Page 12 - DMEA Week 40 2022

DMEA REFINING & FUELS DMEA

This represents a 41% increase in demand energy products we consume in Ghana, and this
for fossil fuels as compared to 2020. This is an culminated to the reduction of sulphur content
unprecedented surge in consumption of fossil in transport and industrial fuels from a maxi-
fuels when the annual average over the years had mum of 5,000 ppm to a maximum of 50 ppm,”
been between 5% and 7%,” the NPA CEO added. he explained.
As part of the fight against climate change, GhIPCon 2022 was convened to help formu-
Abdul-Hamid said, NPA had brought the cap late and promote the downstream petroleum
on sulphur content in motor fuels down to a sector’s perspective and guidance on issues of
much lower level of 50 parts per million (ppm). governmental policy and regulatory framework.
“We at the National Petroleum Authority are It also highlights best practices for the advance-
committed to reducing the emissions from the ment of the industry within the sub-region. ™

NNPCL adds 380 Oando filling stations

to retail network via OVH acquisition

AFRICA NIGERIAN National Petroleum Co. Ltd the NNPC Retail brand in Nigeria and Togo, on
(NNPCL) has acquired OVH Energy Market- our journey to attaining 1,500 stations,” NNPCL
ing (OVH), a Nigerian company that owns and said on Twitter.
operates a chain of Oando-branded filling sta- Meanwhile, OVH said in its statement that
tions and other downstream assets. its filling stations, which are currently operat-
NNPCL announced the acquisition in a ing under the Oando brand, were now due to
series of Twitter posts on October 1, and OVH be rebranded as NNPC outlets. The process of
confirmed the deal in a statement issued the integrating these stations into the NNPC Retail
same day. chain is slated to be complete by the end of 2023,
Neither party revealed the value of the deal, it noted.
but NNPCL said it now had access to OVH’s 12 OVH went on to say that the acquisition
warehouses, eight LPG plants, three lubricant “aims to create the leading downstream energy
blending plants, three aviation fuel depots and company in Nigeria and West Africa.” It also
the Lagos Midstream Jetty owned by OVH’s remarked that it expected NNPCL to “build on
subsidiary ASPM Ltd. (The reception jetty is the the existing success of OVH and operate model
first privately-owned facility of its kind in West service outlets leveraging OVH’s extensive asset
Africa.) base and commercial capabilities.”
Additionally, it noted, the takeover will sup- NNPCL expressed similar sentiments, saying
port NNPCL’s efforts to grow its downstream that the acquisition had the potential to make
business by adding several hundred filling NNPC Retail the largest seller of petroleum
stations to the company’s retail network. “The products in Africa.
acquisition, which is under our Accelerated Mele Kyari, the group CEO of NNPCL,
Network Expansion (ANEX) initiative, will described the deal as advantageous for his com-
bring over 380 additional filling stations under pany’s downstream business.

Opening of rebranded Orando station on October 1 (Photo: Twitter/@nnpclimited)

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