Conoil PLC Warri
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We are Nigeria’s oil marketer of choice, providing fuel for transportation, energy for heat and light, and retail services for everyday needs
Conoil is one of the most formidable names in Nigeria’s downstream petroleum industry. We are engaged in the marketing of refined petroleum products and also in the manufacturing and marketing of high-quality lubricants and chemicals for domestic and industrial use. The company is reputed for its unwavering commitment to excellent products and service delivery for maximal customer satisfaction.
As the first and largest indigenous oil marketing company in Nigeria, we have over the years gained a unique understanding of research and quality control, which we continuously apply in all our businesses in order to offer the best propositions to customers. We have also developed innovative means of manufacturing and distributing our products through our wide network of outlets.
We invest our financial and technical resources in the development of high-performance products and in the provision of services that match or even surpass international standards, paying strict attention to the finest details of health, safety and environmental best practices.
Conoil has undergone tremendous transformation since inception: growing from Nigeria’s number one marketer to becoming a formidable force in the region, offering employment opportunities to hundreds and continually improving on our capacity to delight customers wherever they are
Conoil Plc, Nigeria’s first and largest indigenous oil marketing company, began operations in 1927 under the name Shell Company of Nigeria (SCN) and later Shell Company of West Africa. It was incorporated as a private limited liability company in 1960 and registered with the Nigerian Stock Exchange (NSE) as a public liability company in 1989.
Earlier in April 1975, the Federal Government of Nigeria acquired 60 percent shares of the company through the Nigerian National Petroleum Corporation (NNPC) and the company became known as National Oil and Chemical Marketing Company (NOLCHEM). In the year 2000, the Federal Government, through the Bureau of Public Enterprises (BPE), bought 40% issued ordinary shares of the company held by Shell Company of Nigeria (UK) Limited.
Following the privatisation of the company, Conpetro Limited acquired 60 per cent of the issued shares and as a result of a rights issue made by the company in 2002, Conpetro now holds 74.4 per cent of the issued capital; while the Nigerian public holds the remaining 25.6 per cent.
Conoil is committed to attaining the greatest height in the downstream sector for the benefit of individual stakeholders and the society in general. We are well positioned to move into the global market.
Our business practices are therefore driven by the corporate vision to become the number one petroleum products marketer in Africa and internationally recognised as a provider of first-class services and high-performance products.
We continuously invest financial and technical resources in top talents and state-of-the-art equipment and technologies that facilitate our ultimate goal of making life abundantly convenient for our customers.
Because we believe that our continued success depends on repositioning ourselves in the marketplace, we have re-engineered our manpower and retail outlets for greater efficiency and improved service delivery.
We constantly develop products and methods of operation which are more sustainable and which offer value to our customers and shareholders, and take into account environmental considerations as well as the expectations of our employees and the general public.
To be Africa’s leading petroleum marketing company, with the largest retail network, offering world-class products and services.
To remain the flagship of the downstream sector, providing high quality products and services, with total commitment to excellence and internationally acceptable environmental practices.
Conoil is our master brand. The essence of the Conoil brand is encapsulated in the company’s pay-off line: ‘We go the extra mile’, which speaks of our zeal to deliver excellence at all times. The brand symbolises and embodies everything we do or aspire to do as a corporation.
We have over the years built and managed a strong brand image reflecting Conoil's core values of constantly tracking customer’s changing behaviour, needs and expectations, with the aim of meeting these needs in the most cost-effective manner.
Pursuant to its strategic vision, the company in December 2002 shed its old identity, National Oil and Chemical Marketing Plc, and launched a new brand initiative which included a new name (Conoil), new logo (a circular icon of oil droplets) and new corporate colours (orange and blue). The new identity represents the company’s dynamism as a re-engineered entity and its commitment to improving the world we live in. It represents a brand with a positive attitude and a fresh and energetic approach to enriching lives.
For Conoil, a powerful and attractive brand image is the perception created by the multitude interactions that a customer has with the company. As a result, we make the customer the centrepiece of our everyday operations, with the cardinal objective focused on quality, value and service. The Conoil brand aspires to touch lives in a unique way so as to form a lasting impression in the customer’s mind. The ultimate goal is to lift the brand to such a pedestal where customers see it as an endorsement of quality.
Conoil will continue to be the brand of choice, delivering quality, professionalism, service and efficiency. Because we are resilient, well-established, customer-focused and socially responsible, our customers can count on us for unique and compelling product and service offerings, for consistent delivery on brand promises and continuous productive and distinctive value at all times.
In pursuant of our dream of making life abundantly convenient for our customers all over Africa and beyond, we have evolved a corporate policy which values inclusion and diversity in all our business practices, including the composition of our company.
The policy focuses on bringing together people of different viewpoints, experiences, ethnic and cultural backgrounds to enrich our corporate culture and create a stronger organisation.
We will continue to foster a work environment that guarantees every employee an opportunity to develop his or her skills and talents to the full, in a way consistent with the company’s values.
In line with its corporate vision and mission, Conoil makes conscious efforts at all times to ensure that all employees feel included, supported and valued. Our human resources policy also emphasises the value of work life initiatives for retaining and attracting top talents from diverse backgrounds.
Because we know that organisations are about people and that our employees are crucial vehicles for attaining our corporate goal of delivering excellent service to our customers, we shall remain faithful to these ideals.