Deregulation Key To Attracting Private Sector Fund In Downstream Sector-OVH

Yemisi Izuora

The Chief Executive Officer, OVH Energy, Huub Stokman,  has advised the federal government to take urgent measures to deregulate the nation’s petroleum industry.

Stokman  gave the advice  at a media parley in Lagos, where he also  explained that  the ills besetting the  nation’s downstream sector would be nipped in the bud if the federal government completely adopts deregulation policy.

He said his company has made impressive show in the country’s downstream despite the challenges therein following the acquisition of two new aviation bowsers to deepen its market penetration in the aviation sector.

He said during the outgoing year,the company invested  significantly in upgrading its existing retail stations to better serve and create the right experience for its customers.

‘’We have included stand-alone Oleum Service Centre with two bays complete with lifting equipment in some of our stations in addition to our traditional single pit lube bay within the station building.Our Lube bay offerings include car servicing,oil change,car diagonis,tyre change and air,alignment and whell balancing,and a 36-point car check.

‘’We know the sort of care an average car owner places on his vehicle,so we added car wash service that includes interior  detailing and shampooing.We just concluded the Oleum Awoof promo where we gave out a brand new Toyota Yaris and over 4000 gift items including  tricycles,motorbikes,TVs,generators and tool boxes.

‘’We are expanding our LPG footprint.At the moment,we have installed over 38 skid tanks,our Pay-As-You-Gas(PAUG) plants,to provide a much easier access to gas refills for our customers.We have also added 6KG 3in-1 cooking bundle to our O-Gas offerings(3KG,6KG,12.5KG and 50KG and Pay-As-U-Gas-our spot buying option’’.

He further said his company recorded a significant milestone recently when it upgraded its ASPM jetty to receive both fuel and diesel ,just as he revealed that OVH celebrated 100 vessel berths without any Lost Time Injury earlier in the year.

On the company’s corporate social responsibility ,Stokman,disclosed that 4800 mechanics  have  graduated  from Oleum Academy,adding that OVH is currently training additional 300 mechanics.

”This is especially satisfying to us because we have achieved our target.In 2014 when we inaugurated this Academy, we said we would have trained 5000 mechanics in five years.We have simply achieved that feat”.

He said his company partnered with global shapers to distribute 100 units of O-gas to pregnant woman with the aim of reducing the risk of birth defects.The company also partnered with Oando Foundation to upgrade  One school infrastructure and provide learning materials.

“All of these and more are what OVH Energy is doing to ensure that we deliver on our promise to our customers work using trusted petroleum products,” he added.

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