUALITY CONTROL

Plot 576, 14th Street, DDPA Estate, Ugborikoko, Effurun, Delta State, Nigeria.

T: No:08037262708 D-U-N-S Number 56-134-9595 E: delteceng@yahoo.com, samson.ivovi@delteceng.com

www.delteceng.com

WWW.AFRICAOUTLOOKMAG.COM

15

R A I N O I L

multitude of ways, operating as both an active and admirable Nigerian corporate citizen.

From Lagos to Oghara to other cities, the company has supported schools, orphanages, and healthcare institutions across the country over the years, offering its expertise and finances in providing key infrastructure, community outreach programmes and the likes.

The firm’s 20th anniversary demonstrated a prime example of these practices, with Rainoil having engaged with a broad number of societies as part of its celebrations,

while Ogbechie himself is quick to highlight that the business readily partakes in sports sponsorships and runs a corporate volunteer service programme focussed on caring for the less privileged, elderly and disabled.

Asked about the motivations behind these things, Ogbechie responds: “We believe every company should, as a matter of policy and principle, impact for the benefit of local people.”

“As a rule, we try to follow this philosophy as consistently as possible, reflected by the healthy budgets that we regularly set aside for such initiatives.

We recognise that our business has only

FIDELITY BANK

F

idelity Bank is a fully-fledged commercial bank operating in Nigeria, with over 4.2 million customers serviced across 231 business offices and various other digital banking channels.

Focused on select niche corporate banking sectors as well as micro small and medium enterprises (MSMEs), the company is rapidly implementing a digital retail banking strategy which has resulted in exponential growth in savings deposits over the last three years, with 40 percent customer enrollment on the Bank’s flagship mobile/internet banking products.

Fidelity Bank is reputed for integrity and professionalism. It is also respected for the quality and stability of its Executive Management team.

www.fidelitybank.ng

Rainoil takes part in a number of CSR activities, including sponsoring a local tennis tournament

16

WWW.AFRICAOUTLOOKMAG.COM

O

I

L

Gold Quality, Silver Price‌

Custom-Made Frameless Glass Shower Enclosures Frameless Glass Doors And Partitions Aluminium-Framed Windows, Doors And Partitions Folding Doors Curtain Walling And Cladding Sliding Systems Automatic Doors Railings (In Collaboration With COMENZA) Retractable Flyscreens Longspan Aluminium Roofing Mirrors And Glass Shelves Decorative And Safety Glass Films.

TEL: +234 1 2955591; +234 7046182987 Email: info@carataluminium.com www.carataluminium.com

&

G

A

S

Engineering, Procurement, Construction, Calibration, Consultancy Services.

Control Systems International Company Limited (CSI) is a privately owned company incorporated under the Laws of the Federal Republic of Nigeria with its head office in Lagos and branch offices in Calabar and Oghara. The company is involved in the provision of services to the Oil /Gas and Associated Industries.

08033070959 fak@controlsystems.com.ng fakconsys@gmail.com www.controlsystems.com.ng

WWW.AFRICAOUTLOOKMAG.COM

17

R A I N O I L

been able to thrive from the support of the communities that we operate in, so it is only fair to share the spoils and help in upholding each of these regions.

“Personally, I am a firm believer in generosity. Sometimes a moment of reflection is all that is needed to see that your own needs are quite small in the way of the bigger picture.”

Having remained a wholly indigenous-owned company throughout its illustrious 22-year history, Rainoil Limited today still plays a fundamental role in bettering both the local economy and society, further reflected by the business’s sound and responsible approaches to health, safety and the environment.

Maintaining excellence in each of these areas is critical to the long-term success of the business, a feeling that has resulted in the company’s

18

WWW.AFRICAOUTLOOKMAG.COM

We are working very seriously on our investment programme... as we move into a new and particularly exciting era for Rainoil”

O

I

L

Outlook Creative Services

&

G

A

S

Outlook Publishing’s awardwinning in-house team is now utilising its extensive production skills to offer a full and bespoke range of editorial, design and marketing services via its new Outlook Creative Services division.

SPECIALISTS IN ALL ASPECTS OF COMMERCIAL MARINE SERVICES, INCLUDING STS, DIVING, TERMINAL MANAGEMENT AND FLEET OPERATIONS. West African Fenders is a world class marine Company with an aim to provide marine services to targeted business environments in Africa with the view of growing into regions in other continents where there is a growing need for Marine Services.

SHIP TO SHIP TRANSFER SERVICES TANKER CHARTERING MARINE SERVICES

F O R M O R E I N F O R M AT I O N V I S I T: www.outlookpublishing.com/creative-services

UK/Nigerian Office | operations@wafenders.com | www.wafenders.com

compliance with leading safety regulations and industry best practices.

From driving awareness and emphasising that safety is a collective responsibility amongst both its staff and contractors, to ensuring that adequate contingency plans are in place and safety procedures are reviewed periodically to facilitate continuous improvement, Rainoil Limited truly remains responsible across the board, externally, internally and everywhere in between.

Fostering the future

Rainoil’s esteemed employment strategies and sound corporate social responsibility practices aside, the group is expecting to experience one of the most expansive periods in its history to date through the remainder of 2019 and early 2020.

The firm’s ever-heightening ambitions have manifested themselves in the form of its Project 150 initiative, an aggressive growth plan that aims to bolster the

brand’s existing presence across Nigeria from 70 to 150 petrol stations over the course of the coming 12 months.

“We are well aware that it is a really challenging project,” reveals Ogbechie, “but we are driving it assertively using substantial investments, and with our team at the helm we are confident that we can establish a footprint in all the major cities in this country.”

Indeed, Ogbechie himself is no stranger to challenges of such a scale having been at the firm from the outset. This being said, the Group Managing Director recognises that new opportunities are presenting themselves in the downstream sector, and that the business must act sooner rather than later to remain ahead of the curve and capitalise accordingly.

Looking at recent statistics from Standard Bank, for example, Africa’s share of total global oil and gas consumption is expected to increase from 4.3 percent to 5.1 percent by 2050, while demand for gas is forecast to

increase by 128.4 percent prior to 2040.

He concludes: “Retail outlets will always be the interface between the industry and the consumer. Nigerian people won’t stop refilling their cars at petrol stations anytime soon, and it’s a segment where we want to expand our market share, and become a brand of choice for customers across the country.

“We are working very seriously on our investment programme. It’s costing a lot of money as you can imagine, but we feel that every dollar that’s put in will show its worth as we move into a new and particularly exciting era for Rainoil.”

Rainoil Tel: +234 (0) 170 047 11/12/13 info@rainoil.com.ng www.rainoil.com.ng

WWW.AFRICAOUTLOOKMAG.COM

19

Plot 8, Block 116, Akiogun Road, Oniru, Lekki Lagos State Tel: 01-7004711, 01-7004712, 01- 7004713 info@rainoil.com.ng www.rainoil.com.ng

www.outlookpublishing.com