11 Plc plans fresh investment in downstream sector

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

11Plc formerly Mobil Oil Plc has said it is considering huge investments in its operations in 2023 to shore up its performance in the downstream sector.

formerly Mobil Oil Plc has said it is considering huge investments in its operations in 2023 to shore up its performance in the downstream sector.

According to Oyebanji, the company is prepared to boost the distribution of petroleum products in the country and launch solar systems in some of its retail outlets this year. “The company is consciously and aggressively investing in the packaging of its lubricant to achieve the desired distinct identity in the market as well as shield it from counterfeiting of the product,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NCDMB, FIRS Offer Tax Incentives For Oil Industry R&D InvestmentsOil and gas companies desirous to reduce their tax burden and grow profitability should consider increasing investments in research and development (R&D),
Source: LeadershipNGA - 🏆 4. / 77 Read more »