Capital Oil & Gas Industries Limited was incorporated in 2001 but commenced full operations in 2003, following the deregulation of the downstream sector of the oil and gas industry by the Federal Government of Nigeria. It started with the supply and distribution of petroleum products and had a speedy growth which culminated in the establishment of a petroleum depot in Apapa, Lagos . With the commissioning of the first phase of her ultra modern tank farm in 2007, the development of the 2nd and 3rd storage facilities in 2008, the acquisition of four tanker vessels, a fleet of trucks and a dedicated private jetty at Ibafon, the company has become one of the leading indigenous petroleum marketers in Nigeria. The Corporate Office is located at no. 1 Capital Close, Westminister,Ibru Jetty Complex, Ibafon, Apapa.
To become Africa 's first choice provider of energy solutions through continuous innovation, strategic partnership and customer service delivery.
To provide excellent service aimed at totally satisfying our numerous esteemed customers in the Oil and Gas Industry by continuously striving to meet their sophisticated needs and requirements through modern practices in a safety conscious environment, using a team of motivated and highly dedicated professionals of multidisciplinary background and relevant experience, and maintain healthy financial returns to the company through sustainable growth.
At Capital Oil & Gas Industries Limited we have made it our business to provide only authentic products of the highest quality. We pride our self on the care and attention taken to ensure that our customers' requirements are fulfilled at all times.
IFEANYI P. UBAH -MANAGING DIRECTOR/CEO
UCHE UBAH (MRS) - EXECUTIVE DIRECTOR
JOSEPH ORJI -GROUP GENERAL MANAGER, LOGISTICS
CHIBUZOR OGBUOKIRI -ASSISTANT GENERAL MANAGER
GEORGE ORANUBA -COMPANY SECRETARY/ LEGAL ADVISER
MR. UGOCHUKWU EHIGHIBE -PERSONAL ASST. TO THE MD/ CEO
MRS. JANET W. ADEMOLA – SALES MANAGER
CHUKWUMA UBAH - FOREIGN TRADE MANAGER
AZUKA UBAH -DEVELOPMENT MANAGER
ALGIS CININAS -SYSTEMS ENGINEER
ALEXANDER CININAS -INFORMATION TECHNOLOGY MANAGER
GODFREY OKORIE - DEPOT MANAGER
EBELE ASHIBUOGWU - ACCOUNTS OFFICER
J.L.S.KELLY - GENERAL CONTROL MANAGER
PRINCE AMBROSE UKAEGBU - SAFETY MANAGER
The company is a wholly Nigerian owned conglomerate specialising in the importation, local sourcing, storage, marketing and distribution of petroleum products such as automotive gas oil (AGO), kerosene (DPK), petrol (PMS), gas (LPG), engine oil (lubricants).
Capital Oil & Gas Ind. Ltd enjoys a mutually rewarding relationship with some reputable international companies like Vitol SA, Trafigura Behear BV , Addax, Moco Energy International and others.
In order to sustain availability of quality product, the company engages in Bulk Purchase Agreement relationship with NNPC/PPMC and other indigenous companies like Total Nigeria Plc, Wabeco Ltd and Ascon Oil Ltd.
Bulk Sales & Bulk Broking
As the name implies it entails tank farm marketers selling in large quantities (herein referred as Bulk) to marketers who re-sell again to retailers. It is instructive to note that bulk sales attracts lower rate than the other retail/ industrial sales.
By bulk broking, we mean wherein the whole cargo of the petroleum product (s) is directly sold to a single buyer on Ship-to-Ship (STS) basis with a competitive pricing strategy and delivery terms strictly adhered to.
Capital Oil & Gas Industries Limited is one of the leading indigenous Trading and Marketing Company in the country established about four years ago at the inception of the deregulation of the downstream sector by the then Obasanjo administration. The Company started with the supply and distribution of petroleum products and had a speedy growth that led to the acquisition and establishment of what is known today as Capital Oil & Gas tank farm at Ibafon, Lagos . The ultra-modern tank farm the best of its kind in the Industry is installed with the state-of-the- art equipment that makes her unique in the industry. With the completion and commissioning of the first phase of the project with an installed capacity of over 40 mln litres of petroleum products capable of taking the three white products viz. AGO, PMS and DPK – Capital Oil & Gas is positioned to be a leader in the Industry.
The facility is equipped with the following:
A six-arm modern loading gantry with a micro load meters with interlocking system loading pumps and overflow protecting loading arms capable of loading a truck in about 12 minutes
· An installed automatic shut-down system; in case of an emergency
· An automated tank gauge system and safety devices.
· Facilities in the tank farm are fully compliant with international environmental standards for the oil industry.
· Depot protected for safety by Fire Fighting Equipment from Angus Fire of the UK .
· The facility is equipped with fixed monitor positioned around the gantries capable of releasing both water and foam compound for fire fighting.
· It is also equipped with a modern pump house with 6 dispensing pumps and a back loading pump.
· The facility has a water treatment plant.
· Two heavy duty Caterpillar diesel engine fire pumps with a capacity of 4,320 HP (3,222 KWs) and 1 jokey pump of 15 KWs capacity.
· The facility has 1 mln litre capacity hydrant tank and an uninterrupted back up water supply from the lagoon.
· All the tanks and gantry are installed with foam and sprinkler lines with the foam tank back up capacity of about 3,375 litres .
· The facility has 2 transformers and 3 back up generators of 150, 300 and 500 KVA capacities.
· Easy accessibility to the Expressway.
Marketing & Distribution
In order to sustain its position as a major player in the downstream sector and satisfy the yearnings of our teeming and ever increasing customers, the company has in its fleet of over 100 trucks for regular, effective and efficient product distribution.
