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11 Plc plans fresh investment in downstream sector

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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.

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