Techno Oil wins 2024 NIES energy downstream recognition award

The Techno Oil Group has clinched the 2024 Energy Downstream Recognition Award at the Nigeria International Energy Summit (NIES).

Mrs Nkechi Obi, the Group Managing Director and Chief Executive Officer, Techno Oil, while receiving the award in Abuja on behalf of the company, described the award as delightful and a great honour.

The NIES Energy Downstream Recognition Award is given annually in recognition of excellence among captains of industry and companies that have made extra-ordinary impact in the downstream of the energy industry.

The company has won a string of awards since 1998 when it opened shop in Nigeria’s crowded downstream sector.

Reacting to the award on the sidelines of the ongoing summit, Obi said the company was extremely honoured and humbled to receive the 2024 NIES Energy Downstream Recognition Award.

“Nothing compares with the joy of working so hard and being recognised with an award.

“We are grateful to the Federal Ministry of Petroleum Resources and the brains behind the award, especially Mr Brevity Anderson for the recognition of our role in the industry,” she said.

Obi dedicated the award to the management and staff of the company for their professionalism, tenacity, hard work and loyalty, the virtues that make the company to shine from year to year.

She recalled the humble beginning of the company, selling and marketing ESSO brand of lubricants as exclusive franchise holder in 1988 growing and growing steadily into a formidable firm.

According to her, Techno Oil has made a giant leap by setting up a 10,000 metric tonnes lubricant blending and manufacturing plant with state-of-the-art Quality Assurance Laboratory for its own brand of ISO-certified lubricants.

Obi described the group as an integrated, wholly indigenous company with diverse portfolios of prime investments in oil and gas, energy, infrastructure and manufacturing focusing on positioning itself as Nigeria’s leading service provider.

She added that the group operates a 65,000 Metric-Ton Fuel Terminal Facility, where all fuels marketed by the group were received, stored and eventually distributed.

“The terminal is equipped with a 200-metre two-finger jetty that aids receipts of petroleum products through coastal supplies from refineries across the world.

“The group is also a major supplier of diesel, petrol, gas oil, marine gas oil, marine fuel oil, kerosene, propane, butane and fuel oil in Nigeria’’ she said.

In line with the Federal Government’s National Liquefied Petroleum Gas (LPG) Expansion Policy Framework, aimed at deepening the adoption of LPG, Techno Oil Group established 8,400 metric tonnes of LPG Coastal Storage Terminal.

The terminal has the capacity to load 6,000 metric tonnes, an equivalent of 300 trucks of 20 metric tonne load daily.

In addition, it has LPG Bottling and Filling Plants and LPG Skids across the country, with a combined capacity of 2,000 metric tonnes responsible for the daily refill and distribution of over 24,000 bottles of LPG cylinders for both domestic and commercial users.

Techno Oil has also established a fully automated ultra-modern LPG cylinder manufacturing plant, West Africa’s largest LPG cylinder manufacturing plant, with an annual installed production capacity of over five million pieces of LPG cylinders.