The company is actively involved in market penetration and distribution of quality petroleum products. It currently owns and operates 20 Mega Filling Stations in the South east of Nigeria and efforts are on to increase the spread all over the country. All these and other investments are aimed at ensuring product availability and fair pricing regime to the end users all over the federation.
Current expansion projects aimed at building strategic capacity to meet emerging and future energy challenges. Capital oil & Gas Ind Ltd is committed to building capacity to deliver a robust supply chain management system and distribution channels. With these we shall become a dominant supplier of petroleum products and services in the down stream sector. Ongoing strategic projects Construction of well equipped modern berthing facility
Development of ultra-modern truck park and bonded terminal
Acquisition of additional vessels, barges and over 750 trucks
Tank farm (depot) expansions (depots i, ii & iii)
Expansion of loading gantry (six additional loading arms)
Construction of well equipped modern berthing facility five-finger jetty
Benefits Annual revenue of about n12b (including other consequential income) when fully operational.
Reduces port and waterway congestions
Capacity to berth six vessels simultaneously and twelve vessels when double banked (no other jetty has this capacity in the country).
Removes risk of paying demurrage
Facilitate business arrangement with PPMC worth N500b
Completion: 80%Depot expansion projects
Our depot expansion projects will deliver the largest storage capacity depot in the industry. With completed depot i & ii having a combined capacity of 70 million litres and depot iii expected to double existing capacity we remain the leader in the industry.
Ultra modern truck park and bonded terminal
To effectively manage our fleet of trucks, an ultra-modern truck park with a capacity of 1097 trucks is nearing completion. This facility also includes a bonded terminal
- source of substantial revenue to the company
-fully supported by the Lagos state government as a means of decongesting the expressway.
-runs as a profit centre truck park open to all customers.
-the facility also includes a world class bonded terminal which will provide us a huge revenue base.
Completion: 90%Fleet expansion and implantations of mega filling stations
Acquisition of 750 well calibrated and metered tankers from our foreign partners
Construction of strategically located mega filling stations across the country
Upgrading of existing fleet of trucks
Our china strategic equipment acquisitions that support our projects Highlights:
2 oil vessels of 33,000 metric tones each
4 barges of 17,000 metric tones each
500 nos. Of 33,000 ltr. Trucks
200 nos. Of 45,000 ltr. Trucks
100 nos. Of 60,000 ltr. Trucks
200 nos. Of 22,000 ltr. Trucks
300 nos. Of 55,000 ltr. Underground storage tanks
180 nos. Of container flat/low bed trailer
Capital is in the forefront of implementation of Corporate Governance best practices. Corporate Governance at Capital is based on the following main principles:
· Ensuring timely flow of information to the Board and its Committees to enable them discharge their functions effectively.
· Independent verification and safeguarding integrity of the Company's financial reporting.
· A sound system of risk management and internal control.
· Timely and balanced disclosure of all material information concerning the Company to all the Parties concerned.
· Transparency and accountability.
· Compliance with all the applicable laws and regulations
· Fair and equitable treatment of all its stakeholders including employees, customers and suppliers.
ENVIRONMENT, HEALTH & SAFETY POLICY (E.H.S Policy)
To increase our competitiveness and sustain our global reputation, we have taken an uncompromising stand in the maintenance of high quality standards in safety, security, health and environmental measures in all facets of our business and we demand same from our suppliers, contractors and other service providers.
Capital Oil & Gas Ind. Limited has a track record of providing social amenities to its host communities. At Tex Olawole Crescent , Ibafon, Apapa, Lagos where it has a trailer garage, the company solely funded a total reconstruction and upgrading of the road as part of its corporate social responsibility.
Similarly in 2006, the organization handed over a brand new class road situated off Enugu- Onitsha Road Expressway in Onitsha to the Anambra State Government..
As its policy of ploughing back to the society and as a way of alleviating poverty, the company gives free fuel to one thousand Motorcycle Riders (aka ‘'Okada ‘' ) and commuter buses every week at its various mega filling stations across the country.
The company made a donation of two Toyota Hilux pick-up vans to Anambra and Lagos states Police Commands respectively in support of their efforts to combat crime and ensure adequate security of life and property. The Federal Ministry of Works, Lagos granted the company the permission to reconstruct roads and drainage on a section of the ever busy Oshodi- Apapa Expressway that leads to Capital Oil and Gas; and was achieved in a record time and handed over to the ministry.
In addition to the reconstruction of the road and drainages, Capital Oil and Gas also installed street- lights which have drastically reduced criminal activities within the area.
In recognition of the need to serve humanity, provide succour to needy and give to the society, the company through the Managing Director/CEO,established an Education fondation that awards scholarships to deserving students.
As a deliberate policy to help Lagos State Government decongest the roads leading to the nation's main seaports, the company is constructing a truck terminal capable of holding 600 trucks at Amuwo Industrial Estate.
RELATED AFFILIATIONS & MEMBERSHIPS
· Nigerian Shipping Company Association
· Nigerian Maritime Authority
· Nigerian Port Authority
· Nigerian Customs & Excise Authority
· Association of Nigerian Customs Licensed Agents
· Transport Association of Nigeria
· Association of Nigerian Oil & Gas Cargo Carriers
Capital Oil and Gas Industries Limited
1 Capital Oil Close, Westminister, Ibru Jetty Complex, Ibafon, Apapa
P.O. Box 558 (CODE 102241), Apapa, Lagos
Tel: 234-1-5874797, 5874981, 5875001
All enquiry should be sent to
Your enquiries will be treated promptly!!