Nigeria: Conoil Pumps N13b On Product Acquisition

25 September 2007

Abuja — Conoil Plc has launched a whopping N13 billion investment scheme on product acquisition, aimed primarily at flooding the country with Automotive Gas Oil (diesel) with a long-term strategy of making the product affordable for the users.

According to investigation, the investment is made up of about N12 billion on the acquisition of diesel while the remaining N1 billion is being expended on the construction of new product storage tanks and the upgrade of existing facilities.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.