REFINING

Industry Overview >> Downstream

As a consequence of the aforementioned under-performance, the current administration of President Obasanjo is seeking to liberalise the downstream sector through abolition of pricing controls on most products (except gasoline). The government has also slated the various elements of the downstream sector for privatization, in order to attract private investment and to promote efficiency.

Oando is well placed to participate in this programme and we believe that our demonstrated ability to turnaround underperforming state assets will stand us in good stead in the industry.