(Ecofin Agency) - In Nigeria, NIPCO Plc, has announced that it has enlarged its storage capacity to improve efforts at meeting the needs of stakeholders at all times.

According to the Managing Director of NIPCO Plc, Venkataraman Venkatapathy (photo), the new storage facility has the capacity to store 34 million litres of petroleum products.

He noted that the added storage, has now increased the company’s effort to store 84 million litres of petroleum products from the former 50 million litres, improving the capacity to take supplies from bigger vessels carrying huge products with no worry as to where to discharge.

Venkatapathy added that the storage facility can now store all grades of white products and has been connected to the Apapa jetty reception point and the 10 point loading gantry in the terminal.

“NIPCO’s sales and marketing strategies, together with its competitive pricing policy, have facilitated the considerable market share of the company in all its lines of business, in order to maintain the trend. We would continue relentlessly to maintain new initiatives to maximize this enviable position in the industry,” he told Leadership news.

Anita Fatunji