Ascon Oil Company Plans Major Investment Afrer Re-Claiming Outlet 

Yemisi Izuora

Ascon Oil Company Limited, has re-claimed the petrol filling station located at Block 36 Admiralty Way, Lekki Phase 1 in line with the earlier Order of Justice Liman setting aside his previous Order restraining Ascon from interfering with the activities of the Receiver, Olawale Akoni SAN.

Hitherto, the retail station was illegally repossessed and operated by Rain Oil Limited.

The said it will execute more downstream infrastructure to increase its market share.

According to the Group Chief Executive Officer, Ascon Oil Company Limited, Mr. Benjamin Goke Dele, “we are setting the pace in the downstream sector as a major player with innovative energy solutions. Our current asset optimization across the country symbolizes our reinvigorated strategy for the Nigerian Energy, Oil & Gas market”.

Ascon Oil Company Limited will continue to carry out its lawful services in line with the provisions of the law, he said.

As part of its plans to position the downstream sector in the global energy transition map, Ascon Oil Company Limited plans to provide alternative sources of fuel to its customers as it plans to deploy autogas infrastructures across its service stations strategically located across the country.

This is not only a giant stride, but further gives credence to the company’s commitment and investment in innovative clean energy technology in the downstream sector.

This, the company believes, will lead to employment generation, and the creation of cleaner fuel sources which will reduce the cost of energy for Nigerians.

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